Strong Full Year Financial Results
Caesars Entertainment delivered consolidated same-store results of $11.2 billion in net revenues and $3.7 billion in EBITDA for 2024, with an EBITDA margin of 33.2%.
Las Vegas Performance
Las Vegas same store net revenues during Q4 were $1.1 billion, with adjusted EBITDA at $478 million. Despite a 1% decline versus last year, the results were strong given the tough comparison against the inaugural F1 race in 2023.
Digital Segment Growth
The digital segment achieved all-time records in net revenue, EBITDA, and cash flow in 2024. Net revenue was $1.2 billion, up 20% year-over-year, and adjusted EBITDA rose to $117 million from $38 million the previous year.
iGaming Success
iGaming showed exceptionally strong performance with 65% net revenue growth in Q4. The launch of new apps and branded studios are contributing factors.
Debt Reduction and Stock Buyback
Caesars Entertainment used asset sale proceeds to repay $500 million in debt and repurchase stock, acquiring 5.1 million shares at an average price of $37 per share.