Penn Entertainment Inc. posts $864.6 million net loss for third quarter
Penn Entertainment Inc. reported third quarter 2025 gaming revenues of $1,325.2 million, up from $1,288.0 million in the same period of 2024. For the nine months ended September 30, 2025, gaming revenues reached $3,991.2 million compared to $3,878.6 million in 2024. The company announced a realignment of its digital focus following a mutual agreement with ESPN Inc. to terminate their U.S. online sports betting agreement, with marketing exclusivity ending December 1, 2025, and cash payments to ESPN concluding at the end of the fourth quarter of 2025. The results include impairment charges of $15.0 million in the Midwest segment and $825.0 million in the Interactive segment.
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