# PENN Entertainment, Inc. (PENN) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from PENN Entertainment, Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/PENN/mda/fy2025/): filed 2026-02-26; accession 0000921738-26-000008 (https://www.sec.gov/Archives/edgar/data/921738/000092173826000008/penn-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/PENN/mda/fy2024/): filed 2025-02-27; accession 0000921738-25-000008 (https://www.sec.gov/Archives/edgar/data/921738/000092173825000008/penn-20241231.htm)
- [FY 2023 MD&A](/company/PENN/mda/fy2023/): filed 2024-02-22; accession 0000921738-24-000012 (https://www.sec.gov/Archives/edgar/data/921738/000092173824000012/penn-20231231.htm)
- [FY 2022 MD&A](/company/PENN/mda/fy2022/): filed 2023-02-23; accession 0000921738-23-000010 (https://www.sec.gov/Archives/edgar/data/921738/000092173823000010/penn-20221231.htm)
- [FY 2021 MD&A](/company/PENN/mda/fy2021/): filed 2022-02-28; accession 0000921738-22-000011 (https://www.sec.gov/Archives/edgar/data/921738/000092173822000011/penn-20211231.htm)

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