PENN Entertainment, Inc. (PENN) Q1 2025 Earnings Call Transcript

PENN Entertainment, Inc. (NASDAQ:PENN) Q1 2025 Earnings Conference Call May 8, 2025 9:00 AM ET

Company Participants

Joe Jaffoni – IR
Jay Snowden – CEO and President
Felicia Hendrix – CFO
Todd George – Head, Operations
Aaron LaBerge – CTO and Head of Interactive

Conference Call Participants

Brandt Montour – Barclays
Carlo Santarelli – Deutsche Bank
Shaun Kelley – Bank of America
Barry Jonas – Truist Securities
Joe Stauff – Susquehanna
Chad Beynon – Macquarie
Ben Chaiken – Mizuho
Bernie McTernan – Needham
Jordan Bender – Citizens
Ryan Sigdahl – Craig-Hallum
John DeCree – CRB
Jeff Zuo – Stifel

Operator

Greetings, and welcome to PENN Entertainment First Quarter 2025 Earnings Call.

I would now like to turn the conference over to Joe Jaffoni, Investor Relations. Please go ahead.

Joe Jaffoni

Thanks, Emma. Good morning, everyone, and thank you for joining PENN Entertainment’s 2025 first quarter conference call. We’ll get to management’s presentation and comments momentarily, as well as your question-and-answer. During the Q&A session, we ask that everyone please limit themselves to one question and one follow-up. I’ll quickly review the safe-harbor, and then we’ll quickly get – and then we’ll get right into the call.

Please note that today’s discussion contains forward-looking statements. Forward-looking statements involve risks, assumptions, and uncertainties that could cause actual results to differ materially. For more information, please see our press release for details on specific risk factors.

It’s now my pleasure to turn the call over to the company’s CEO, Jay Snowden. Jay, please go ahead.

Jay Snowden

Thanks, Joe. Good morning, everyone. I’m joined here in Wyomissing by our CFO, Felicia Hendrix; our Head of Operations, Todd George; and our CTO and Head of Interactive, Aaron LaBerge, as well as other members of our senior executive team.

As you see in our earnings