NASDAQ$CZR

Caesars Entertainment Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported operating results reflecting a consolidated EBITDA record for brick and mortar properties and improved digital segment performance.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion for the second quarter of 2022, compared to $2.5 billion for the prior-year period. The company's GAAP net loss was $123 million, a decrease from the net income of $71 million in the comparable prior-year period. Same-store Adjusted EBITDA was $978 million, compared to $1.0 billion for the comparable prior-year period.

  • GAAP net revenues reached $2.8 billion, up from $2.5 billion in the prior-year period.
  • GAAP net loss was $123 million, compared to a net income of $71 million in the prior-year period.
  • Same-store Adjusted EBITDA was $978 million, versus $1.0 billion in the prior-year period.
  • The company repaid approximately $770 million of outstanding debt year-to-date as of July 2022.

Headline financials

Total Revenue

$2.82B

Previous: $2.5B+12.7%
EPS (adj)

$0.16

Previous: $0.59-72.9%
Adjusted EBITDA

$978M

Previous: $1.02B-4.1%
Capital Expenditures

-$471M

Previous: -$177M-166.1%
Free Cash Flow

-$594M

Previous: -$106M-460.4%
Net Income

-$123M

Previous: $71M-273.2%
Operating Income

$602M

Previous: $590M+2.0%
Gross Profit

-$105M

Previous: -$79M-32.9%
Cash & Equivalents

$997M

Previous: $1.13B-11.6%
Total Assets

$36.7B

Previous: $38.8B-5.5%

Revenue & EPS history

Caesars · Revenue · Quarterly

$2.82B

Q2 2022+12.7%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Caesars · $2.82B total across 5 segments · Q2 2022

  • Regional
    $1.46B-5.6%
  • Las Vegas
    $1.14B+33.6%
  • Caesars Digital
    $152M+29.9%
  • Managed & Branded
    $74M-14.0%
  • Corporate & Other
    -$2M-140.0%

Forward guidance

Operating results in the digital segment improved dramatically versus the first quarter and we are optimistic regarding trends in this segment for the balance of the year.

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 Q2 2022

Historical avgQ2 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

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