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Caesars Digital reports $29m fourth-quarter adjusted EBITDA

Results

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.

End-of-day close Caesars Entertainment (CZR), USD, to 5 April 2024
Story date8 January 20245 April 2024

Latest reported results

Caesars Entertainment NASDAQ: CZR

Quarter ended 30 September 2026

Revenue
USD 2.94bn10-Q filing 0001590895-26-000033
Operating income
USD 457.0m10-Q filing 0001590895-26-000033

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Caesars reports Q3 revenue of $2.9bn and net loss of $123m

Caesars Entertainment reported third-quarter revenue of $2.9bn, up 2.5% year on year, and a net loss of $123m. Its adjusted EBITDA was $865m, while Caesars Digital’s adjusted EBITDA rose to $44m from $28m in Q3 2025. Separately, reports say chief executive Tom Reeg will lead Fertitta Entertainment’s leisure operations after its planned acquisition of Caesars; the report says Caesars skipped its quarterly call while a definitive agreement is pending.

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