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Jun 30, 2021
Caesars Q2 2021 Earnings Report
Caesars Entertainment, Inc. reported improved operating results driven by strength in regional markets and dramatic improvement in Las Vegas segment.
Key Takeaways
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.
Net revenues reached $2.5 billion, a significant increase from the prior-year period.
Net income was $71 million, a turnaround from the previous year's net loss of $100 million.
Same-store Adjusted EBITDA was $1.0 billion, compared to $(131) million in the prior-year period.
Company launched a comprehensive new marketing campaign for Caesars Sportsbook.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company anticipates that its balance sheet will be further enhanced through improved operating trends and expected asset sale proceeds and remains committed to further 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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