)
Edge3 Oct 2025
Epiroc: A Culture of Moving Mountains
From automation to electrification, Swedish industrial giant Epiroc is leading a transformation in how the world mines.
PENN Entertainment (PENN) investor relations material
PENN Entertainment Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary7 Aug, 2025
Executive summary
Delivered solid Q2 results with stable customer demand and growth in both retail and interactive segments, including record online sports betting and iCasino revenue driven by product enhancements and omnichannel engagement.
Retail properties not impacted by new supply grew revenue 4% year-over-year, with positive trends in visitation and spend per visit.
Interactive segment achieved record gaming revenue and strong year-over-year improvements in adjusted revenue and EBITDA, but reported an adjusted EBITDA loss due to tech investments.
Major product enhancements and ESPN integrations, including the upcoming Fan Center, are expected to drive further engagement.
Four major development projects are on schedule and on budget, with Hollywood Casino Joliet opening ahead of schedule.
Financial highlights
Q2 2025 revenues rose 6.1% year-over-year to $1.77B; net loss narrowed to $18.3M from $27.1M; adjusted EBITDAR was $392.1M with a margin of 33.8%.
Interactive segment Q2 adjusted revenues were $178M, with an adjusted EBITDA loss of $62M, showing a $41M year-over-year improvement.
$115.3M in share repurchases year-to-date, targeting at least $350M for 2025.
Capital expenditures for the first half of 2025 totaled $129.6M; $159M CapEx in Q2, with $100M for development projects.
Ended Q2 with $1.2B in liquidity, including $672M in cash and equivalents; traditional net debt was $2.15B.
Outlook and guidance
2025 retail guidance remains unchanged; new Joliet property opening is now included.
Interactive segment expected to show sequential adjusted EBITDA improvement in Q3 and Q4, with Q4 inflecting positive.
Updated 2025 Interactive guidance reflects $10M in incremental costs for Missouri OSB launch and tax increases in four states.
Forecasting OSB handle market share (ex-NY) of 3.4% in Q3 and 4% in Q4; iCasino GGR share of 3% in Q3 and 3.2% in Q4.
Management expects operating cash flow, cash on hand, and credit facilities to be sufficient for foreseeable obligations.
Explain the strategic workforce adjustments.
Assess the impact of Note Repurchase Transaction.
How does FanCenter leverage the ESPN ecosystem?
How will ESPN's DTC launch impact ESPN BET?
Assess sustainability of retail's 4% growth.
Detail drivers behind Interactive's $200M loss.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next PENN Entertainment earnings date
Q3 20256 Nov, 2025
LIVEat 14:00
Next PENN Entertainment earnings date
Q3 20256 Nov, 2025
LIVEat 14:00
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Company Research22 Sep 2025
Moody's: Shaping Global Credit
Explore Moody's evolution from publishing manuals to becoming a giant in credit ratings, guiding issuers, investors, and regulators worldwide.
)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
Frequently asked questions
Hitting the jackpot
Penn National Gaming, Inc. (PENN) is a prominent gaming company that operates and manages various casinos, racing facilities, and online gaming platforms. The company offers a diverse range of gaming options, including slot machines, table games, poker, sports betting, and online casino games. Penn National Gaming aims to provide an entertaining and immersive gaming experience for its customers, whether they prefer in-person gaming at its properties or online gaming from the comfort of their homes.
The main business segments
Penn National Gaming operates through three main business segments: Northeast, South, and West. The Northeast segment includes properties located in states such as Pennsylvania, Massachusetts, and Ohio. The South segment encompasses properties in states like Louisiana, Mississippi, and Kansas. The West segment includes properties in Colorado, Nevada, and other western states. Through these segments, Penn National Gaming caters to diverse regional markets and regulatory environments, adapting its offerings to meet local preferences and regulations.
Presence all over the U.S.
Penn National Gaming has a significant presence in the gaming industry, with over 40 properties across the United States. The company's properties range from large destination resorts to smaller regional casinos, offering a variety of gaming experiences for different types of customers.
In addition to its land-based casinos, Penn National Gaming has expanded its reach in the online gaming space. The company operates online sports betting and online casino platforms, allowing customers to enjoy their favorite games and place bets from their computers or mobile devices. This strategic move into online gaming has enabled Penn National Gaming to tap into the growing digital gaming market and reach a broader customer base.
Penn National Gaming faces competition from other notable players in the gaming and entertainment industry. Three public competitors include Caesars Entertainment Inc., MGM Resorts International, and Boyd Gaming Corporation. These companies also operate a range of casinos and gaming properties, competing for market share in various regions.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage