Caesars Earnings Reports

Caesars Entertainment delivered stable financial performance in Q4 2024 with net revenue of $2.8 billion and net income of $11 million. Las Vegas operations remained strong with high occupancy rates, while digital revenue growth partially offset regional competitive pressures.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.9 billion and a net loss of $9 million for the third quarter of 2024. Same-store Adjusted EBITDA was $1.0 billion, while Caesars Digital achieved a record quarterly Adjusted EBITDA of $52 million.

Caesars Entertainment reported a slight decrease in net revenues to $2.8 billion compared to $2.9 billion in the prior-year period. The company experienced a net loss of $122 million, contrasting with a net income of $920 million in the same period last year, primarily due to a valuation allowance release in the previous year. Adjusted EBITDA remained relatively stable at $1.0 billion. Growth was seen in the Las Vegas and Digital segments, while the Regional segment faced challenges from increased competition.

Caesars Entertainment reported a decrease in GAAP net revenues to $2.7 billion compared to $2.8 billion in the prior-year period, and a net loss of $158 million compared to a net loss of $136 million for the same period last year. However, Caesars Digital showed positive growth with an Adjusted EBITDA of $5 million.

Caesars Entertainment, Inc. reported Q4 2023 results with net revenues of $2.83 billion and a net loss of $72 million. The results were driven by a 28% year-over-year increase in Caesars Digital net revenue, which generated a 10% Adjusted EBITDA margin.

Caesars Entertainment, Inc. reported GAAP net revenues of $3.0 billion and GAAP net income of $74 million for the third quarter ended September 30, 2023. The company achieved an all-time consolidated Adjusted EBITDA record, with growth in all three primary operating segments: Las Vegas, Regional, and Caesars Digital.

Caesars Entertainment, Inc. reported Q2 2023 results with GAAP net revenues of $2.9 billion and a net income of $920 million, driven by a $940 million release of valuation allowance against deferred tax assets. Same-store Adjusted EBITDA was $1.0 billion. Caesars Digital achieved its first quarter of positive adjusted EBITDA since rebranding.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion and a net loss of $136 million for the first quarter ended March 31, 2023. Same-store Adjusted EBITDA was $958 million.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion for Q4 2022, compared to $2.6 billion for the prior-year period. The company's GAAP net loss was $148 million, an improvement from the $434 million net loss in the same period last year. Same-store Adjusted EBITDA was $957 million, compared to $581 million for the comparable prior-year period.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.9 billion and GAAP net income of $52 million for the third quarter ended September 30, 2022. The company achieved a new quarterly record for consolidated adjusted EBITDA, driven by strong performance in brick and mortar properties and improved operating efficiencies in the Caesars Digital segment.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion for the second quarter of 2022, compared to $2.5 billion for the prior-year period. The company's GAAP net loss was $123 million, a decrease from the net income of $71 million in the comparable prior-year period. Same-store Adjusted EBITDA was $978 million, compared to $1.0 billion for the comparable prior-year period.

Caesars Entertainment, Inc. reported a GAAP net revenue increase to $2.3 billion compared to $1.8 billion in the prior year. However, the company experienced a net loss of $680 million, compared to a net loss of $423 million in the same period last year. Same-store Adjusted EBITDA was $296 million versus $521 million for the comparable prior-year period.

Caesars Entertainment, Inc. reported a GAAP net revenue increase to $2.6 billion compared to $1.6 billion in the prior year. However, the company experienced a net loss of $434 million, although this was an improvement over the prior year's net loss of $555 million. Same-store Adjusted EBITDA was $581 million, up from $348 million in the comparable period.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.7 billion for the third quarter of 2021, compared to $1.4 billion for the same period in the prior year. The company's GAAP net loss was $233 million, a significant improvement from the $926 million net loss in the comparable prior-year period. Same-store Adjusted EBITDA was $882 million, versus $433 million for the comparable prior-year period.

Caesars Entertainment, Inc. reported net revenues of $2.5 billion and net income of $71 million for the second quarter ended June 30, 2021. Same-store Adjusted EBITDA was $1.0 billion. The company posted all-time records in quarterly Adjusted EBITDA and Adjusted EBITDA margin.

Caesars Entertainment, Inc. reported a significant increase in net revenues to $1.7 billion, a 259.2% increase on a GAAP basis, but experienced a net loss of $423 million. Same-store Adjusted EBITDA reached $548 million. The company also closed the William Hill PLC acquisition and expanded its NFL partnership.

Caesars Entertainment, Inc. reported Q4 2020 results, which were negatively impacted by COVID-19 restrictions. Net revenues increased by 152.9% to $1.5 billion, while the company experienced a net loss of $555 million. Adjusted EBITDA increased to $296 million.

Caesars Entertainment, Inc. reported net revenues of $1.4 billion and a net loss of $926 million. The company completed its merger with Former Caesars on July 20, 2020, and announced an offer to acquire William Hill plc. Operating results continued to improve sequentially, with regional markets outperforming destination markets.

Caesars Entertainment, Inc. reported second quarter results, which were significantly impacted by the COVID-19 pandemic, with the majority of properties remaining closed during April and May. Net revenue for legacy Eldorado Resorts properties was $126.5 million, a decrease of 80.1% compared to the prior-year period. The company reported a net loss of $100.0 million, compared to net income of $18.9 million in the prior-year period. The merger between Eldorado Resorts and Caesars Entertainment Corporation was completed on July 20, 2020.

Eldorado Resorts reported a challenging first quarter due to the mandated closure of all properties starting March 18, 2020, which offset a strong start to the year in January and February. Net revenue was $473.1 million, a decrease of 25.6% on a GAAP basis, and the company reported an operating loss of $123.2 million and a net loss of $175.6 million. The company ended the quarter with over $670 million of cash on the balance sheet after drawing $465 million on its revolver in March.

Eldorado Resorts reported a net revenue of $592.1 million for Q4 2019, a decrease of 11.9% on a GAAP basis. The operating income was $58.9 million, a decrease of 32.1% on a GAAP basis, with a net loss of $13.2 million. Adjusted EBITDA on a same-store basis was $146.2 million, up 0.4% year over year.