Caesars Q4 2022 Earnings Report
Key Takeaways
Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion for Q4 2022, compared to $2.6 billion for the prior-year period. The company's GAAP net loss was $148 million, an improvement from the $434 million net loss in the same period last year. Same-store Adjusted EBITDA was $957 million, compared to $581 million for the comparable prior-year period.
GAAP net revenues increased to $2.8 billion from $2.6 billion year-over-year.
GAAP net loss improved to $148 million from a $434 million loss year-over-year.
Same-store Adjusted EBITDA was $957 million, up from $581 million year-over-year.
Las Vegas and Regional segments each set a new fourth quarter record for Adjusted EBITDA.
Caesars
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Caesars Revenue by Segment
Forward Guidance
Consumer demand remains strong in all of our verticals and we are optimistic for the year ahead.