Caesars posts $11 million Q4 net income as revenue falls to $2.80 billion
Caesars Entertainment reported fourth-quarter and full-year 2024 results. Q4 net revenues fell to $2.80 billion from $2.83 billion, while net income attributable to Caesars was $11 million, compared with a net loss of $72 million a year earlier. For the full year, the company posted a net loss of $278 million, versus net income of $786 million in 2023, a decline the company attributes mainly to a $940 million tax valuation allowance release in the prior year.
Key points
- Q4 2024 net revenues were $2.80 billion versus $2.83 billion; same-store Adjusted EBITDA was $882 million versus $924 million.
- Full-year 2024 net revenues were $11.2 billion versus $11.5 billion, and full-year net loss was $278 million versus net income of $786 million.
- In Q4, the company used WSOP and Promenade sale proceeds to reduce debt by $500 million and repurchased $50 million of common stock.
- As of December 31, 2024, total debt outstanding was $12.3 billion and cash and cash equivalents were $866 million.
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 February 25, 2025.
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.