Filing Flows › Penn Entertainment (PENN) › Q2 2026 › vs Q1 2026
Penn Entertainment (PENN) Q2 2026 vs Q1 2026 (quarter over quarter)
Penn Entertainment's revenue rose $78.3M (+4%) from $1.8B in Q1 2026 to $1.9B in Q2 2026. The biggest changes: Gaming +$62.2M (+5%); Food, beverage, hotel, and other +$16.1M (+4%). Operating margin 7.1% against 5.5% (+1.6 pts).
Penn Entertainment, Q2 2026: revenue $1.9B (+5% year over year), operating margin 7.1%, net earnings $32.6M, operating cash flow $241M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.1% | 5.5% | +1.6 pts |
| Net margin | 1.8% | -0.2% | +1.9 pts |
| Free cash flow margin | 7.7% | 1.6% | +6.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Other | $271M | $266M | $4.5M | +2% |
| Food and beverage | $117M | $116M | $1.5M | +1% |
| Hotel | $72.8M | $62.7M | $10.1M | +16% |
| Food, beverage, hotel, and other | $461M | $445M | $16.1M | +4% |
| Gaming | $1.4B | $1.3B | $62.2M | +5% |
| Revenue | $1.9B | $1.8B | $78.3M | +4% |
| Operating profit | $132M | $97.1M | $34.6M | +36% |
| Costs & expenses | $1.7B | $1.7B | $43.7M | +3% |
| Pre-tax earnings | $39.7M | $5.9M | $33.8M | +573% |
| Other expense, net | $92.0M | $91.2M | $800K | +0.9% |
| Sales & marketing | $42.8M | $40.6M | $2.2M | +5% |
| General & admin | $441M | $428M | $13.3M | +3% |
| Other operating costs | $1.2B | $1.2B | $28.2M | +2% |
| Net earnings | $32.6M | −$2.8M | $35.4M | — |
| Income tax | $7.1M | $8.7M | −$1.6M | -18% |
| Depreciation & amortization | $118M | $117M | $800K | +0.7% |
| Share-based compensation | $17.4M | $14.1M | $3.3M | +23% |
| Working capital & other | $72.9M | −$5.9M | $78.8M | — |
| Operating cash flow | $241M | $122M | $118M | +97% |
| Free cash flow (OCF − capex) | $143M | $27.8M | $116M | +415% |
| Capital expenditures | $97.4M | $94.6M | $2.8M | +3% |
Questions
How much did Penn Entertainment's revenue grow quarter over quarter in Q2 2026?
Penn Entertainment's revenue rose $78.3M (+4%) from $1.8B in Q1 2026 to $1.9B in Q2 2026.
What drove Penn Entertainment's revenue change in Q2 2026?
Gaming +$62.2M (+5%); Food, beverage, hotel, and other +$16.1M (+4%).