Filing Flows › Penn Entertainment (PENN) › Q3 2026 › vs Q3 2025
Penn Entertainment (PENN) Q3 2026 vs Q3 2025 (year over year)
Penn Entertainment's revenue rose $123M (+7%) from $1.7B in Q3 2025 to $1.8B in Q3 2026. The biggest changes: Food, beverage, hotel, and other +$76.7M (+20%); Gaming +$46.0M (+3%). Operating margin 6.9% against -45.2% (+52.1 pts).
Penn Entertainment, Q3 2026: revenue $1.8B (+7% year over year), operating margin 6.9%, net earnings $32.6M, operating cash flow $263M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.9% | -45.2% | +52.1 pts |
| Net margin | 1.8% | -50.4% | +52.1 pts |
| Free cash flow margin | 11.1% | 0.5% | +10.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Other | $270M | $215M | $55.3M | +26% |
| Food and beverage | $119M | $111M | $8.2M | +7% |
| Hotel | $79.6M | $66.4M | $13.2M | +20% |
| Food, beverage, hotel, and other | $469M | $392M | $76.7M | +20% |
| Gaming | $1.4B | $1.3B | $46.0M | +3% |
| Revenue | $1.8B | $1.7B | $123M | +7% |
| Operating profit | $127M | −$776M | $904M | — |
| Costs & expenses | $1.7B | $2.5B | −$781M | -31% |
| Pre-tax earnings | $34.3M | −$860M | $894M | — |
| Other expense, net | $93.0M | $83.4M | $9.6M | +12% |
| Sales & marketing | $52.8M | $85.1M | −$32.3M | -38% |
| General & admin | $420M | $418M | $2.5M | +0.6% |
| Other operating costs | $1.2B | $2.0B | −$751M | -38% |
| Net earnings | $32.6M | −$865M | $898M | — |
| Income tax | $1.7M | $5.3M | −$3.6M | -68% |
| Depreciation & amortization | $124M | $114M | $9.6M | +8% |
| Share-based compensation | $15.6M | $16.8M | −$1.2M | -7% |
| Working capital & other | $91.3M | $915M | −$824M | -90% |
| Operating cash flow | $263M | $181M | $82.4M | +46% |
| Free cash flow (OCF − capex) | $204M | $8.2M | $196M | 25× |
| Capital expenditures | $59.2M | $173M | −$114M | -66% |
Questions
How much did Penn Entertainment's revenue grow year over year in Q3 2026?
Penn Entertainment's revenue rose $123M (+7%) from $1.7B in Q3 2025 to $1.8B in Q3 2026.
What drove Penn Entertainment's revenue change in Q3 2026?
Food, beverage, hotel, and other +$76.7M (+20%); Gaming +$46.0M (+3%).