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Sep 30, 2022
Caesars Q3 2022 Earnings Report
Caesars Entertainment reported record consolidated adjusted EBITDA and strong revenue growth in Q3 2022.
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No forward guidance provided in the press release.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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