Caesars Q1 revenue $2.8B; Las Vegas EBITDA record $533M; digital loss narrows to $4M

Caesars Entertainment, Inc.

2023-Q1 EPS reported -$0.63 revenue$2,830,000,000

GAAP net revenues $2.8B (+23.7% YoY); net loss of $136M vs $680M loss in prior year.
Same-store Adjusted EBITDA $958M, up from $296M (prior year included $554M digital loss).
Las Vegas segment posted record Q1 Adjusted EBITDA of $533M (+33.3%).
Caesars Digital Adjusted EBITDA loss narrowed to $4M from $554M; revenue turned positive at $238M.
Redeemed $400M Forum Convention Center mortgage note; expects $32M annual interest savings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Caesars Entertainment, Inc. reported the quarter ended March 31, 2023 results: revenue $2.8 billion, net income GAAP net loss of $136 million.

Period: the quarter ended March 31, 2023
Revenue: $2.8 billion
Net income: GAAP net loss of $136 million
Result: reported results

Exact text from the filing

GAAP net revenues of $2.8 billion versus $2.3 billion for the comparable prior-year period.

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Source: SEC EDGAR

accession 0001590895-23-000076

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