Given our confidence and improved visibility regarding both our retail and interactive segments, as well as our strong financial position, we are pleased to announce that our Board of Directors has authorized a $750 million, three-year share repurchase program, and we are re-initiating guidance. (“theScore”), the continued expansion of Penn Interactive operations, the opening of our fourth casino in Pennsylvania and the roll-out of new technology at many of our casinos. In addition, we accomplished several strategic objectives this quarter that have laid the foundation for future growth, including the completion of our acquisition of Score Media and Gaming Inc.

Our fourth quarter revenues of $1.6 billion and Adjusted EBITDAR of $480.5 million exceeded both 20 levels as our best-in-class operating teams continue to deliver impressive results despite the ongoing pandemic. Jay Snowden, President and Chief Executive Officer, commented: “I am pleased to report a strong finish to another transformative year for Penn National. Adjusted EBITDAR margins of 30.6%, as compared to 35.6% in the prior year and 29.8% in 2019.įor further information, the Company has posted a presentation to its website regarding the fourth quarter highlights and accomplishments, which can be found here.Adjusted EBITDA of $369.0 million, an increase of $113.1 million year-over-year and $65.0 million versus 2019 and.Adjusted EBITDAR of $480.5 million, an increase of $115.1 million year-over-year and $81.1 million versus 2019.

Net income of $44.8 million and net income margin of 2.8%, as compared to net income of $12.7 million and net income margin of 1.2% in the prior year and net loss of $92.9 million and net loss margin of 6.9% in 2019.

Revenues of $1.6 billion, an increase of $545.1 million year-over-year and $231.3 million versus 2019.

(NASDAQ: PENN) (“Penn National” or the “Company”) today reported financial results for the three months and year ended December 31, 2021.Ģ021 Fourth Quarter Financial Highlights: Interactive Segment Exceeded Expectationsīoard of Directors Authorizes $750 Million Share Repurchase ProgramĬompany Initiates 2022 Full Year Guidance Retail Operations Deliver Strong Results Through Sustainable Margin Improvement, Technology Upgrades and Growing Database

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