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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.89B | 2.2% |
| Gross Profit | 2.04B | 72.2% |
| Cost of Revenue | 856M | 48.1% |
| Operating expense | 856M | 57.1% |
| Net Income | -9M | 91.2% |
| EBITDA | 378M | 60.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 33B | 0% |
| Total Liabilities | 28.6B | 0% |
| Total Equity | 4.18B | 0% |
| Shares Outstanding | 215M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 335M | 428.4% |
EPS
Financial Highlights for Caesars Entertainment in Q3 '24
Caesars Entertainment reported a revenue of 2.89B, which is a 2.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.04B, marking a 72.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 856M, a -48.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 856M, showing a 57.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -9M, showing a 91.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 378M, showing a -60.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Caesars Entertainment with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
