Penn Entertainment's Q3 2025 results reflect strategic recalibration in its interactive business, including the early termination of its ESPN marketing agreement, while reporting record gains in its iCasino segment.

• Early termination of the ESPN marketing agreement to refocus on core digital assets, including the Score Bet brand, effective December 1.
• Record quarterly gaming revenue for the North America iCasino business, up nearly 40% year-over-year, driven by strong cross-sell initiatives.
• 79% surge in monthly active users for iCasino services during Q3, bolstered by the successful standalone app and integration with sports betting.
• Strong performance trends across core regional casinos, notably in the West segment, with solid visitation and spending metrics.
• Ongoing development projects are on schedule, with new openings anticipated in late 2023 and throughout 2026.