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PENN Entertainment, Inc. Reports Fourth Quarter Results

1. PENN reports 3% revenue growth in Q4 despite sports betting challenges. 2. CEO highlights strong performance from properties unaffected by new supply.

Earnings
+2.47%Current Return
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-1.64%S&P 500
$20.4102/27 07:20 AM EDTEvent Start
$20.91502/28 02:08 PM EDTLatest Updated
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FAQ

Why Bullish?

The 3% growth indicates resilience, comparable to past quarters where positive earnings announcements boosted investor confidence, such as Q3 2023.

How important is it?

Strong revenue growth in a challenging environment may attract investor interest, boosting sentiment around PENN.

Why Short Term?

Immediate market reactions to quarterly financial results typically influence stock prices within weeks, as seen in prior quarterly earnings reports.

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WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the quarter and year ended December 31, 2024. Jay Snowden, Chief Executive Officer and President, said: “PENN's fourth quarter property-level operating results reflect solid performance, as properties not impacted by new supply generated nearly 3% year-over-year revenue growth. Despite well-known, customer friendly sports betting outcomes during the quarter, o.

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