Caesars Q4 2021 Earnings Report
Key Takeaways
Caesars Entertainment, Inc. reported a GAAP net revenue increase to $2.6 billion compared to $1.6 billion in the prior year. However, the company experienced a net loss of $434 million, although this was an improvement over the prior year's net loss of $555 million. Same-store Adjusted EBITDA was $581 million, up from $348 million in the comparable period.
GAAP net revenues increased to $2.6 billion from $1.6 billion year-over-year.
GAAP net loss was $434 million, an improvement from the prior year's $555 million loss.
Same-store Adjusted EBITDA reached $581 million, compared to $348 million in the prior-year period.
Caesars Sportsbook exceeded expectations for new customer registrations, deposits, and market share.
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Caesars Revenue by Segment
Forward Guidance
Caesars Entertainment expects to continue to reduce debt in 2022 through asset sale proceeds and free cash flow generation.