PENN Entertainment reported $32.6 million in consolidated net income for the third quarter, reversing a year-earlier consolidated loss as revenue and adjusted earnings increased, according to its Nov. 5 earnings release.
Revenue for the quarter ended Sept. 30 reached $1.84 billion, up from $1.7173 billion in the same period of 2025. Diluted earnings were 24 cents a share, compared with a loss of $6.03 per share. PENN reported Consolidated Adjusted EBITDA, a non-GAAP measure, of $284 million, versus $194.9 million a year earlier.
The release separately lists $33 million in net income attributable to PENN Entertainment, Inc., compared with an attributable loss of $864.6 million in 2025. The consolidated figures for those periods were net income of $32.6 million and a net loss of $865.1 million, respectively.
The prior-year comparison includes $825 million in impairment charges for the Interactive segment. In the latest quarter, Interactive recorded $348.4 million in revenue, including a $191.4 million tax gross-up, and an adjusted EBITDA loss of $18.3 million. Its loss was $76.6 million a year earlier.
PENN's Retail segment generated $1.5 billion in revenue and $501.8 million in Segment Adjusted EBITDAR, with a 33.7% margin. PENN excludes triple-net lease rent expense from Segment Adjusted EBITDAR. PENN attributed Retail strength to same-store growth and completed development projects, and said its Retail Segment Adjusted EBITDAR margin rose year over year for a third consecutive quarter.
The U.S. Securities and Exchange Commission (SEC) index records the Form 8-K filing under accession number 0000921738-26-000026, dated Nov. 5. It lists Items 2.02, covering results of operations and financial condition, and 9.01, covering financial statements and exhibits. The submission contains 13 documents, including the 8-K and the earnings-release exhibit.
