PENN Entertainment Navigates Q3 Loss and Strategic Pivot

PENN Entertainment, Inc. reported a third‑quarter revenue of approximately $1.72 billion, aligning with market expectations, while posting an adjusted loss of roughly $0.22 per share—wider than the anticipated loss of $0.10. The company has also announced an early termination of its U.S. online sports‑betting partnership with ESPN, Inc., marking a strategic shift away from that alliance toward a renewed focus on direct digital growth and its core gaming operations. Management emphasised cost discipline and operational realignment, anticipating benefits from streamlining digital strategy and leveraging PENN’s venue assets, even amid a challenging environment for regulated gaming and sports betting. #PENNEntertainment #EarningsReport #GamingIndustry #StrategicShift #SlimScan #GrowthStocks #CANSLIM