Penn Entertainment has released its financial results for the second quarter of 2025, reporting revenue growth of 6.1% year-on-year to $1.77 billion.
The company’s performance was anchored by its extensive land-based operations, which include 42 retail properties and contributed $1.4 billion to the total revenue.
This segment saw stable 1% growth, with CEO and President Jay Snowden noting that properties not impacted by new local competition grew revenue by nearly 4%. He also highlighted positive trends in omnichannel engagement, with online-to-retail player count and theoretical revenue growing by 8% and 28%, respectively.
The company’s performance was anchored by its extensive land-based operations, which include 42 retail properties and contributed $1.4 billion to the total revenue.
This segment saw stable 1% growth, with CEO and President Jay Snowden noting that properties not impacted by new local competition grew revenue by nearly 4%.
He also highlighted positive trends in omnichannel engagement, with online-to-retail player count and theoretical revenue growing by 8% and 28%, respectively.
The company’s Interactive segment, which covers all iGaming and sports betting operations including ESPN Bet, remains a key focus for investors. Interactive revenue grew by an impressive 35.9% to $316.1 million.
However, the division still posted an Adjusted EBITDA loss of $62 million. While still in the red, this marked a significant 39.7% improvement compared to the same period last year, signaling progress on the path to profitability.
Monthly Average Users (MAUs) for the segment were down 13% from the previous quarter but up 4.7% year-on-year, showing a volatile but gradually stabilizing trend following the ESPN Bet launch.
In his remarks, Snowden emphasized the company’s focus on operational discipline, which contributed to another quarter of strong year-over-year flow-through.
He noted that strategic workforce adjustments, including recent redundancies at theScore, are part of a plan to drive efficiencies and support a scalable technology infrastructure.
The company is also continuing its retail expansion, with the new land-based Hollywood Casino Joliet set to open in August.
While the Interactive segment’s profitability remains under scrutiny, the combination of a stable retail foundation and improving digital metrics suggests Penn Entertainment is making calculated strides in its long-term strategy.
