Caesars Q3 revenue misses estimates despite regional growth
CZR•Caesars reported Q3 revenue of $2.90 billion, below the $2.96 billion estimate, while revenue was flat year over year and its net loss widened to $123 million.
1. Quarterly results
Higher regional revenue and improved profitability at Caesars Digital were offset by declines in Las Vegas and sharply lower Managed and Branded revenue. Adjusted EBITDA declined slightly from a year earlier, and the company said its acquisition of Fertitta Entertainment remains pending.
