Caesars Q3 2022 Earnings Report
Key Takeaways
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.
GAAP net revenues reached $2.9 billion, compared to $2.7 billion in the prior-year period.
GAAP net income was $52 million, a significant improvement from the net loss of $233 million in the prior-year period.
Same-store Adjusted EBITDA was $1.0 billion, up from $880 million in the comparable prior-year period.
Caesars Digital reported strong revenue growth and a smaller than expected EBITDA loss due to improved operating efficiencies.
Caesars
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Caesars Revenue by Segment
Forward Guidance
No forward guidance provided in the press release.