WYOMISSING, PA — PENN Entertainment, Inc. (Nasdaq: PENN) reported financial results for the quarter ended March 31, 2026, including $1.4 billion in retail segment revenue and $358.3 million in interactive segment revenue.
Retail segment adjusted EBITDAR totaled $471.4 million, with margins of 33.2%, while the interactive segment reported an adjusted EBITDA loss of $10.8 million.
Chief Executive Officer Jay Snowden said retail performance improved year over year, supported by increased visitation and higher spending per visit across the company’s portfolio.
Interactive segment results showed year-over-year improvement, with iCasino revenue rising approximately 15% and reaching record quarterly and monthly levels during the period.
The company said growth in its interactive business was supported by online casino performance and trends in Ontario, with further expansion expected ahead of a planned July 13 launch of regulated iCasino and online sports betting in Alberta.
PENN also reported issuing $600.0 million in unsecured notes due 2031 at a 6.75% interest rate on March 16, 2026, with proceeds used to repay borrowings under its revolving credit facility.
Total liquidity stood at $1.7 billion as of March 31, including $708.0 million in cash and cash equivalents. Net debt at quarter end was $2.2 billion.
On April 16, 2026, the company amended its credit agreement to refinance and extend its $1.0 billion revolving credit facility and $446.9 million Term Loan A facility.
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