Caesars Entertainment GAAP EPS of -$1.23 misses by $1.04, revenue of $2.9B beats by $20M

Caesars Entertainment press release (CZR): Q4 GAAP EPS of -$1.23 misses by $1.04.
Revenue of $2.9B (+3.6% Y/Y) beats by $20M.
- GAAP net loss of $250 million compared to net income of $11 million for the comparable prior-year period, with the decrease primarily driven by gains on asset sales in the prior year period of over $350 million.
- Same-store Adjusted EBITDA of $901 million versus $882 million for the comparable prior-year period.
- Caesars Digital Adjusted EBITDA of $85 million versus $20 million for the comparable prior-year period.
Full Year Results:
- GAAP net revenues of $11.5 billion versus $11.2 billion for the comparable prior-year period.
- GAAP net loss of $502 million compared to net loss of $278 million for the comparable prior-year period, with the decrease primarily driven by gains on asset sales in the prior year period of over $350 million.
- Same-store Adjusted EBITDA of $3.6 billion versus $3.7 billion for the comparable prior-year period.
- Caesars Digital Adjusted EBITDA of $236 million versus $117 million for the comparable prior-year period.