Description
Overview of 1st quarter of 2024 fiscal year of Caesars Entertainment Inc.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q1FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q1FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q1FY24 report with the reports from previous quarters of the current fiscal year and Q1FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- CE - Caesars Entertainment Inc;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Caesars Entertainment Inc Annual Report Period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
- Net revenue of 2,742 million USD, a decrease of 3.11%, compared to Q1FY23;
- CE increased promotional activity with the launch of Caesars Sportsbook in March 2024;
- Net loss had an increase of 16.18%, amounting to 158 million USD;
- Caesars Digital Adjusted EBITDA of 5 million USD, compared to a loss of 4 million USD for the comparable prior-year period.
