NASDAQ$PENN
Penn National Gaming Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported stable property level performance and prepared to transition online sportsbook to the ESPN BET brand.
PENN Entertainment reported stable property level performance driven by solid results from rated traditional core customers. The company is preparing to launch ESPN BET on November 14 across 17 states, aiming to expand their digital ecosystem and drive customer re-engagement.
- Property level performance was stable, reflecting solid results from rated traditional core customers.
- Several locations, including casinos in Ohio, Kansas, Massachusetts, and Missouri, showed relative strength.
- Interactive segment results reflect curtailed marketing in the U.S. in preparation for the transition to the ESPN BET brand.
- Planned launch of ESPN BET on November 14 across 17 states, pending final approvals.
Headline financials
Revenue & EPS history
Penn National · Revenue · Quarterly
$1.62B
Revenue by segment
Penn National · $1.34B total across 5 segments · Q4 2019
- Northeast$621M—46.3%
- Midwest$279M—20.8%
- South$268M—20.0%
- West$158M—11.8%
- Other$15.6M—1.2%
Forward guidance
PENN Entertainment did not provide specific forward guidance in this earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+3.4%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+27.6%
Q2 2020
Best reaction
-17.3%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | -6.8% | +4.4% | |
| Q4 2025 | +17.0% | +19.1% | +9.8% | |
| Q3 2025 | -10.5% | -5.3% | -15.5% | |
| Q2 2025 | +1.0% | +4.0% | +10.2% | |
| Q1 2025 | -2.8% | +2.9% | -0.8% | |
| Q4 2024 | -0.1% | -3.2% | -17.1% | |
| Q3 2024 | +6.6% | +12.0% | +7.9% | |
| Q2 2024 | +5.7% | +9.0% | +4.7% | |
| Q1 2024 | -8.0% | -3.2% | +6.4% | |
| Q4 2023 | -17.3% | -23.2% | -21.6% | |
| Q3 2023 | +15.9% | +20.4% | +30.5% | |
| Q2 2023 | +1.2% | +0.4% | -10.8% | |
| Q1 2023 | -12.2% | -12.4% | -12.3% | |
| Q4 2022 | -4.2% | -4.1% | -13.1% | |
| Q3 2022 | -0.4% | +1.7% | +6.7% | |
| Q2 2022 | -6.7% | -6.8% | -14.5% | |
| Q1 2022 | -11.4% | -20.9% | -15.0% | |
| Q4 2021 | -1.5% | +5.3% | +1.5% | |
| Q3 2021 | -15.1% | -18.9% | -34.0% | |
| Q2 2021 | +8.5% | +5.9% | +23.3% | |
| Q1 2021 | -5.2% | -9.1% | -11.9% | |
| Q4 2020 | +18.2% | +7.1% | -0.8% | |
| Q3 2020 | -4.6% | -0.9% | +29.5% | |
| Q2 2020 | +27.6% | +21.4% | +41.1% | |
| Q1 2020 | +16.9% | +12.6% | +128.7% | |
| Q4 2019 | +6.4% | +14.1% | -25.9% | |
| Q3 2019 | -1.8% | +0.9% | +5.4% | |
| Q2 2019 | -3.0% | -5.8% | -1.8% | |
| Q1 2019 | -4.9% | -10.9% | -10.4% | |
| Q4 2018 | -3.1% | -3.6% | -11.9% | |
| Q3 2018 | -4.4% | -8.4% | -8.9% | |
| Q2 2018 | -8.5% | -6.2% | +1.1% | |
| Q1 2018 | +14.1% | +16.5% | +31.2% | |
| Q4 2017 | -6.4% | -5.4% | -7.5% | |
| Q3 2017 | +0.5% | +2.8% | +8.4% | |
| Q2 2017 | -5.5% | -4.5% | -1.6% | |
| Q1 2017 | -2.5% | -2.4% | +5.1% | |
| Q4 2016 | +3.7% | +2.9% | +7.9% | |
| Q3 2016 | -1.1% | -2.6% | +5.9% | |
| Q2 2016 | +5.1% | +2.9% | +0.8% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | +3.9% | — | — | |
| Q2 2015 | -1.9% | — | — | |
| Q1 2015 | +3.1% | — | — | |
| Q4 2014 | -1.9% | — | — | |
| Q3 2014 | +4.3% | — | — | |
| Q2 2014 | -3.6% | — | — | |
| Q1 2014 | -12.6% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | +3.6% | — | — | |
| Q2 2013 | -8.2% | — | — | |
| Q1 2013 | +3.6% | — | — | |
| Q4 2012 | +5.0% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2011 | -5.6% | — | — | |
| Q1 2010 | -0.5% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2008 | +4.5% | — | — | |
| Q4 2010 | +4.5% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q3 2009 | +1.4% | — | — | |
| Q2 2010 | -0.9% | — | — | |
| Q2 2009 | -0.9% | — | — | |
| Q4 2009 | -0.9% | — | — |
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