PENN Entertainment Q3 2025: $1.72B Revenue, GAAP Loss of $6.03/Share as Company Ends ESPN Bet Alliance and Pivots to iCasino
WYOMISSING, Pa. — PENN Entertainment (NASDAQ: PENN) reported third‑quarter revenue of $1.717 billion and a GAAP diluted loss of $6.03 per share on a net loss of ~$865 million for the quarter ended September 30, 2025. Alongside results, PENN and ESPN announced a mutual early termination of their U.S. online sports‑betting partnership, effective December 1, 2025, with PENN set to rebrand its U.S. sportsbook to theScore Bet and shift spending toward higher‑margin iCasino operations. SEC Why the ESPN unwind matters The break pulls forward a possible opt‑out provision and ends a 10‑year deal announced in August 2023 under which PENN