Caesars Entertainment cites unfavorable sports outcomes as a Q1 profit drag [Seeking Alpha]
Caesars Entertainment, Inc. (CZR)
Last caesars entertainment, inc. earnings: 2/25 04:30 pm
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US:NASDAQ Investor Relations:
investor.caesars.com/investor-relations
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Source: Seeking Alpha
Revenue was down 3.2% year-over-year during the quarter to $2.74B. Las Vegas properties generated revenue of $1.03B vs. $1.11B a year ago, and regional properties churned up revenue of $1.37B vs. $1.39B a year ago. Same-store adjusted EBITDA was $853M, vs. $844.5M consensus and $947M a year ago. Notably, the Caesars digital turned profitable and kicked in $5M to the adjusted EBITDA tally. Las Vegas properties generated record Q4 adjusted EBITDA of $440M vs. $533M a year ago, and regional properties generated adjusted EBITDA of $433M vs. $448M a year ago. The casino operator reported a GAAP net loss of $158M vs. a net loss of $136M a year ago. Q1 EPS was -$0.73 vs. -$0.08 consensus and -$0.63 a year ago. On the balance sheet, Caesars ( CZR ) ended the quarter with $12.4B in aggregate principal amount of debt outstanding. CZR's total cash position was $726M, excluding restricted cash of $139M. "Operating results during the first quarter in Las Vegas are a combination of record
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CZR
News
- Paris Las Vegas Opens Dominique Ansel Marché in Fall 2024 [Yahoo! Finance]Yahoo! Finance
- Paris Las Vegas Opens Dominique Ansel Marché in Fall 2024Business Wire
- Forget Chase and American Express -- These Travel Cards Will Surprise You [CNET News]CNET News
- Caesars Entertainment, Inc. (NASDAQ: CZR) is now covered by analysts at Raymond James. They set a "strong-buy" rating and a $55.00 price target on the stock.MarketBeat
- Caesars Rewards Casino Data Breach Investigation - Nasdaq: CZR)Accesswire
CZR
Earnings
- 4/30/24 - Miss
CZR
Sec Filings
- 5/15/24 - Form PX14A6G
- 5/9/24 - Form 8-K
- 5/7/24 - Form 4
- CZR's page on the SEC website