![]() ![]() Jay Snowden, Chief Executive Officer and President, announced: “We are pleased to report another solid quarter despite operating in an uncertain economic environment. ![]() Reiterating 2022 Full Year Revenue and Adjusted EBITDAR Guidanceįor further information, the Company has posted a presentation to its website regarding the third quarter highlights and accomplishments, which can be found here.Repurchased $168.0 million of Common Stock at an Average Price of $31.40 Under Share Repurchase Authorization.Momentum in Ontario Demonstrates the Benefits of Our Owned Technology and Integrated Media Approach.Successful Kansas Launch Powered by Omnichannel Execution.Continued Database Growth Led by the Younger Segment.Adjusted EBITDAR margins of 29.0%, a decline of 273bps year-over-year.Adjusted EBITDA of $440.4 million, an increase of 20.9% year-over-year and.Adjusted EBITDAR of $471.9 million, a decrease of 1.7% year-over-year.Net income of $123.2 million and net income margin of 7.6%, as compared to net income of $86.1 million and net income margin of 5.7% in the prior year.Revenues of $1.6 billion, an increase of 7.5% year-over-year. ![]() (“PENN” or the “Company”) (Nasdaq: PENN) today reported financial results for the three and nine months ended September 30, 2022. ![]()
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