Caesars Q4 net loss narrows to $148M; revenue up 9% to $2.8B; digital EBITDA improves sharply

Caesars Entertainment, Inc.

2022-FY EPS reported -$4.19 revenue$10,821,000,000

Q4 GAAP net revenues $2.8B vs $2.6B YoY; net loss $148M vs $434M loss.
Same-store Adjusted EBITDA $957M vs $581M; Las Vegas and Regional segments set Q4 records.
Caesars Digital segment Q4 Adjusted EBITDA -$5M vs -$305M YoY, a significant improvement.
Full-year net revenues $10.8B; net loss $899M; same-store EBITDA $3.2B.
Debt reduced by $1.2B in 2022; total debt $13.1B; leverage 4.4x; $7.5B of maturities extended.

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 0.95

Caesars Entertainment, Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

Attached and incorporated herein by reference as Exhibit 99.1 is a copy of the press release of the Registrant, dated February 21, 2023 , reporting the Registrant’s financial results for the quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001590895-23-000069

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