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Penn Entertainment Q4 Earnings Highlights: Revenue Miss, EPS Miss, ESPN Bet's Impact
Thursday, February 15, 2024 - 11:31am | 929Casino and sports betting company PENN Entertainment (NASDAQ:PENN) reported fourth-quarter financial results Thursday before the market open. Here are the key highlights, including the early impact of ESPN Bet. What Happened: Penn reported fourth-quarter revenue of $1.4 billion, which missed a...
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ESPN Bet Is Coming To New York: What Penn Entertainment Investors, Sports Bettors Should Know
Tuesday, February 13, 2024 - 2:35pm | 570A leading casino and sports betting company acquired a mobile sports license for New York, giving it access to one of the key markets. What Happened: On Tuesday, PENN Entertainment (NASDAQ:PENN) purchased a New York mobile sports wagering license from Wynn Interactive, a unit of Wynn Resorts (...
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Penn Entertainment Q3 Earnings Highlights: Revenue Beat, ESPN Bet Set For Multi-State Launch
Thursday, November 2, 2023 - 10:21am | 695Casino and sports betting company PENN Entertainment (NASDAQ:PENN) announced third quarter financial results before the market opened Thursday. What Happened: Penn Entertainment reported third quarter revenue of $1.62 billion, which was down from last year's $1.625 billion. The revenue total came...
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Disney CEO Bob Iger Says ESPN Bet Had Multiple Suitors. Here's Why Penn Entertainment Won The Rights.
Thursday, August 10, 2023 - 2:11pm | 966The sports betting sector was rocked when PENN Entertainment (NASDAQ: PENN) said Tuesday it's partnering with The Walt Disney Company (NYSE: DIS) to launch an ESPN Bet-branded sportsbook in the fall. Both companies shared details on the partnership with their quarterly reports week....
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Dave Portnoy Is The Only 'Natural Owner' For Barstool Sports Long-Term, Says PENN CEO: 'This Is A Win-Win-Win'
Thursday, August 10, 2023 - 1:51am | 467“Mad Money” host Jim Cramer sat down with PENN Entertainment (NASDAQ:PENN) President and CEO Jay Snowden on Wednesday to talk about the company’s new partnership with ESPN and the divestiture of Barstool Sports back to its founder Dave...
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Dave Portnoy Welcomes Back Full Ownership Of Barstool Sports, Calls Penn-ESPN Deal Win-Win: 'I Am Never Going To Sell'
Wednesday, August 9, 2023 - 12:36pm | 1145The PENN Entertainment (NASDAQ: PENN) partnership with sports media company ESPN includes the divestiture of Barstool Sports, returning the company to its founder Dave Portnoy. Penn is selling 100% of Barstool Sports back to Portnoy in exchange for “certain...
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Penn Entertainment Analysts On 'Landscape-Changing' Sports Betting Deal With ESPN: 'This Move Makes Sense'
Wednesday, August 9, 2023 - 11:27am | 1255PENN Entertainment (NASDAQ: PENN) stock jumped after the market close Tuesday after the company unveiled a partnership with sports media company ESPN, second-quarter earnings and the divestiture of Barstool Sports. Here’s a look at what analysts are saying about Penn and its competitors...
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PENN Entertainment Q2 Earnings Preview: Earnings Estimates, Analyst Targets, And Key Metrics To Watch
Tuesday, August 8, 2023 - 2:08pm | 822Sports betting and casino operator PENN Entertainment (NASDAQ: PENN) is set to report second quarter financial results before the market opens Wednesday. Here’s a look at the key estimates and details to watch. Earnings Estimates: PENN Entertainment is expected to report second quarter...
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Is Barstool Sportsbook PENN's Ace In The Hole, Or A Risky Bet?
Wednesday, May 17, 2023 - 12:06pm | 637Needham & Co is hosting its Annual Needham Technology & Media (TMT) Conference this week and shared their thoughts with investors on PENN Entertainment Inc's (NASDAQ:PENN) Barstool Sportsbook, and where they expect the stock to go from current levels. The event featured a fireside chat with...
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The Barstool Effect: Penn National Rebrands With Larger Focus On Media, Non-Casino Business
Thursday, August 4, 2022 - 10:22am | 675Casino, sports betting and media company Penn National Gaming (NASDAQ: PENN) announced second quarter financial results before the market opened Thursday. The Wyomissing, Pennsylvania-based company also announced a new name to better align with its future growth, following acquisitions of theScore...
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Penn National Gaming Q1 Earnings Highlights: Revenue Beat, Guidance Raise, Barstool Sports And Canada Opportunities
Thursday, May 5, 2022 - 10:32am | 633Casino and sports betting operator Penn National Gaming (NASDAQ: PENN) reported first-quarter earnings Thursday morning. Here are the key highlights for investors. What Happened: Penn National reported first-quarter revenue of $1.56 billion, up 22.7% year-over-year. The total came in ahead of...
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Pardon My Cheesesteak? Barstool Sports Trademarks For New Restaurant: Here Are The Details
Monday, April 18, 2022 - 4:09pm | 689A sports media company has filed a trademark for a restaurant brand. Here’s the latest. What Happened: Sports fans familiar with Barstool Sports and its founder Dave Portnoy have grown accustomed to getting reviews of pizzas with his popular “One Bite” reviews. Barstool Sports...
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Penn National Q4 Earnings Highlights: Revenue Beat, Share Buyback, 2022 Guidance And Barstool Sports Update
Thursday, February 3, 2022 - 10:48am | 604Casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) reported fourth-quarter and full fiscal year earnings Thursday. Here are the highlights. What Happened: Fourth-quarter revenue for Penn National Gaming was $1.6 billion, beating a Street consensus estimate of $1.5 billion,...
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What's Going On With DraftKings Stock Today?
Thursday, November 4, 2021 - 12:20pm | 364DraftKings Inc (NASDAQ: DKNG) is trading lower in sympathy with Penn National Gaming Inc (NASDAQ: PENN) after the company announced its third-quarter financial results. Penn National Gaming reported quarterly earnings of 52 cents per share, which is down from 93 cents per share year-over-year...
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Penn National Q3 Earnings Highlights: Revenue Beat, Barstool Sportsbook In 10 States, Omnichannel Growth
Thursday, November 4, 2021 - 9:15am | 503Regional casino and sports betting company Penn National Gaming Inc (NASDAQ: PENN) announced third-quarter financial results before market open Thursday. Here are the highlights from the report. What Happened: Penn National Gaming reported revenue of $1.5 billion, coming in line with Street...