Filing Flows › Penn Entertainment (PENN) › Q1 2026
Penn Entertainment (PENN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Penn Entertainment (PENN) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before. Operating margin was 5.5%, net loss $2.8M (0.2% of revenue).
Penn Entertainment, Q1 2026: revenue $1.8B (+6% year over year), operating margin 5.5%, net loss $2.8M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -2% | +6% |
| Operating profit | $97.1M | — | +127% |
| Net earnings | −$2.8M | — | -103% |
| Operating cash flow | $122M | +14% | +192% |
| Free cash flow | $27.8M | — | — |
What changed
Revenue was $1.8B in Q1 2026, up 6% year over year and down 2% from the previous quarter. Gaming was the largest line at 75% of revenue. Other added $0.06B year over year (up 28%), 55% of the total change.
Operating profit was $0.10B, a 5.5% margin (up 2.9 points year over year). Of the extra revenue versus Q1 2025, 51% reached operating profit, above the 3% margin then. Total costs grew 3% against revenue growth of 6%. The quarter ended with a net loss of $2.8M, narrower than the previous quarter's $0.07B loss. Net interest and other expense of $0.09B was the main reason.
Operating cash flow was $0.12B (up 192% year over year). Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.09B left free cash flow of $0.03B.
Questions
What was Penn Entertainment's revenue in the first quarter 2026?
Penn Entertainment (PENN) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -2% from the quarter before.
Was Penn Entertainment profitable in the first quarter 2026?
Operating profit was $97.1M (5.5% of revenue) and net loss $2.8M.
Source: Penn Entertainment 10-Q on SEC EDGAR.