PENN

EX-99.1

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EX-99.1

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Exhibit 99.1

PENN Entertainment, Inc. Reports Third Quarter Results

WYOMISSING, PA (November 5, 2026) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2026.

Jay Snowden, Chief Executive Officer and President, said: “PENN’s third quarter results were highlighted by strong year-over-year growth in Retail Segment Adjusted EBITDAR, continued progress toward Interactive profitability, and further balance sheet deleveraging. Our Retail segment achieved record third quarter revenue, reflecting broad-based strength across the portfolio, including our completed development projects. Sustained revenue growth in U.S. standalone Hollywood iCasino and Canada, together with operational discipline, reinforces our confidence in achieving our full-year Adjusted EBITDA target in our Interactive segment. Importantly, the healthy operating trends we experienced across both our Retail and Interactive segments continued through October.”

Third Quarter Retail Segment Highlights1:

•Revenues of $1.5 billion

•Segment Adjusted EBITDAR of $501.8 million; and

•Segment Adjusted EBITDAR margins of 33.7%.

“Our Retail segment delivered better than expected revenue and Adjusted EBITDAR results, driven by same-store growth and contributions from our completed development projects,” said Mr. Snowden. “Property-level performance was supported by increases in rated revenue and spend per visit across all age segments, meaningful contributions from mid- and high-worth customers, and continued growth in unrated revenue. For the third consecutive quarter, Segment Adjusted EBITDAR margins improved year-over-year. We believe the returns we are generating from investments in our portfolio highlight the opportunity across our remaining development pipeline and position us well for future growth.”

1 Retail Segment consists of retail operating segments which are composed of our Northeast, South, West, and Midwest reportable segments.

Third Quarter Interactive Segment Highlights:

•Revenues of $348.4 million (including tax gross-up of $191.4 million); and

•Adjusted EBITDA loss of $18.3 million.

“Adjusted EBITDA in our Interactive segment improved meaningfully year-over-year, reflecting continued execution against our plan to achieve profitability. U.S. iCasino revenue growth was driven by the strength of standalone Hollywood iCasino, supported by efficient user acquisition and reinvestment. In Ontario, increased users and revenue per user contributed to revenue growth across both iCasino and online sports betting (“OSB”) as we continue to reinvest in one of our most attractive jurisdictions. We are also pleased with the early performance of our Alberta iCasino and OSB operations, which further expand our Canadian presence. These encouraging trends reinforce our strategic focus on U.S. iCasino and Canada as key drivers of profitable growth,” concluded Mr. Snowden.

Liquidity and Financial Position

Total liquidity as of September 30, 2026 was $2.0 billion, including $1.0 billion of cash and cash equivalents. Traditional net debt as of September 30, 2026 was $1.8 billion.

2

Summary of Third Quarter Results

For the three months ended September 30,

(in millions, except per share data, unaudited)20262025

Revenues$1,840.0 $1,717.3

Net income (loss)$32.6 $(865.1)

Consolidated Adjusted EBITDA (1) $284.0 $194.9

Rent expense associated with triple net operating leases (2) $167.9 $158.1

Cash payments to our REIT Landlords under Triple Net Leases (3) $251.8 $241.9

Diluted earnings (loss) per common share$0.24 $(6.03)

(1)For more information, definitions, and reconciliations see the “Non-GAAP Financial Measures” section below.

(2)Consists of the operating lease components of (i) our triple net master lease dated November 1, 2013 with Gaming and Leisure Properties, Inc. (Nasdaq: GLPI) (“GLPI”), as amended and restated effective January 1, 2023 (the “AR PENN Master Lease”), (ii) our triple net master lease entered into in conjunction with, and coterminous with, the AR PENN Master Lease (the “2023 Master Lease”), and (iii) our triple net master lease dated December 4, 2025 with VICI Properties Inc. (NYSE: VICI) (“VICI”) for the real estate assets used in the operations of Margaritaville Resort Casino and Hollywood Casino at Greektown (the “VICI Master Lease”), which replaced the Company’s prior separate triple net leases with VICI for such properties. Collectively these arrangements are referred to as our “triple net operating leases.” The expenses related to operating lease components contained within our triple net operating leases are recorded as “General and administrative” within the unaudited Consolidated Statements of Operations.

(3)Consists of total cash payments made to GLPI and VICI (referred to collectively as our “REIT Landlords”) under our triple net operating leases (as defined above

EX-99.1

2 pennex991-q22026.htm

EX-99.1

Document

Exhibit 99.1

PENN Entertainment, Inc. Reports Second Quarter Results

WYOMISSING, PA (August 6, 2026) - PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2026.

