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 16 quarters(44%)
ActualEstimate

Revenue by segment

Caesars · $2.91B total across 4 segments · Q2 2025

  • Regional
    $1.44B—
  • Las Vegas
    $1.05B—
  • Caesars Digital
    $343M—
  • Managed and Branded
    $74M—

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 19 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
Q2 2025———
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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