Caesars Entertainment Corporation (CZR)

Pretax margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	-102,000	-188,000	-249,000	-338,000	-940,000	-1,348,000	-1,731,000	-1,590,000	-1,302,000	-1,242,000	-1,707,000	-1,911,000	-1,625,000	-1,143,219	-300,219	-136,865	124,769	141,587	144,271	160,926
Revenue (ttm)	US$ in thousands	9,002,000	8,914,000	8,808,000	8,788,000	8,497,000	8,297,000	8,000,000	7,631,000	7,022,000	6,554,000	6,226,000	4,375,334	3,638,781	2,733,905	1,646,701	2,153,324	2,331,508	2,411,144	2,274,406	2,135,269
Pretax margin		-1.13%	-2.11%	-2.83%	-3.85%	-11.06%	-16.25%	-21.64%	-20.84%	-18.54%	-18.95%	-27.42%	-43.68%	-44.66%	-41.82%	-18.23%	-6.36%	5.35%	5.87%	6.34%	7.54%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-102,000K ÷ $9,002,000K
= -1.13%

The pretax margin of Caesars Entertainment Inc has shown improvement over the past quarters. In Q4 2023, the pretax margin was -0.52%, a better performance compared to the -1.53% in Q3 2023, -2.22% in Q2 2023, and -1.69% in Q1 2023. This positive trend reflects better cost management and operational efficiency. Furthermore, the company has significantly improved from the pretax margins of -5.22% in Q4 2022, -8.91% in Q3 2022, -12.69% in Q2 2022, and -12.96% in Q1 2022. These improvements indicate that Caesars Entertainment Inc has been able to enhance its profitability before taxes, which could be attributed to various strategic initiatives implemented by the company.