- Penn National press release ( NASDAQ: PENN ): Q4 GAAP EPS of $0.13 misses by $0.29 .
- Revenue of $1.6B (+0.9% Y/Y) beats by $20M .
- Adjusted EBITDAR of $468.3 million, a decrease of 2.5% year-over-year;
- Adjusted EBITDA of $438.3 million an increase of 18.8% year-over-year; and
- Adjusted EBITDAR margins of 29.5%, a decline of 110bps year-over-year.
- Omni-Channel, Tech-Forward Engagement Delivering Tangible Benefits
- Strong Conclusion to Fourth Quarter Retail Operations; Momentum Continues Into January
- Interactive Segment Achieves Profitable Quarter
- Repurchased $91.0 million of Common Stock at an Average Price of $31.69 Under the February 2022 Share Repurchase Authorization
- Initiates 2023 Guidance – Full Year Revenue Range of $6.15 billion to $6.58 billion vs consensus of $6.46B and Adjusted EBITDAR Range of $1.875 billion to $2.0 billion
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Penn National GAAP EPS of $0.13 misses by $0.29, revenue of $1.6B beats by $20M, Initiates 2023 Guidance