NASDAQ$CZR

Caesars Entertainment Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Caesars reported Q1 2026 net loss attributable to Caesars of $98M, with diluted loss per share of $0.48.

Operating income was $500 million on regional and Las Vegas gaming operations. Net loss attributable to Caesars was $98 million, or $0.48 per share, versus a $115 million loss a year ago, as interest and depreciation below the operating line persisted.

  • Operating income $500M.
  • Net loss to Caesars $(98)M; EPS $(0.48).
  • Loss narrowed vs. $(115)M prior year.
  • Digital and regional casino mix.

Headline financials

Total Revenue

$2.87B

Previous: $2.79B+2.7%
EPS (adj)

-$0.48

Previous: -$0.54+11.1%
Capital Expenditures

-$168M

Previous: -$223M+24.7%
Net Income

-$98M

Previous: -$98M+0.0%
Operating Income

$500M

Previous: $488M+2.5%

Revenue & EPS history

Caesars · Revenue · Quarterly

$2.87B

Q1 2026+2.7%vs Q1 2025
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

Gaming outlook discusses Las Vegas trends, regional markets, and digital/iGaming; no GAAP EPS guide.

Tailwinds

  • Operating income positive at $500M.
  • Net loss improved YoY.
  • Omni-channel strategy scaling.

Headwinds

  • Still GAAP unprofitable.
  • High interest expense on leverage.
  • Competitive promotional environment.

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 2026

Historical avgQ1 2026

-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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