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Jun 30, 2022
Caesars Q2 2022 Earnings Report
Reported operating results reflecting a consolidated EBITDA record for brick and mortar properties and improved digital segment performance.
Key Takeaways
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.
GAAP net revenues reached $2.8 billion, up from $2.5 billion in the prior-year period.
GAAP net loss was $123 million, compared to a net income of $71 million in the prior-year period.
Same-store Adjusted EBITDA was $978 million, versus $1.0 billion in the prior-year period.
The company repaid approximately $770 million of outstanding debt year-to-date as of July 2022.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Operating results in the digital segment improved dramatically versus the first quarter and we are optimistic regarding trends in this segment for the balance of the year.
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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