The significant improvement in Interactive segment losses and strong retail performance suggest operational execution is gaining traction. The debt refinancing provides stability. Monitor next quarter's guidance for Interactive segment profitability timeline.
Price Chart
Executive Summary
PENN reported Q1 2026 results with revenue of $1.78B and a net loss of $2.8M, driven by strong retail EBITDAR growth and significant improvement in Interactive segment losses. The company issued $600M in notes and refinanced its credit facilities.
Key Financial Metrics
Key Facts
- Q1 2026 revenue: $1.78B (vs $1.67B YoY)
- Consolidated Adjusted EBITDA: $265.8M (vs $173.3M YoY)
- Interactive segment Adjusted EBITDA loss: $10.8M (vs $89.0M YoY)
- Issued $600M unsecured notes at 6.75% to repay revolver borrowings
- Refinanced $1.0B revolver and $446.9M Term Loan A
Financial Impact
Revenue up 6.4% YoY, Adjusted EBITDA up 53.4% YoY, Interactive EBITDA loss improved by $78.2M
Risk Factors
- Interactive segment still not profitable
- High leverage despite deleveraging efforts
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000921738-26-000011 |
| Document: penn-20260423.htm | 0000921738-26-000011 |
| Document: 0000921738-26-000011-index-headers.html | 0000921738-26-000011 |
| Document: 0000921738-26-000011-index.html | 0000921738-26-000011 |
| Document: 0000921738-26-000011.txt | 0000921738-26-000011 |
| 8-K Data (Synthetic) | 0000921738-26-000011 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | 8-K | $20.13 $17.20 | ▼ −14.56% | ▼ −15.16% | $14.77 (−26.63%) |
May 28, 2026 18w ago | 8-K | $18.83 $22.06 | ▲ +17.15% | ▲ +18.95% | $14.77 (−21.56%) |
Apr 27, 2026 22w ago | DEFA14A | $17.82 $17.06 | ▼ −4.25% | ▼ −9.20% | $14.77 (−17.10%) |
Apr 24, 2026 23w ago | S-3ASR | $17.82 $17.06 | ▼ −4.25% | ▼ −9.20% | $14.77 (−17.10%) |
Apr 23, 2026 23w ago | 8-K | $17.26 $16.17 | ▼ −6.30% | ▼ −10.93% | $14.77 (−14.41%) |
Feb 26, 2026 31w ago | 8-K | $14.66 $14.57 | ▼ −0.61% | ▲ +5.79% | $14.77 (+0.77%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access