Jay Snowden, Chief Executive Officer and President, said: “We continued to execute against our 2026 strategic priorities this quarter: delivering Segment Adjusted EBITDAR growth, optimizing corporate overhead, growing cash flow, and deleveraging the balance sheet. PENN achieved record quarterly Retail segment revenues, supported by strong performance across our portfolio including our four recently completed development projects. Our Interactive segment remains on track to deliver upon our previously stated goals, supported by growth in U.S. iCasino and Canada. Adjusted EBITDA improved by $52.5 million year-over-year, reflecting disciplined execution of our strategy to drive profitability. The encouraging trends in our Retail and Interactive operating segments have continued through July.”

Second Quarter Retail Segment Highlights1:

•Revenues of $1.5 billion;

•Segment Adjusted EBITDAR of $517.2 million; and

•Segment Adjusted EBITDAR margins of 34.4%.

“PENN’s geographically diverse Retail segment delivered portfolio-wide strength, with nine properties setting second-quarter records for revenues and Adjusted EBITDAR,” said Mr. Snowden. “We experienced another quarter of year-over-year growth in theoretical revenue, supported by meaningful contributions from mid- and high-worth customer segments, as well as growth in unrated revenue, underscoring broad-based consumer demand. Second-quarter Segment Adjusted EBITDAR margins improved quarter-over-quarter and year-over-year, reflecting our property teams’ focus on converting solid demand into favorable operating results. In June 2026, we opened both the new hotel tower at Hollywood Columbus and the new Hollywood Casino Aurora, and early trends at both properties are encouraging, including strong visitation from VIP players.”

Second Quarter Interactive Segment Highlights:

•Revenues of $349.4 million (including tax gross up of $185.5 million); and

•Adjusted EBITDA loss of $9.5 million.

“Our Interactive segment delivered another quarter of meaningful year-over-year Adjusted EBITDA improvement. In the U.S., standalone Hollywood iCasino experienced quarter-over-quarter as well as year-over-year growth, achieving record quarterly revenues. In Ontario, gaming operations continued to gain momentum, supported by strong growth in online sports betting (“OSB”) revenues aided by solid World Cup engagement and cross-sell of the reactivated World Cup OSB user base into iCasino. We also successfully launched theScore Bet, as well as theScore Casino and Hollywood iCasino standalone apps, in Alberta on July 13,” concluded Mr. Snowden.

1 Retail Segment consists of retail operating segments which are composed of our Northeast, South, West, and Midwest reportable segments.

Liquidity and Financial Position

Total liquidity as of June 30, 2026 was $1.9 billion, including $887.2 million of Cash and cash equivalents. Traditional net debt as of June 30, 2026 was $1.9 billion.

On April 16, 2026, the Company amended its Second Amended and Restated Credit Agreement in order to refinance and extend the term of its $1.0 billion Amended Revolving Credit Facility and $446.9 million Amended Term Loan A Facility. The Amended Revolving Credit Facility and Amended Term Loan A Facility mature in April 2031.

On May 15, 2026, the Company repaid the remaining $106.7 million principal balance of its 2.75% Convertible Notes due 2026, eliminating approximately 4.6 million potentially dilutive shares associated with the notes.

On May 28, 2026, the Company amended its Second Amended and Restated Credit Agreement in order to reprice and extend the term of its $962.5 million Amended Term Loan B Facility. The Amended Term Loan B Facility matures in May 2033.

2

Summary of Second Quarter Results

For the three months ended June 30,

(in millions, except per share data, unaudited)20262025

Revenues$1,857.4 $1,765.0

Net income (loss)$32.6 $(18.3)

Consolidated Adjusted EBITDA (1) $312.6 $236.1

Rent expense associated with triple net operating leases (2) $163.3 $156.0

Cash payments to our REIT Landlords under Triple Net Leases (3) $247.1 $240.0

Diluted earnings (loss) per common share$0.24 $(0.12)

(1)For more information, definitions, and reconciliations see the “Non-GAAP Financial Measures” section below.

(2)Consists of the operating lease components of (i) our triple net master lease dated November 1, 2013 with Gaming and Leisure Properties, Inc. (Nasdaq: GLPI) (“GLPI”), as amended and restated effective January 1, 2023 (the “AR PENN Master Lease”), (ii) our triple net master lease entered into in conjunction with, and coterminous with, the AR PENN Master Lease (the “2023 Master Lease”), and (i

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