Filing Flows › Penn Entertainment (PENN) › Q3 2026
Penn Entertainment (PENN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Penn Entertainment (PENN) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +7% from a year earlier and -0.9% from the quarter before. Operating margin was 6.9%, net earnings $32.6M (1.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -0.9% | +7% |
| Operating profit | $127M | -3% | — |
| Net earnings | $32.6M | 0% | — |
| Operating cash flow | $263M | +9% | +46% |
| Free cash flow | $204M | +42% | 25× |
What changed
Revenue was $1.8B in Q3 2026, up 7% year over year and down 1% from the previous quarter. Gaming was the largest line at 75% of revenue. Other added $0.06B year over year (up 26%), 45% of the total change.
Operating profit was $0.13B, a 6.9% margin (up 52.1 points year over year). Total costs fell 31% while revenue rose 7%. Net earnings were $0.03B. The effective tax rate was 5.0%.
Operating cash flow was $0.26B (up 46% year over year), 808% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.06B left free cash flow of $0.20B.
Questions
What was Penn Entertainment's revenue in the third quarter 2026?
Penn Entertainment (PENN) reported revenue of $1.8B for the third quarter 2026 (Q3 2026), +7% from a year earlier and -0.9% from the quarter before.
Was Penn Entertainment profitable in the third quarter 2026?
Operating profit was $127M (6.9% of revenue) and net earnings $32.6M.
Source: Penn Entertainment 10-Q on SEC EDGAR.