PENN Entertainment, Inc. (PENN)

PENN Entertainment's stock price has declined over the past year. Key events impacting PENN's stock include strong Q1 2025 results, solid retail property performance in Q2 2025, and the termination of the ESPN alliance. Gaming revenues and Adjusted EBITDA in the Interactive segment were below expectations in Q3 2025, but the North America iCasino business achieved its highest quarterly gaming revenue to date. PENN extended its agreement with Kambi Group for its retail sportsbook platform until July 31, 2027. Concerns over worsening trade relations with China led to a decline in leisure industry stocks, including PENN. PENN repurchased $354.4 million of shares through November 5, 2025, and the Board authorized a new $750 million share repurchase program starting January 1, 2026.

Demand for casino gaming and hospitality services can be influenced by holidays, vacation seasons, and local events. The interactive segment, particularly sports betting, would likely experience seasonality tied to major sports leagues and events. The company's focus on product enhancements and an omnichannel strategy aims to drive customer engagement and retention across both retail and digital platforms.

PENN Entertainment, Inc. is an American entertainment company specializing in integrated entertainment, sports content, and casino gaming experiences, operating within the Consumer Cyclical sector. The company has 43 properties across 20 states in the U.S. and a significant online presence in sports betting and iCasino across 18 and five jurisdictions, respectively. PENN's offerings include casino gaming, sports betting, and online gaming platforms under brands like Hollywood Casino and ESPN BET. In 2024, land-based casinos accounted for 85% of total sales, while the interactive segment contributed 15%. The company also operates the PENN Play customer loyalty program.

PENN Entertainment primarily operates within North America, with its headquarters in Wyomissing, Pennsylvania. The company manages over 43 properties across 20 states in the United States. Its digital platforms extend its reach to 18 U.S. jurisdictions for sports betting and five for iCasino, as well as into Canada through theScore Bet and Casino.

PENN Entertainment has received recognition for its workplace and corporate responsibility efforts, including being named one of "America's Greatest Workplaces for Diversity" by Newsweek magazine and an "America's Best Large Employer" by Forbes. However, the Barstool Sportsbook divestiture, ESPN BET performance and alliance termination, and activist investor activity have likely impacted its brand perception.

PENN Entertainment's ownership structure is primarily institutional, with institutional investors holding approximately 82.9% to 88.6% of the company's shares. Major institutional owners include BlackRock, Inc., and Vanguard Group Inc. Individual insiders hold about 1.45% to 1.58% of the shares.