Penn Shares Jump After Strong Q4 Results

Penn Entertainment’s stock rose sharply on Thursday as the company announced its fourth‑quarter earnings. The report showed a surprise profit, with adjusted earnings per share at 7 cents versus analysts’ expectation of a 5‑cent loss. Revenue also beat estimates, reaching $1. 80 billion against a forecast of $1. 76 billion.The company’s retail gaming division generated $1. 4 billion in sales, while the interactive segment—comprising online casino and sportsbook offerings—posted $398. 7 million. CEO Jay Snowden highlighted that the interactive division set a new record, thanks to growth in its Hollywood iCasino product and stronger cross‑selling of sports betting. Liquidity at year’s end stood at $1. 1 billion, with $686. 6 million in cash and equivalents. Traditional net debt was reported at $2. 2 billion, indicating a solid balance sheet. The market reaction was immediate: Penn shares were trading about 10. 45 % higher at $13. 85 when the data was released.