2022-05-05 07:16:01 PENN Penn Entertainment
05/05/22 05/0507:16 05/05/2207:16 | Penn National reports Q1 EPS 29c, consensus 43cReports Q1 revenue $1.56B, consensus $1.53B. Jay Snowden, president and CEO, commented: "Penn National Gaming generated record first quarter results with revenues of $1.56 billion and Adjusted EBITDAR of $494.7 million. These results reflect our continued progress in meeting our strategic objectives. We are growing our active mychoice(R) database and are seeing early benefits from our technology investments. We are also driving momentum at our Interactive Segment with ongoing sports betting and iCasino growth in the U.S., and the successful launch of mobile sports betting and iCasino in Ontario on April 4th on theScore's proprietary player account management system ("PAM") and bonusing engine. Based on the strength of our first quarter performance and our outlook for the remainder of the year, we are increasing our prior 2022 revenue and Adjusted EBITDAR guidance range to $6.15 billion to $6.55 billion and $1.875 billion to $2.00 billion, respectively." |
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