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Sep 30, 2021
Caesars Q3 2021 Earnings Report
Caesars Entertainment reported third quarter results, with revenue increasing and a reduced net loss compared to the previous year.
Key Takeaways
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.
GAAP net revenues reached $2.7 billion, up from $1.4 billion year-over-year.
GAAP net loss decreased to $233 million, compared to $926 million in the prior year.
Same-store Adjusted EBITDA was $882 million, a notable increase from $433 million year-over-year.
Las Vegas segment achieved an all-time quarterly EBITDA record, and the regional segment hit a new third quarter EBITDA record.
Caesars
Caesars
Caesars Revenue by Segment
Caesars Revenue by Geographic Location
Revenue by Segment
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Management expects further debt reduction to come from strong operating cash flows and expected asset sale proceeds.
Revenue & Expenses
Visualization of income flow from segment revenue to net income