Description
Overview of Caesars Entertainment, Inc Q3FY24 Report
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q3FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q3FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the report for the Q3FY24 with reports for previous quarters up to the Q3FY23;
- 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;
- Caesars - 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 Q3FY24 Period is from July 1, to September 30, 2024.
Short Insights
- Net Revenue was 2,874 million USD, an increase of 1.55% compared to 2,830 million USD in Q2FY24;
- Adjusted EBITDA of 1,001 million USD, a decrease of 4.03% compared to 1,043 million USD in comparable prior-year period;
- On July 5, 2024, Caesars Entertainment, Inc. announced the acquisition of ZeroFlucs Group Pty Ltd, a provider of sports betting software;
- On August 1, 2024, Caesars Entertainment, Inc. announced the sale of intellectual property rights to the World Series of Poker brand to NSUS Group Inc., an investment group in iGaming.
