Joe Giaffone
Senior Vice President, Investor Relations
Replay available
PENN Entertainment, Inc. (NASDAQ: PENN) Q4 2025 earnings conference call, held 2026-02-26. Replay captured from the company's public earnings webcast.

Senior Vice President, Investor Relations
Chief Executive Officer
Chief Financial Officer
President, Interactive Segment
Analyst, Barclays
Analyst, TD Securities
Analyst, Morgan Stanley
Analyst, Citizens Research
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WEBVTT 00:00:01.330 -- 00:00:06.495 Greetings, and welcome to the Penn Entertainment fourth quarter 2025 00:00:06.495 -- 00:00:08.537 earnings call. 00:00:08.537 -- 00:00:13.681 I would now like to turn the conference over to Joe Giaffone, Investor Relations. 00:00:13.681 -- 00:00:15.623 Please go ahead. 00:00:15.623 -- 00:00:18.726 Thank you, Nikki. Good morning, everyone, and thank you for joining Penn Entertainment's 00:00:18.726 -- 00:00:23.290 2025 fourth quarter conference call. We'll get to management's comments and presentation 00:00:23.290 -- 00:00:26.073 momentarily, as well as your Q&A. 00:00:26.073 -- 00:00:29.996 During the Q&A session, we ask that everyone please limit themselves to one question 00:00:29.996 -- 00:00:34.466 and one follow-up. Now I'll review the safe harbor disclosure. 00:00:34.466 -- 00:00:37.831 Please note that today's discussion contains forward-looking statements. 00:00:37.831 -- 00:00:41.999 Forward-looking statements involve risks, assumptions, and uncertainties that could cause 00:00:41.999 -- 00:00:46.446 actual results to differ materially. For more information, please see our press release 00:00:46.446 -- 00:00:50.813 for details on specific risk factors. It's now my pleasure to turn the call over to the 00:00:50.813 -- 00:00:55.077 company's CEO, Jay Snowden. Jay, please go ahead. 00:00:55.077 -- 00:00:59.904 Thanks, Joe. Good morning, everyone. I'm joined here in Wyoming by Felicia Hendricks 00:00:59.904 -- 00:01:04.570 and Aaron LaBerge, as well as other members of our senior executive team. 00:01:04.570 -- 00:01:09.377 I'm pleased to report Penn's diversified retail portfolio delivered another solid quarter 00:01:09.377 -- 00:01:14.204 during which retail adjusted EBITDA grew year over year after adjusting for poor weathe...