Penn National GAAP EPS of $0.72 beats by $0.37, revenue of $1.6B beats by $20M, reaffirms FY guidance
- Penn National press release (NASDAQ:PENN): Q3 GAAP EPS of $0.72 beats by $0.37.
- Revenue of $1.6B (+6.0% Y/Y) beats by $20M.
- Adjusted EBITDAR of $471.9 million, a decrease of 1.7% year-over-year;
- Adjusted EBITDA of $440.4 million, an increase of 20.9% year-over-year; and
- Adjusted EBITDAR margins of 29.0%, a decline of 273bps year-over-year.
- we are reiterating our 2022 revenue and Adjusted EBITDAR guidance range of $6.15 billion to $6.55 billion (vs. consensus $6.36B) and $1.875 billion to $2.00 billion, respectively