Q1 2022 demand trends continue in Q2 2022 to date. Rational and stable marketing and promotional environment in most markets leading to lower company-wide reinvestment rates and Older core demographics are re-engaging with increased visitation levels and spend per guest Strong Property Level Performance Across all Segments Supported by Active Database Growth Based on the strength of our first quarter performance and our outlook for the remainder of the year, we are increasing our prior 2022 revenue and Adjusted EBITDAR guidance range to $6.15 billion to $6.55 billion and $1.875 billion to $2.00 billion, respectively. We are also driving momentum at our Interactive Segment with ongoing sports betting and iCasino growth in the U.S., and the successful launch of mobile sports betting and iCasino in Ontario on April 4th on theScore’s proprietary player account management system (“PAM”) and bonusing engine. We are growing our active my choice ® database and are seeing early benefits from our technology investments. These results reflect our continued progress in meeting our strategic objectives. Jay Snowden, President and Chief Executive Officer, commented: “Penn National Gaming generated record first quarter results with revenues of $1.56 billion and Adjusted EBITDAR of $494.7 million.

Adjusted EBITDAR margins of 31.6%, a decline of 344bps year-over-year.įor further information, the Company has posted a presentation to its website regarding the first quarter highlights and accomplishments, which can be found here.

Adjusted EBITDA of $434.6 million, an increase of 29.1% year-over-year and.

Adjusted EBITDAR of $494.7 million, an increase of 10.7% year-over-year.

Net income of $51.6 and net income margin of 3.3%, as compared to net income of $90.9 million and net income margin of 7.1% in the prior year.

Revenues of $1.56 billion, an increase of 22.7% year-over-year.

(Nasdaq: PENN) (“Penn” or the “Company”) today reported financial results for the three months ended March 31, 2022. WYOMISSING, Pa.-(BUSINESS WIRE)-May 5, 2022. Repurchased $175.1 Million of Common Stock Under Share Repurchase Authorization Raising 2022 Full Year Revenue and Adjusted EBITDAR Guidance Interactive Segment Continues to Deliver Disciplined Growth, Highlighted by the Successful Launch of the Barstool Sportsbook in Louisiana and theScore Bet in Ontario Retail Operations Benefitting from Strong Volumes and Meaningful Database Growth

Penn national gaming casino