Caesars Entertainment’s revenue for the fourth quarter of 2023 is expected to be between $2.815 billion and $2.835 billion, according to preliminary reports for investors. These figures are 0.1% lower than the same period last year and fall short of the expected $2.89 billion, which was included in the annual forecast.
The company also anticipates a loss in the fourth quarter ranging from $4 million to $157 million, with EBITDA (earnings before interest, taxes, depreciation, and amortization) estimated in the range of $920 million to $940 million.
It’s important to note that these are only preliminary results and may be adjusted as Caesars completes the financial reporting process for the fourth quarter.
The company’s securities declined by 19.3% in the second half of 2023, and the current price is $46.8 per share.
Last updated on 22 Jan 2024 - 18:27
