PENN Entertainment, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,036.3 million compared to USD 1,267.4 million a year ago. Revenue was USD 1,395.4 million compared to USD 1,585.6 million a year ago. Net loss was USD 358.1 million compared to net income of USD 20.8 million a year ago. Basic loss per share from continuing operations was USD 2.37 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 2.37 compared to diluted earnings per share from continuing operations of USD 0.13 a year ago.
For the full year, sales was USD 4,905.8 million compared to USD 5,201.7 million a year ago. Revenue was USD 6,362.9 million compared to USD 6,401.7 million a year ago. Net loss was USD 490 million compared to net income of USD 222.1 million a year ago. Basic loss per share from continuing operations was USD 3.22 compared to basic earnings per share from continuing operations of USD 1.37 a year ago. Diluted loss per share from continuing operations was USD 3.22 compared to diluted earnings per share from continuing operations of USD 1.29 a year ago.