NASDAQ$CZR

Caesars Entertainment Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Caesars Entertainment reported mixed results for Q1 2022, with revenue growth offset by a net loss, but Las Vegas segment posted a record EBITDA.

Caesars Entertainment, Inc. reported a GAAP net revenue increase to $2.3 billion compared to $1.8 billion in the prior year. However, the company experienced a net loss of $680 million, compared to a net loss of $423 million in the same period last year. Same-store Adjusted EBITDA was $296 million versus $521 million for the comparable prior-year period.

  • GAAP net revenues increased to $2.3 billion from $1.8 billion year-over-year.
  • GAAP net loss was $680 million, compared to a net loss of $423 million in the prior-year period.
  • Same-store Adjusted EBITDA was $296 million, down from $521 million in the comparable prior-year period.
  • Las Vegas segment achieved an all-time first quarter EBITDA record.

Headline financials

Total Revenue

$2.29B

Previous: $1.7B+34.9%
EPS (adj)

-$2.11

Previous: -$2.06-2.4%
Adjusted EBITDA

$296M

Previous: $548M-46.0%
Capital Expenditures

-$210M

Previous: -$65M-223.1%
Free Cash Flow

-$890M

Previous: -$488M-82.4%
Net Income

-$680M

Previous: -$423M-60.8%
Operating Income

-$10M

Previous: $186M-105.4%
Gross Profit

-$88M

Previous: -$68M-29.4%
Cash & Equivalents

$814M

Previous: $1.79B-54.6%
Total Assets

$37.1B

Previous: $36B+2.9%

Revenue & EPS history

Caesars · Revenue · Quarterly

$2.29B

Q1 2022+34.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Caesars · $2.29B total across 5 segments · Q1 2022

  • Regional
    $1.36B+23.0%
  • Las Vegas
    $914M+83.9%
  • Managed & Branded
    $66M-26.7%
  • Corporate & Other
    $2M-50.0%
  • Caesars Digital
    -$53M

Forward guidance

Consumer trends remain healthy and the company is optimistic for the balance of the year and anticipates significant debt reduction in 2022 through a combination of strong operating cash flows and expected asset sale proceeds.

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 2022

Historical avgQ1 2022

-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

Earnings price reactions
QuarterReport dateReaction (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