财务数据和关键指标变化 - 公司在第一季度实现了创纪录的在线体育博彩和在线赌场交易量 [17] - 在线体育博彩业务受到较低的持有率和用户平均投注额低于预期的负面影响 [17][18] - 公司预计2024年在线互动业务收入将达10.2亿美元至10.7亿美元,调整后EBITDA亏损将为4.75亿美元至5.25亿美元 [52] 各条业务线数据和关键指标变化 - 零售业务收入为14亿美元,调整后EBITDAR为4.79亿美元,受到1月和2月初恶劣天气的影响 [45][47] - 在线互动业务收入为2.08亿美元,调整后EBITDA亏损为1.96亿美元,较上一季度有显著改善 [47] - 公司在北卡罗来纳州的在线体育博彩业务发展良好,市场份额达到中高个位数 [108] 各个市场数据和关键指标变化 - 公司已在19个管辖区推出在线业务,并将于本NFL赛季前在纽约上线 [14] - ESPN BET在iOS应用商店获得超过14万条评价,平均评分为4.8分,在全国在线体育博彩用户周活跃数方面一直位居中高位 [24] - 公司在线体育博彩业务的持有率在4月达到8%以上,未来几个月预计将在7%-8%之间 [19] 公司战略和发展方向及行业竞争 - 公司与ESPN建立战略联盟,推出ESPN BET品牌,旨在成为行业领先的在线体育博彩和在线赌场运营商 [9][15] - 公司计划在2025年初推出独立的好莱坞在线赌场应用,以提升在线赌场业务的表现 [69][118] - 公司正在加强在线体育博彩产品的功能,如提升串关、同场单一串关和玩家道具等,以提高用户参与度和收益 [32][33][36] 管理层对经营环境和未来前景的评论 - 公司对2027年在线体育博彩市场份额10%-20%的预测仍然很有信心 [12] - 2024年将是投资年,2025年将实现收支平衡并降低负债,2026年在线互动业务将实现正现金流 [39][50] - 公司认为ESPN BET的发展前景非常乐观,将成为行业领先的在线体育博彩和在线赌场运营商 [42][43] 问答环节重要的提问和回答 问题1 **Carlo Santarelli 提问** 询问一季度在线互动业务的利润率下降的原因 [60][61] **Todd George 回答** 主要是由于劳动力成本和营销费用的上升,以及收入趋势的变化 [61] 问题2 **Barry Jonas 提问** 询问ESPN BET的用户重复存款情况 [75][76] **Jay Snowden 回答** 用户每月存款超过取款,显示用户对产品满意度较高,但平均投注额低于预期,未来将通过产品功能提升来提高用户参与度和收益 [76][77] 问题3 **Shaun Kelley 提问** 询问公司在新州市场的营销投入计划 [82][85][86] **Jay Snowden 和 Todd George 回答** 公司将利用ESPN强大的用户基础,采取与以往不同的更加精准的营销策略,减少过度投放 [85][86]

PENN Entertainment (PENN) reported $1.61 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4%. EPS of -$0.79 for the same period compares to $0.31 a year ago. The reported revenue represents a surprise of -1.59% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being -$0.59, the EPS surprise was -33.90%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

PENN Entertainment (PENN) came out with a quarterly loss of $0.79 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.90%. A quarter ago, it was expected that this casino operator would post a loss of $0.57 per share when it actually produced a loss of $1.75, delivering a surprise of -207.02%. Over the last four quarters, the ...

业绩总结 - 公司在Q1取得了创纪录的OSB handle和iCasino GGR[4] - 公司的PENN Play数据库增长至3000万，数字数据库增长71%[5] - 公司在Q1的零售业务中取得了连续稳定的表现[6] - 公司在Q1的零售业绩中取得了多个物业创纪录的EBITDAR[7] 用户数据 - 公司的互动收入呈现强劲的季度增长[10] - OSB的每月活跃用户数大幅增长[15] 未来展望 - 公司计划在秋季更新产品，以解决低混合投注比例导致的持有率不佳问题[13] - iCasino在Q1实现了记录的GGR，预计独立的Hollywood iCasino应用上线后将具有高度增量[16] 新产品和新技术研发 - 产品更新包括My Bets页面重新设计和3款新iCasino游戏的推出[17] - 公司聘请了前迪士尼娱乐和ESPN首席技术官Aaron LaBerge担任首席技术官[18] 市场扩张和并购 - 公司在底特律的Greektown的Hollywood Casino开设了首家ESPN BET零售体育书店[8] - 公司在20个美国州拥有43个零售游戏地点，与ESPN达成战略体育博彩联盟[23]

Exhibit 99.1 PENN Entertainment Reports First Quarter Results WYOMISSING, PA (May 2, 2024) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three months ended March 31, 2024. Jay Snowden, Chief Executive Officer and President, said: “Our property level performance showed resilience this quarter, with stable trends continuing into April following portfolio-wide severe weather through mid- February. Meanwhile, ESPN BET continues to drive strong top o ...

Analysts on Wall Street project that PENN Entertainment (PENN) will announce quarterly loss of $0.59 per share in its forthcoming report, representing a decline of 290.3% year over year. Revenues are projected to reach $1.63 billion, declining 2.4% from the same quarter last year. Over the last 30 days, there has been a downward revision of 263.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...

PENN Entertainment, Inc. (PENN) is likely to benefit from development efforts, ESPN alliance and 3C’s initiative. Also, the focus on product improvements bodes well. However, an uncertain macroeconomic environment is a concern. Let us discuss the factors that highlight why investors should retain the stock now. Growth Catalysts Development Plans: The company emphasizes reimaging its properties with best-in-class retail sports books, new games, enhanced technology, refreshed hotel offerings and new third-par ...

ESPN BET上线 - ESPN BET作为ESPN的官方体育博彩平台，在北卡罗来纳州正式上线[1] - ESPN BET通过与Quail Hollow Club的合作获得了在北卡罗来纳州的市场准入[3] 投注市场 - ESPN BET提供多种体育和联赛的市场，包括直接投注、跨体育串联、道具赌注和赛中投注[1] 安全环境 - PENN和ESPN致力于为所有客户提供安全的游戏环境[3] - ESPN BET提供全面的负责任博彩工具和资源，包括时间、存款和投注金额的限制[4]

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (the “Company”) announced today that the Company’s Chief Executive Officer and President, Jay Snowden, will participate in a fireside chat at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Thursday, March 14, 2024 at 1:50 p.m. ET. The Company’s management will also host meetings with institutional investors at the conference. Interested parties may access a live audio webcast of the fireside chat at h ...

David Baileys PENN Entertainment, Inc. (NASDAQ:PENN) took another beating after the company's Q4 earnings report missed expectations. For long-suffering investors in the stock, it was another disappointment- with the cash flow from the company's profitable casino assets overwhelmed yet again by losses in speculative business ventures and acquisitions. PENN bet big on ESPN BET, and while the company saw a ton of downloads and bet activity, their profits weren't quite as expected, and the state-by-state rollo ...