Penn Interactive turns profit in October after successful Q3 results
| By Marese O'Hagan
Penn Entertainment has recorded an increase in revenue to $1.65bn (£1.46bn/€1.69bn) for its third quarter 2022 results, while the business revealed its online arm turned a profit in October.
Jay Snowden, chief executive officer and president of Penn Entertainment, said that the quarter had been “solid” and cited Penn’s acquisition of theScore as a particular positive.
“We are pleased to report another solid quarter despite operating in an uncertain economic environment,” he said. “Our strong retail results were highlighted by ongoing database growth and stable margin performance, which continued through October.”