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Sep 30, 2023
Caesars Q3 2023 Earnings Report
Caesars Entertainment reported an all-time consolidated Adjusted EBITDA record, with year-over-year growth in Las Vegas, Regional, and Caesars Digital segments.
Key Takeaways
Caesars Entertainment, Inc. reported GAAP net revenues of $3.0 billion and GAAP net income of $74 million for the third quarter ended September 30, 2023. The company achieved an all-time consolidated Adjusted EBITDA record, with growth in all three primary operating segments: Las Vegas, Regional, and Caesars Digital.
GAAP net revenues reached $3.0 billion, compared to $2.9 billion in the prior-year period.
GAAP net income was $74 million, up from $52 million in the prior-year period.
Consolidated Adjusted EBITDA was $1.04 billion, versus $1.01 billion for the prior-year period.
Caesars Digital Adjusted EBITDA improved to $2 million, compared to $(38) million in the prior-year period.
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
This press release includes forward-looking statements regarding strategies, objectives, plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information.
Challenges Ahead
- Impacts of economic and market conditions
- Our ability to successfully operate our digital betting and iGaming platform and expand its user base
- Risks associated with our leverage and our ability to reduce our leverage
- The effects of competition on our business and results of operations
- The effects of inflation, supply chain constraints and continuing impacts of COVID-19
Revenue & Expenses
Visualization of income flow from segment revenue to net income