NASDAQ$CZR

Caesars Entertainment Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Caesars Entertainment reported Q1 2025 net revenues of $2.79B with a net loss of $98M and diluted loss per share of $0.54.

Net revenues were $2.79 billion for the quarter ended March 31, 2025, with regional properties benefiting from new openings. The net loss was $98 million ($0.54 diluted LPS) amid higher depreciation from recent projects and interest expense. Las Vegas and digital trends remain outlook focuses.

  • Q1 net revenues $2.79B; operating income $488M.
  • Net loss $98M; diluted LPS $0.54.
  • Regional net revenues improved on new properties.
  • Interest expense and competition affect regional margins.

Headline financials

Total Revenue

$2.79B

Previous: $2.74B+1.9%
EPS (adj)

-$0.54

Previous: -$0.73+26.0%
Adjusted EBITDA

$884M

Previous: $853M+3.6%
Same-Store Adj EBITDA

$884M

Previous: $849M+4.1%
Digital Adj EBITDA

$43M

Previous: $5M+760.0%
Capital Expenditures

-$223M

Previous: -$264M+15.5%
Net Income

-$98M

Previous: -$158M+38.0%
Operating Income

$488M

Previous: $485M+0.6%

Revenue & EPS history

Caesars · Revenue · Quarterly

$2.79B

Q1 2025+1.9%vs Q1 2024
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Caesars · $2.99B total across 5 segments · Q3 2023

  • Regional
    $1.57B+2.3%
  • Las Vegas
    $1.12B+4.0%
  • Caesars Digital
    $215M+1.4%
  • Managed & Branded
    $98M+40.0%
  • Corporate & Other
    -$4M-100.0%

Forward guidance

Outlook emphasizes milestones, liquidity runway, and cost discipline.

Tailwinds

  • Pipeline progress and partnership economics.
  • Cash supports near-term operating plans.

Headwinds

  • Operating losses until commercial scale.
  • Financing and competition affect funding costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+5.5%

Avg return

30 days after

48%

22 / 46 earnings

Positive

+13.0%

Q4 2025

Best reaction

-15.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+0.3%+6.3%
Q4 2025+13.0%+6.7%+41.2%
Q3 2025-15.4%-7.4%+5.3%
Q1 2025-3.3%-1.3%-4.0%
Q4 2024-0.9%-9.8%-26.4%
Q3 2024-8.7%-13.9%-16.0%
Q2 2024+9.4%-2.4%+1.8%
Q1 2024-3.2%-6.0%-15.2%
Q4 2023-0.6%-2.0%-2.1%
Q3 2023-1.5%+10.8%+11.5%
Q2 2023-6.3%-6.0%-6.4%
Q1 2023-5.4%-3.9%-10.4%
Q4 2022+2.3%-5.2%-20.3%
Q3 2022+0.8%-2.5%+18.5%
Q2 2022+7.0%+3.5%-7.7%
Q1 2022-2.9%-12.3%-24.1%
Q4 2021-0.8%+6.8%-0.4%
Q3 2021-1.2%-5.0%-19.7%
Q2 2021-1.7%+4.6%+19.7%
Q1 2021+6.3%+9.1%+13.1%
Q4 2020+4.0%+3.5%-2.5%
Q3 2020+9.0%+15.5%+41.5%
Q2 2020+4.3%+6.6%+40.2%
Q1 2020+2.7%+10.1%+89.0%
Q4 2019-4.2%-18.3%-72.8%
Q3 2019+0.3%+6.9%+10.8%
Q2 2019-1.9%-6.4%-11.8%
Q1 2019-2.2%-2.0%-0.4%
Q4 2018-5.9%+0.0%+4.7%
Q3 2018+10.9%+2.1%+20.5%
Q2 2018-14.2%-0.7%+12.1%
Q1 2018+0.0%+4.6%+12.7%
Q4 2017+2.0%+8.2%+0.1%
Q3 2017+0.0%+11.3%+19.1%
Q2 2017+1.2%-3.2%+12.4%
Q1 2017+1.3%+4.4%+8.9%
Q4 2016+4.5%+1.8%+14.5%
Q3 2016+2.2%+16.7%+53.7%
Q2 2016-1.0%-4.0%-1.9%
Q1 2016+0.3%
Q4 2015+0.3%
Q3 2015-10.4%
Q2 2015+8.5%
Q1 2015+6.3%
Q4 2014-0.2%
Q3 2014-7.9%
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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