Penn Entertainment Reports Record Third-Quarter Revenue

Penn Entertainment released its third-quarter financial results on Thursday morning. The company's revenue reached a record $1.5 billion. Adjusted EBITDAR came in at $501.8 million, and the segment adjusted EBITDAR margin was 33.7%.

A company executive highlighted that retail segment adjusted EBITDAR showed a strong year-over-year increase in the third-quarter results. The statement said progress toward interactive profitability continued and that debt on the balance sheet was reduced further.