NASDAQ$CZR

Caesars Entertainment Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Caesars Entertainment reported strong Q4 2022 results with revenue growth and improved profitability.

Caesars Entertainment, Inc. reported GAAP net revenues of $2.8 billion for Q4 2022, compared to $2.6 billion for the prior-year period. The company's GAAP net loss was $148 million, an improvement from the $434 million net loss in the same period last year. Same-store Adjusted EBITDA was $957 million, compared to $581 million for the comparable prior-year period.

  • GAAP net revenues increased to $2.8 billion from $2.6 billion year-over-year.
  • GAAP net loss improved to $148 million from a $434 million loss year-over-year.
  • Same-store Adjusted EBITDA was $957 million, up from $581 million year-over-year.
  • Las Vegas and Regional segments each set a new fourth quarter record for Adjusted EBITDA.

Headline financials

Total Revenue

$2.82B

Previous: $2.59B+8.9%
EPS (adj)

-$0.20

Previous: -$1.14+82.5%
Adjusted EBITDA

$957M

Previous: $581M+64.7%
Capital Expenditures

$235M

Previous: $207M+13.5%
Net Income

-$148M

Previous: -$434M+65.9%
Operating Income

$488M

Previous: $122M+300.0%
Gross Profit

$1.52B

Previous: $1.12B+36.0%
Cash & Equivalents

$1.04B

Previous: $1.07B-3.0%
Total Assets

$13.1B

Previous: $38B-65.6%

Revenue & EPS history

Caesars · Revenue · Quarterly

$2.82B

Q4 2022+8.9%vs Q4 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Caesars · $2.82B total across 5 segments · Q4 2022

  • Regional
    $1.36B-0.6%
  • Las Vegas
    $1.15B+11.0%
  • Caesars Digital
    $237M+104.3%
  • Managed & Branded
    $72M+0.0%
  • Corporate & Other
    $2M+300.0%

Forward guidance

Consumer demand remains strong in all of our verticals and we are optimistic for the year ahead.

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 Q4 2022

Historical avgQ4 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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