earnings
confidence high
sentiment neutral
materiality 0.75
Caesars Q3 2024 net loss $9M; Digital EBITDA surges to $52M, but regional revenue falls 7.6%
Caesars Entertainment, Inc.
2024-Q3 EPS reported
-$1.34
revenue$8,446,000,000
- GAAP net revenues $2.9B (-2.6% same-store YoY); GAAP net loss $9M vs income $74M.
- Same-store Adjusted EBITDA flat at $1.0B; Regional EBITDA fell 13.4% due to new competition.
- Caesars Digital set record Adjusted EBITDA of $52M (up from $2M) on 40.9% revenue growth.
- Total debt $12.7B, cash $802M; closed $1.1B senior unsecured refinancing for interest savings.
- Received $250M cash from World Series of Poker brand sale; nearing completion of New Orleans and Virginia projects.