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PENN Entertainment slips to loss as Q4 revenue falls 12%

15th February 2024 1:59 pm GMT

PENN Entertainment has reported a 1 per cent drop in revenue to $6.36 billion for the full 2023 year, as revenue in the final quarter of the year fell by 12 per cent.

Revenue in Q4 declined to $1.40 billion, comprising revenue of $1.37 billion from the company’s retail properties, and $31.5 million from Interactive after including a tax gross-up of $107.0 million.

Q4 and Full Year 2023 Revenue Comparison (US$)

“PENN delivered another quarter of solid property [...]

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