earnings
confidence high
sentiment neutral
materiality 0.70
Caesars Q2 net loss $122M; same-store EBITDA flat at $1B; digital EBITDA record $40M
Caesars Entertainment, Inc.
2024-Q2 EPS reported
-$1.29
revenue$5,572,000,000
- GAAP net revenues $2.8B, down 0.1% same-store; net loss $122M vs $915M net income (prior-year had $940M tax benefit).
- Las Vegas same-store revenue +1.9%, adjusted EBITDA $514M (+1.2%); regional revenue -5.2%, EBITDA $469M (-7.7%).
- Caesars Digital revenue $276M (+27.8%), adjusted EBITDA record $40M vs $11M.
- Total debt $12.4B, cash $830M, net debt $11.6B; repaid $100M+ on Term Loan B in Q2.
- FY 2024 capex guidance $800M (excl. Danville JV); permanent Danville and Caesars New Orleans opening expected.