Quarterly ResultApr 28, 2026, 04:17 PM
CZR Q1 Revenue $2.9B; Net Loss $98M; Digital EBITDA +60.5%
AI Summary
Caesars Entertainment, Inc. reported Q1 2026 net revenues of $2.9 billion, up from $2.8 billion in the prior year, and reduced its net loss to $98 million from $115 million. Consolidated Adjusted EBITDA saw a slight increase to $887 million. The Caesars Digital segment achieved record first-quarter results with revenue of $374 million and Adjusted EBITDA of $69 million, a 60.5% increase. The company also acquired the operations of Caesars Windsor for approximately $54 million and expects strong free cash flow in 2026.
Key Highlights
- CZR Q1 2026 net revenues increased to $2.9 billion from $2.8 billion (+3.6%).
- Net loss improved to $98 million from $115 million in the prior-year period (+14.8%).
- Consolidated Adjusted EBITDA was $887 million, up 0.3% year-over-year.
- Caesars Digital Adjusted EBITDA surged 60.5% to $69 million, with revenue of $374 million (+11.6%).
- Las Vegas segment net revenues were $1.003 billion, flat year-over-year.
- Regional segment net revenues grew 3.0% to $1.430 billion.
- Acquired Caesars Windsor operations for approximately $54 million on March 3, 2026.
- Total outstanding indebtedness was $11.9 billion as of March 31, 2026.