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Mar 31, 2023
Caesars Q1 2023 Earnings Report
Reported strong first-quarter results, driven by record Adjusted EBITDA in Las Vegas and near break-even performance in the digital segment.
Key Takeaways
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.
GAAP net revenues reached $2.8 billion, compared to $2.3 billion in the prior-year period.
GAAP net loss was $136 million, a significant improvement from the $680 million net loss in the comparable prior-year period.
Same-store Adjusted EBITDA totaled $958 million, versus $296 million for the comparable prior-year period.
Caesars Digital same-store Adjusted EBITDA was $(4) million, compared to $(554) million in the prior-year period.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Company continues to target a third consecutive year of $1 billion of permanent debt reduction.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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