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After a Strong Q4, Caesars Entertainment Stock Is 1 to Watch

TheMotleyFool

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After a Strong Q4, Caesars Entertainment Stock Is 1 to Watch: https://g.foolcdn.com/editorial/images/722335/cplv_exterior_daveburk-06-2016_160401_001_aLkInze.jpg

With strong demand across all verticals, Caesars Entertainment (NASDAQ: CZR) delivered impressive Q4 and full-year 2022 earnings.

Though the casino industry is rebounding from its COVID-19-induced lull, Caesars Entertainment stock still trades roughly 58% down from its September 2021 highs. Let's take a closer look at the company's recent performance and why I think this casino stock is one to watch.

For the fourth quarter, GAAP net revenue landed at $2.8 billion, a nearly 8% increase year over year. And although Caesars ended Q4 with a net loss of $148 million, it marks significant improvement over the year-ago loss of $434 million.

Source Fool.com

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