Net income of $26.1 million and net income margin of 1.6%, as compared to net income of $198.7 million and net income margin of 12.9% in the prior year.
Revenues of $1.6 billion, an increase of 5.2% year-over-year.Repurchased $167.0 million of Common Stock at an Average Price of $30.16 Under Share Repurchase Authorization.Reiterating 2022 Full Year Revenue and Adjusted EBITDAR Guidance.Successful Migration to Our Proprietary Tech Stack in Ontario.Database Growth Highlights the Value of Omni-Channel Strategy.
(“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and six months ended June 30, 2022.
