Penn Entertainment has revealed its revenue increased by 2.9 per cent year-on-year in Q2 to US$1.67bn.
Net income came in at $78.1m with a margin of 4.7 per cent, compared with $26.1m and 1.6 per cent in the prior-year period.
Adjusted EBITDA decreased 30.7 per cent year-on-year to $330.4m.
Jay Snowden, CEO and President of Penn Entertainment, said: “The company experienced stable property level performance this quarter with each month showing sequential improvement.
“Additionally, we are excited to have successfully re-launched our sportsbook app, which features major product improvements that significantly upgrade the user experience, including streamlined navigation, faster load times, expanded wagering markets, enhanced promotions and deeper media integrations.”
Earlier on Wednesday, Penn revealed an initial 10-year deal with ESPN, which will see Penn’s Barstool Sportsbook rebranded to ESPN Bet later this year.
