Caesars Entertainment, Inc. Reports Third Quarter 2020 Results
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Caesars Entertainment (CZR) Misses Q3 EPS by $3.94, Revenues Miss
November 5, 2020 4:48 PM ESTCaesars Entertainment (NASDAQ: CZR) reported Q3 EPS of ($6.09), $3.94 worse than the analyst estimate of ($2.15). Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.69 billion.
Third Quarter 2020 and Recent Highlights:
Net revenues of $1.4 billion, an increase of 52% on a GAAP basis and a decrease of 34% on a same-store basis versus the comparable prior-year period.Net loss of $926 million compared to net income of $37 million for the comparable prior-year period.Same-store Adjusted EBITDA of $463 million versus $810 million for the comparable prior-year period.Eldorado... More