Caesars Entertainment (CZR) shares plunged 11.8% despite reporting strong Q3 results with net revenue reaching $2.9 billion. The decline occurred even as the company highlighted the recovery of its Las Vegas operations and reaffirmed its goal of achieving 20% digital growth by 2026.
Caesars continues to invest in its digital business and strategically reinvest in its customer database.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.