PENN Entertainment Posts 7 Percent Q3 Revenue Growth on Record Retail Results and Canadian iGaming Traction

PENN Entertainment increased its revenues by seven per cent in the third quarter to hit $1.5bn in its retail segment and $348.4m in its interactive division. Jay Snowden, Chief Executive Officer and President, cited broad-based retail strength, interactive progress, and balance sheet improvements.

Snowden said the retail segment achieved record third-quarter revenue from same-store growth and completed development projects. Property performance reflected higher rated revenue, increased spend per visit across age segments, and gains from mid- and high-worth customers alongside unrated revenue growth. Segment Adjusted EBITDAR margins rose year-over-year for the third consecutive quarter.

Retail Segment Delivers Margin Expansion

The operator recorded better-than-expected retail revenue and Adjusted EBITDAR. Sustained trends through October reinforce confidence in the remaining development pipeline. These results highlight returns from prior investments and position the portfolio for continued expansion.

Interactive Division Advances on US and Canadian Gains

Adjusted EBITDA in the interactive segment improved meaningfully year-over-year. US standalone Hollywood iCasino drove revenue through efficient user acquisition. In Ontario, higher user counts and revenue per user lifted both iCasino and online sports betting. Early performance from Alberta iCasino and OSB operations further expanded the Canadian footprint.

Snowden noted these trends support a strategic focus on US iCasino and Canada as drivers of profitable growth. The company maintains its full-year Adjusted EBITDA target for the interactive segment. According to G3 Newswire, healthy operating patterns persisted into October across both segments.