NASDAQ$CZR
Caesars Entertainment Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Eldorado Resorts reported a decrease in revenue and operating income due to COVID-19 mandated closures.
Eldorado Resorts reported a challenging first quarter due to the mandated closure of all properties starting March 18, 2020, which offset a strong start to the year in January and February. Net revenue was $473.1 million, a decrease of 25.6% on a GAAP basis, and the company reported an operating loss of $123.2 million and a net loss of $175.6 million. The company ended the quarter with over $670 million of cash on the balance sheet after drawing $465 million on its revolver in March.
- Net revenue decreased by 25.6% on a GAAP basis due to COVID-19 closures.
- The company experienced an operating loss of $123.2 million and a net loss of $175.6 million.
- Same-store Adjusted EBITDA decreased by 33.0% compared to the prior-year period.
- Eldorado ended the quarter with over $670 million in cash after drawing on its revolver.
Headline financials
Revenue & EPS history
Caesars · Revenue · Quarterly
$473M
Revenue by segment
Caesars · $2.99B total across 5 segments · Q3 2023
- Regional$1.57B+2.3%52.3%
- Las Vegas$1.12B+4.0%37.4%
- Caesars Digital$215M+1.4%7.2%
- Managed & Branded$98M+40.0%3.3%
- Corporate & Other-$4M-100.0%-0.1%
Forward guidance
The company expects the announced $230 million sale of Kansas City and Vicksburg properties to Twin River to close in the current quarter following receipt of customary regulatory approvals.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+5.5%
Avg return
30 days after
48%
22 / 46 earnings
Positive
+13.0%
Q4 2025
Best reaction
-15.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +0.3% | +6.3% | |
| Q4 2025 | +13.0% | +6.7% | +41.2% | |
| Q3 2025 | -15.4% | -7.4% | +5.3% | |
| Q1 2025 | -3.3% | -1.3% | -4.0% | |
| Q4 2024 | -0.9% | -9.8% | -26.4% | |
| Q3 2024 | -8.7% | -13.9% | -16.0% | |
| Q2 2024 | +9.4% | -2.4% | +1.8% | |
| Q1 2024 | -3.2% | -6.0% | -15.2% | |
| Q4 2023 | -0.6% | -2.0% | -2.1% | |
| Q3 2023 | -1.5% | +10.8% | +11.5% | |
| Q2 2023 | -6.3% | -6.0% | -6.4% | |
| Q1 2023 | -5.4% | -3.9% | -10.4% | |
| Q4 2022 | +2.3% | -5.2% | -20.3% | |
| Q3 2022 | +0.8% | -2.5% | +18.5% | |
| Q2 2022 | +7.0% | +3.5% | -7.7% | |
| Q1 2022 | -2.9% | -12.3% | -24.1% | |
| Q4 2021 | -0.8% | +6.8% | -0.4% | |
| Q3 2021 | -1.2% | -5.0% | -19.7% | |
| Q2 2021 | -1.7% | +4.6% | +19.7% | |
| Q1 2021 | +6.3% | +9.1% | +13.1% | |
| Q4 2020 | +4.0% | +3.5% | -2.5% | |
| Q3 2020 | +9.0% | +15.5% | +41.5% | |
| Q2 2020 | +4.3% | +6.6% | +40.2% | |
| Q1 2020 | +2.7% | +10.1% | +89.0% | |
| Q4 2019 | -4.2% | -18.3% | -72.8% | |
| Q3 2019 | +0.3% | +6.9% | +10.8% | |
| Q2 2019 | -1.9% | -6.4% | -11.8% | |
| Q1 2019 | -2.2% | -2.0% | -0.4% | |
| Q4 2018 | -5.9% | +0.0% | +4.7% | |
| Q3 2018 | +10.9% | +2.1% | +20.5% | |
| Q2 2018 | -14.2% | -0.7% | +12.1% | |
| Q1 2018 | +0.0% | +4.6% | +12.7% | |
| Q4 2017 | +2.0% | +8.2% | +0.1% | |
| Q3 2017 | +0.0% | +11.3% | +19.1% | |
| Q2 2017 | +1.2% | -3.2% | +12.4% | |
| Q1 2017 | +1.3% | +4.4% | +8.9% | |
| Q4 2016 | +4.5% | +1.8% | +14.5% | |
| Q3 2016 | +2.2% | +16.7% | +53.7% | |
| Q2 2016 | -1.0% | -4.0% | -1.9% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | +0.3% | — | — | |
| Q3 2015 | -10.4% | — | — | |
| Q2 2015 | +8.5% | — | — | |
| Q1 2015 | +6.3% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | -7.9% | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro