Penn Entertainment reports Q4 adjusted EPS 7c, consensus (16c)

Reports Q4 revenue $1.81B, consensus $1.76B. Jay Snowden, CEO and president, said: “PENN‘s diversified retail portfolio delivered a solid quarter during which retail adjusted EBITDAR grew year-over-year, after adjusting for poor weather in December. In our Interactive segment, we successfully rebranded our U.S. online sportsbook to theScore Bet(R) and achieved positive adjusted EBITDA in December driven by iCasino momentum, disciplined cost management, and strong online sports betting hold rates.