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Caesars Entertainment, Inc. CZR reported mixed first-quarter 2025 results with earnings missing the Zacks Consensus Estimate and revenues surpassing the same. Nonetheless, both top and bottom lines improved on a year-over-year basis.
The company’s first-quarter performance was driven by record results in the Digital segment. Growth in the regional segment, supported by recently opened properties, and solid performance in Las Vegas, despite a tough comparison to last year’s Super Bowl period, also aided the quarter’s performance.
CZR’s Q1 Earnings & Revenue Discussion
During the quarter, the company recorded an adjusted loss per share of 54 cents, wider than the Zacks Consensus Estimate of a loss of 19 cents. The company reported an adjusted loss per share of 55 cents in the prior-year quarter. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)
Caesars Entertainment, Inc. Price, Consensus and EPS Surprise
Caesars Entertainment, Inc. price-consensus-eps-surprise-chart | Caesars Entertainment, Inc. Quote
Net revenues of $2.79 billion marginally topped the consensus mark of $2.78 billion by 0.5% and increased 1.9% year over year.
Segmental Performance of Caesars Entertainment
Las Vegas: Net revenues in this segment totaled $1 billion, down 2.4% from $1.03 billion reported in the year-ago quarter. The segment’s adjusted EBITDA was $433 million, down from $440 million in the prior year quarter.
Regional: The segment’s quarterly net revenues were $1.39 billion, up year over year from $1.37 billion. Adjusted EBITDA reached $440 million, up from $433 million in the prior-year quarter.
Caesars Digital: The segment’s net revenues were $335 million, up 18.8% year over year from $282 million. Adjusted EBITDA totaled $43 million, up from $5 million in the year-ago quarter.
Managed and Branded: Net revenues in this segment totaled $67 million, down year over year from $68 million. The segment’s adjusted EBITDA was $16 million, down from $18 million in the prior-year quarter.
Corporate and Other: The segment’s net revenues were $1 million against $(1) million reported a year ago. Adjusted EBITDA totaled $(48) million compared with $(43) million in the year-ago quarter.
Balance Sheet of CZR
As of March 31, 2025, Caesars Entertainment’s cash and cash equivalents were $884 million, up from $866 million as of Dec. 31, 2024.
Net debt, as of March 31, 2025, was $11.42 billion, slightly down from $11.43 billion as of Dec. 31, 2024.
CZR’s Zacks Rank & Recent Consumer Discretionary Releases
Caesars Entertainment currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here.
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