Caesars Digital reports $29m fourth-quarter adjusted EBITDA
Caesars Entertainment said its digital division generated $304 million in revenue and $29 million in adjusted EBITDA in the fourth quarter of 2023. Revenue rose about 28% year on year, while adjusted EBITDA improved from a $5 million loss in the same 2022 quarter. President Eric Hession said unfavourable sports results reduced adjusted EBITDA from a potential level closer to $60 million.
The results show the digital division's profitability and revenue performance as Caesars plans further product improvements in 2024.