UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 23-2 ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q2 2023 Results Conference Call August 9, 2023 9:00 AM ET Company Participants Joe Jaffoni - IR Jay Snowden - CEO Felicia Hendrix - CFO Todd George - Head of Operations Chris Rogers - EVP, Chief Strategy Officer Conference Call Participants Barry Jonas - Truist Securities Carlo Santarelli - Deutsche Bank Bernie McTernan - Needham & Company Chad Beynon - Macquarie Joe Greff - JPMorgan Ryan Sigdahl - Craig-Hallum Capital Shaun Kelley - Bank of America Steve Wieczynski - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 23-223447 ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Jay Snowden - Chief Executive Officer Felicia Hendrix - Chief Financial Officer Todd George - Head, Operations Erika Ayers - Chief Executive Officer, Barstool Sports Joe Jaffoni - Investor Relations Conference Call Participants Barry Jonas - Truist Securities Omar Sander - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Chad Beynon - Macquarie Ryan Sigdahl - Craig Hall ...

FIRST QUARTER 2023 EARNINGS PRESENTATION May 4, 2023 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions of futu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-24206 PENN Entertainment, Inc. (Exact name of registrant as specified in its charter) Pennsylvania 23-22344 ...

公司风险 - 公司的业务对经济衰退和其他无法控制的因素导致的消费者离散支出减少敏感[46] - 公司的运营结果可能因季节性和其他因素波动，周期性的运营结果不能保证未来表现[46] - 公司的预测受到重大风险、假设、估计和不确定性的影响，包括对未来立法和法规变化的假设，可能与预期有很大不同[47] - 公司的业务和运营可能会受到流行病、大流行病和其他不利公共卫生事件的不利影响，包括COVID-19[78] - 公司的运营和成功在很大程度上取决于管理层和关键人员的技能和经验[81] - 公司竞争对手众多，员工流失、效率低下和内部控制失败可能会导致负面影响[82] - 公司需避免侵犯他人知识产权，可能面临知识产权侵权诉讼[86] - 公司需管理并整合收购的业务，可能面临挑战和困难[88] - 极端天气条件可能中断公司运营并影响财务状况[90] - 公司的信息技术和其他系统面临网络安全风险，尤其是随着互动业务的增长[96] - 公司可能面临赌博行业的交易、风险管理和定价风险[101] - 公司的负债可能会对财务状况产生不利影响[104] - 公司可能需要通过运营现金流、借款或股权或债务融资来扩张，可能面临融资困难[105] - 公司受到广泛的州、省和地方监管，监管机构有权限制、暂停、不予续许可或吊销营运执照[108] - 新兴技术领域的法律可能会对公司经营造成额外负担，监管机构对新兴法律的解释和执行可能不一致[109] - 公司必须遵守银行保密法，报告超过10000美元的货币交易，还需报告可疑活动[111] - 公司需遵守环境法律，可能面临环境责任和成本[115] - 公司需支付大量税费，政府可能提出增加赌博税收的建议[118] 公司运营 - 公司依赖版权、商标、商业秘密等措施保护知识产权[85] - 公司商业成功取决于开发新技术和产品，并成功获得或收购知识产权保护[85] - 公司依赖第三方支付处理器处理用户存款和提款，可能面临支付相关风险[90] - 公司需遵守支付卡网络和银行规则，违规可能导致罚款和影响运营[90] - 公司依赖第三方移动应用分发平台，关系良好对业务有利[91] - 公司依赖第三方地理定位和身份验证系统以确保符合与体育博彩和在线游戏服务相关的某些法律和法规[92] - 公司依赖第三方体育数据提供商获取体育赛事的实时和准确数据，如果这些第三方表现不佳或终止与公司的关系，公司的成本可能会增加[95] - 公司拓展新产品可能会分散管理层的注意力，对现有产品市场份额和用户支出造成负面影响[97] - 公司可能需要进行复杂且昂贵的销售和市场推广活动，但可能无法获得预期回报[100] - 公司的互动业务增长将取决于吸引和保留用户[99] 公司财务 - 公司2022年净利润率为3.5%，调整后EBITDAR率为30.3%，调整后EBITDA率为28.0%[2] - 公司2022年总营收较2021年增长8.4%，其中游戏营收增长5.2%，餐饮、酒店等营收增长25.0%[3] - 公司2022年总收入为21.3亿美元，较2021年增长100.9%[163] - 公司2022年调整后的EBITDAR为-97.6亿美元，较2021年-100.7亿美元有所改善[N/A] - 公司的主要收入来自游戏收入，主要由老虎机和桌面游戏以及在线赌博等组成，老虎机收入占比约为84%至87%[140] - 公司的关键绩效指标包括老虎机投注额、桌面游戏下注额和赢得百分比，这些指标对公司的净收入影响较小[141] - 公司的桌面游戏持有率相对稳定，变化不会对运营现金流产生重大影响[142] 公司业务 - 公司在2022年12月31日经营着20个州内的43个物业[131] - 公司拥有约2600万会员的mychoice客户忠诚计划[131] - 公司通过与GLPI签订的三重净主租约持有大部分房地产资产[131] - 公司通过收购Barstool Sports, Inc.和theScore等公司，加强了在零售赌博、iCasino和体育博彩产品领域的市场推广[133][135] - 公司通过与GLPI的交易，出售和租赁地产资产，以及进行多项收购和投资，加速了在零售和在线赌博、体育博彩娱乐领域的发展[134][136] - 公司通过实施资本支出计划、战略收购和投资、开发新的游戏场所等方式，继续扩大游戏业务[137] - 公司继续专注于从最近收购中获得的收入和成本协同效应，通过全渠道分销策略为客户提供更多游戏体验[139]

FOURTH QUARTER 2022 EARNINGS PRESENTATION February 2, 2023 FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "expects," "believes," "estimates," "projects," "intends," "plans," "goal," "seeks," "may," "will," "should," or "anticipates" or the negative or other variations of these or similar words, or by discussions o ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants Joe Jaffoni - Head, Investor Relations Jay Snowden - Chief Executive Officer Felicia Hendrix - Chief Financial Officer Todd George - Head, Operations Conference Call Participants Barry Jonas - Truist Securities Chad Beynon - Macquarie Shaun Kelley - Bank of America Joe Greff - JPMorgan Ryan Sigdahl - Craig Hallum Capital Bernie McTernan - Needham & Company Brandt Montour - Barclays John D ...

PENN Entertainment, Inc. (NASDAQ:PENN) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Joe Jaffoni – Investor Relations Jay Snowden – Chief Executive Officer Felicia Hendrix – Chief Financial Officer Todd George – Head-Operations Conference Call Participants Omer Sander – JPMorgan Shaun Kelley – Bank of America Barry Jonas – Truist Securities Steve Wieczynski – Stifel Ryan Sigdahl – Craig-Hallum Capital David Katz – Jefferies Jason Tilchen – Canaccord Genuity Bernie McTerna ...