Caesars Q3 2022 revenue $2.9B, net income $52M; record Adjusted EBITDA $1.0B

Caesars Entertainment, Inc.

2022-Q3 EPS reported -$3.50 revenue$8,000,000,000

GAAP net revenues $2.9B vs $2.7B YoY; net income $52M vs loss of $233M.
Same-store Adjusted EBITDA $1.0B, +15% YoY; new quarterly record.
Caesars Digital segment Adjusted EBITDA loss narrowed to $38M from $164M YoY.
Debt reduced by $880M in Q3; total debt $13.3B, cash $944M.
Las Vegas revenue $1.077B (+5.9% YoY); Regional $1.530B (flat).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Caesars Entertainment, Inc. reported the third quarter ended September 30, 2022 results: revenue $2.9 billion, net income $52 million.

Period: the third quarter ended September 30, 2022
Revenue: $2.9 billion
Net income: $52 million
Result: reported results

Exact text from the filing

“CZR,” “CEI” or “the Company”) today reported operating results for the third quarter ended September 30, 2022. Third Quarter 2022 and Recent Highlights: • GAAP net revenues of $2.9 billion versus $2.7 billion for the comparable prior-year period. • GAAP net income of $52 million compared to net loss of $233 million for the comparable prior-year period. • Same-store

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Source: SEC EDGAR

accession 0001590895-22-000146

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