PENN Stock Recent News

PENN Entertainment disappointed investors with earnings missing expectations for Q4 and a surprisingly rocky start for ESPN BET. This year, PENN has found itself locking horns with HG Vora, a New York hedge fund that owns an 18.5% economic interest in the company. After Q4 earnings, this is likely to escalate.

PENN Entertainment: Sell Off Creates Income Opportunity

It unveiled its fourth-quarter results on Thursday. These did not inspire confidence in investors.

PENN Entertainment's (PENN) fourth-quarter results are hurt by ESPN BET investments.

Revenue is down and Penn Entertainment swung to a loss in the fourth quarter. The botched Barstool deal and huge ESPN contract make this a tough turnaround story.

PENN Entertainment, Inc. (PENN) Q4 2023 Earnings Call Transcript

The gambling and esports company launched ESPN BET in November.

The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Penn Entertainment is buying market access to New York from Wynn Interactive that would allow it launch in the nation's largest sports betting market.

PENN Entertainment's (PENN) fourth-quarter 2023 results are likely to reflect benefits from solid growth of gaming revenues.