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.
Caesars
Caesars
Caesars Revenue by Segment
Caesars Revenue by Geographic Location
Forward Guidance
Caesars Entertainment expects to continue to reduce debt in 2022 through asset sale proceeds and free cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income