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LAS VEGAS - Caesars Entertainment, Inc. (NASDAQ:CZR) reported first quarter 2025 results that showed revenue growth, though earnings missed estimates. The casino operator’s stock rose 2% following the release.
Caesars posted Q1 revenue of $2.79 billion, up 2.1% year-over-year but slightly below analyst estimates of $2.82 billion. The company reported a net loss of $115 million, or $0.54 per share, compared to a loss of $158 million, or $0.73 per share, in the year-ago quarter. The Q1 2025 loss was wider than the $0.17 per share loss analysts expected.
Adjusted EBITDA increased 4.1% YoY to $884 million, driven by gains in the Digital segment and growth in regional operations.
"During the first quarter of 2025, consolidated Adjusted EBITDA grew 4% over prior year driven by significant gains in our Digital segment which delivered a new Q1 record, growth in our regional segment with strong contributions from recently opened properties and a solid quarter in Las Vegas against a tough Super Bowl compare last year," said CEO Tom Reeg.
The Las Vegas segment saw revenue decline 1.9% YoY to $1.0 billion. Regional revenue rose 1.7% to $1.39 billion, while Caesars Digital revenue jumped 18.8% to $335 million.
The company repurchased $100 million of shares in April at an average price of $23.84 per share. Caesars ended Q1 with $884 million in cash and $12.3 billion in total debt.
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