ESPN Bet, a sportsbook by ESPN and Penn, fell short of earnings projections by $30 million, causing a drop in Penn's stock value. Pat McAfee addressed the disappointing performance on air, highlighting the need for improvements. The sportsbook's challenges were discussed during the Penn earnings call, with a focus on enhancing user experience. McAfee emphasized the work in progress nature of ESPN Bet and its need for enhancements, especially in states like Connecticut where it is not available. Despite the setbacks, there is optimism for ESPN Bet to recover before the upcoming NFL season.
ESPN Bet's poor Q1 sent $PENN trending downwards. While March Madness and the Super Bowl didn't help the sportsbook like analysts thought they would, ESPN Bet has time to right the ship before the betting frenzy of NFL season. Story ⬇️
ESPN Bet Underperforms In Q1, Penn Stock Tumbles Post Earnings @sam_mcquill https://t.co/LiZUQZsUyG
ESPN Bet is a disaster for both Penn and the Worldwide Leader @ClayTravis https://t.co/GP5nnNpDEI
Pat McAfee continues to remind the world that ESPN Bet is still a work in progress. ⤵️ https://t.co/3jqjuPFpWP
Pat McAfee continues to remind viewers that ESPN Bet needs improvements https://t.co/f5IXtyHi6x https://t.co/g53EiZihmL
Pat McAfee brazenly mocked ESPN Bet's early performance struggles while live on ESPN https://t.co/SO6TmWkCUV https://t.co/46BdNWyYFt
Pat McAfee has more thoughts on ESPN Bet in a conversation with former ESPN and now Fox Sports betting analyst Chris Fallica. Points out ESPN Bet is not available in Connecticut (where ESPN is based). Hints user experience for newer sportsbooks could be improved. https://t.co/QWlolwmNLH https://t.co/HKB3ePymqC
The focus was on ESPN Bet during the Penn earnings call yesterday, but there was some interesting news for Canadians who use theScore app https://t.co/4Uy6JpS0ee
ESPN Bet's earnings came up $30 million short of analyst projections—sending $PENN stock dipping. Even ESPN's Pat McAfee cracked jokes on-air about the sportsbook's poor performance.
Pat McAfee had to give ESPN Bet a pep talk after disappointing numbers caused Penn's stock to tank. ⏬ https://t.co/Jk90VJz9cb https://t.co/WayjxDUnfu