Caesars swings to $9 million Q3 net loss as revenue slips to $2.9 billion
Caesars Entertainment reported third quarter 2024 results on October 29, 2024, with net revenues of $2.9 billion, down from $3.0 billion a year earlier, and a net loss attributable to Caesars of $9 million, compared with net income of $74 million. Adjusted EBITDA fell to $1,001 million from $1,043 million, and management cited new competition, construction disruption and tougher comparisons in its Regional segment, while Caesars Digital posted a record quarterly Adjusted EBITDA of $52 million.
Key points
- Net revenues were $2,874 million versus $2,994 million; net loss attributable to Caesars was $9 million versus net income of $74 million.
- Adjusted EBITDA was $1,001 million versus $1,043 million, a 4.0% decline.
- Regional segment Adjusted EBITDA was $498 million versus $575 million; Caesars Digital was $52 million versus $2 million.
- As of September 30, 2024, the company had $802 million in cash and cash equivalents and $12.7 billion in aggregate debt outstanding.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.