PENN Entertainment Reports Q2 Profit as Revenue Rises and Debt Falls
PENN Entertainment flipped to second-quarter profit, with revenue rising to $1.86 billion and Adjusted EBITDA increasing to $312.6 million. Diluted EPS was $0.24. Liquidity totaled $1.9 billion and capital expenditures fell to $97.5 million. PENN repaid $106.7 million of convertible notes, while Interactive results improved despite an EBITDA loss.