In Q4 2023, Penn Entertainment reported a net loss of $358.8m, despite launching ESPN Bet.
The Interactive segment made $31.5m in revenue but suffered an adjusted EBITDA loss of $333.8m.
Company-wide revenue fell 12.5% to $1.4bn, with adjusted EBITDAR dropping from $468.3m to $112.5m. The northeast segment generated $662.9m in revenue.
The Interactive segment made $31.5m in revenue but suffered an adjusted EBITDA loss of $333.8m.
Company-wide revenue fell 12.5% to $1.4bn, with adjusted EBITDAR dropping from $468.3m to $112.5m. The northeast segment generated $662.9m in revenue.
