CZR
Caesars Entertainment, Inc.23.90
-0.11-0.46%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Granular 2026 outlook, no prediction markets.
Q&A sharpened 2026 outlook: Vegas leisure remains soft but sequential gains via group business into Q2, dependent on summer recovery; Regional Q1 dips lapping Super Bowl but accelerates post-Windsor/Tahoe. Management nixed prediction markets to safeguard licenses, eyed iGaming lifts in Maine and Virginia. Free cash flow balances debt paydown, buybacks—no digital spin amid weak valuations. Analysts pressed leisure woes; Reeg dismissed crisis, citing record occupancy. Shoulders slump, peaks deliver.
Key Stats
Market Cap
4.97BP/E (TTM)
-Basic EPS (TTM)
-1.15Dividend Yield
0%Recent Filings
8-K
Q4 revenues up, Digital surges
Caesars Entertainment reported Q4 net revenues of $2.9B, up from $2.8B, but a $250M net loss versus $11M income last year due to absent $350M+ asset sale gains. Same-store Adjusted EBITDA rose 2.2% to $901M, powered by Caesars Digital's record $85M—up from $20M. Digital to drive 2026 growth amid stable brick-and-mortar. Debt repurchases totaled $420M.
10-K
FY2025 results
Caesars Entertainment posted FY2025 net revenues of $11.5B, up 2.1% y/y, with Caesars Digital surging 21% to $1.4B on 28% iGaming handle growth to $19B and hold ticking to 3.6%, while sports betting hold improved to 8.1%. Las Vegas dipped 5% amid city-wide visitation weakness, yet Regional climbed 4% buoyed by new Caesars Virginia and New Orleans openings. Adjusted EBITDA slipped to $3.6B from $3.7B as labor costs rose; Q4 momentum showed Digital acceleration. Debt fell to $11.9B with $1.9B revolver capacity; $229M buybacks trimmed shares. Intense competition threatens quarterly volumes.
8-K
Q3 revenues flat, EBITDA down
Caesars Entertainment reported Q3 2025 net revenues flat at $2.9 billion, but same-store Adjusted EBITDA dropped 11.2% to $884 million, hit by Las Vegas declines from lower visitation and poor table games hold, while regional operations grew 1.6% to $506 million. Digital volumes surged, yet EBITDA fell 46.2% to $28 million due to weak sports hold. Share repurchases totaled $100 million in the quarter. Looking ahead, stronger Las Vegas occupancy and digital momentum should lift Q4 performance.
10-Q
Q3 FY2025 results
Caesars Entertainment's Q3 revenue held steady at $2.9B, flat y/y but down from Q2's $2.9B (derived), as casino gains offset softer Las Vegas hotel and other lines. Operating income fell to $513M from $644M y/y, with margins squeezed by higher labor and gaming taxes, while net loss widened to $55M on elevated interest despite a $20M drop in net expense to $576M. Regional strength from new projects lifted casino revenue 2.7% y/y to $1.6B, but Digital's EBITDA halved to $28M on lost WSOP licensing and tax hikes. Cash from operations hit $998M YTD, funding $179M in buybacks; debt trimmed to $11.7B with $1.9B revolver availability. Yet competition erodes edges in crowded markets.
IPO
Website
Employees
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