Caesars Entertainment Q4 Earnings Beat, Revenues Miss, Stock Up

Core Insights - Caesars Entertainment, Inc. (CZR) reported adjusted earnings per share (EPS) of five cents, exceeding the Zacks Consensus Estimate of a loss per share of 15 cents by 133.3% [3] - The company's net revenues for Q4 2024 were $2.8 billion, slightly missing the consensus mark of $2.81 billion by 0.4% and declining 0.9% year over year [3] - The performance was supported by lower total operating expenses and stable conditions in Las Vegas, with high occupancy rates and strong average daily rates (ADRs) [2][3] Financial Performance - Adjusted EBITDA for the Las Vegas segment was $481 million, down from $489 million in the prior year [4] - The Regional segment's net revenues were $1.34 billion, down from $1.36 billion year over year, with adjusted EBITDA of $410 million, down from $431 million [4] - Caesars Digital segment reported net revenues of $302 million, a decrease of 0.7% year over year, with adjusted EBITDA of $20 million, down from $29 million [5] Balance Sheet - As of December 31, 2024, Caesars Entertainment had cash and cash equivalents of $866 million, down from $1.01 billion at the end of 2023 [7] - The company's net debt remained relatively flat at $11.43 billion compared to the end of 2023 [7] Market Reaction - Following the announcement of the results, CZR stock increased by 1% during after-hours trading [2]