Jay Snowden, Chief Executive Officer and President, announced: “Today is an exciting day for us as we become PENN Entertainment, Inc.
Adjusted EBITDAR margins of 31.0%, a decline of 694bps year-over-year.įor further information, the Company has posted a presentation to its website regarding the second quarter highlights and accomplishments, which can be found here.Adjusted EBITDA of $476.5 million, an increase of 1.4% year-over-year and.Adjusted EBITDAR of $504.5 million, a decrease of 14.0% year-over-year.Net income of $26.1 million and net income margin of 1.6%, as compared to net income of $198.7 million and net income margin of 12.9% in the prior year.Revenues of $1.6 billion, an increase of 5.2% year-over-year.Repurchased $167.0 million of Common Stock at an Average Price of $30.16 Under Share Repurchase Authorization.Reiterating 2022 Full Year Revenue and Adjusted EBITDAR Guidance.Successful Migration to Our Proprietary Tech Stack in Ontario.Database Growth Highlights the Value of Omni-Channel Strategy.(“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2022.
