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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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