Caesars Entertainment, Inc. reported its third quarter 2024 results, revealing a GAAP net revenue of $2.9 billion, a slight decrease from $3.0 billion year-over-year. The company experienced a GAAP net loss of $9 million, a significant decline compared to a net income of $74 million in the same quarter last year. Despite this downturn, Caesars maintained an adjusted EBITDA of $1.0 billion in same-store operations. The results were characterized as a 'double miss,' as they fell short of Wall Street estimates, leading to a post-market drop in shares by approximately 4%. The CEO noted that results in Las Vegas reflected record hotel, food and beverage, and banquet revenues, driven by strong occupancy and cash average daily rates (ADRs).