Caesars Q4 2024 Earnings Report

Caesars Entertainment reported stable performance with high occupancy in Las Vegas and growth in digital revenue.

Key Takeaways

Caesars Entertainment delivered stable financial performance in Q4 2024 with net revenue of $2.8 billion and net income of $11 million. Las Vegas operations remained strong with high occupancy rates, while digital revenue growth partially offset regional competitive pressures.

Net revenue of $2.80 billion, slightly lower than $2.83 billion in Q4 2023.

GAAP net income of $11 million compared to a net loss of $72 million in Q4 2023.

Caesars Digital Adjusted EBITDA decreased to $20 million from $29 million in Q4 2023.

Las Vegas segment reported stable conditions with high occupancy rates.

Total Revenue

$2.8B

Previous year: $2.83B

-0.9%

EPS

$0.05

Previous year: $0.1

-50.0%

Adjusted EBITDA

$882M

Cash Interest Expense

$586M

Debt Reduction

$500M

Cash and Equivalents

$866M

Previous year: $1.14B

-24.2%

Total Assets

$12.3B

Previous year: $33.4B

-63.1%

Caesars Revenue

Caesars EPS

Caesars Revenue by Segment

Caesars Revenue by Geographic Location

Forward Guidance

Caesars Entertainment expects stable performance in 2025 with strong digital revenue growth and significant free cash flow to reduce leverage.

Positive Outlook

Stable operating environment expected for brick-and-mortar locations.
Growth expected in digital revenue.
Lower capital expenditures projected.
Lower cash interest expenses expected.
Significant free cash flow expected for debt reduction.

Challenges Ahead

Ongoing competitive pressures in regional markets.
Potential challenges in achieving digital segment growth targets.
Impact of rising interest rates on debt costs.
Macroeconomic uncertainty affecting consumer behavior.
Potential for localized competition affecting performance.