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Dec 31, 2020
Caesars Q4 2020 Earnings Report
Caesars Entertainment, Inc. reported a net revenue increase of 152.9% and an adjusted EBITDA increase of 91.0% on a GAAP basis, but also a net loss of $555 million for the fourth quarter of 2020.
Key Takeaways
Caesars Entertainment, Inc. reported Q4 2020 results, which were negatively impacted by COVID-19 restrictions. Net revenues increased by 152.9% to $1.5 billion, while the company experienced a net loss of $555 million. Adjusted EBITDA increased to $296 million.
Net revenues of $1.5 billion, an increase of 152.9% on a GAAP basis.
Same-store net revenues were $1.6 billion, a decrease of 37.5% versus the comparable prior-year period.
Net loss of $555 million compared to net loss of $13 million for the comparable prior-year period.
Adjusted EBITDA of $296 million on a GAAP basis, up 91.0% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Early results in the new year indicate a strengthening of consumer demand as restrictions have been lifted and demand levels normalize, especially at regional, non-destination properties. With vaccinations underway, the company is optimistic about the year ahead and look forward to the recovery of travel and tourism in the U.S. and especially Las Vegas.
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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