Caesars Entertainment reports $2.79B revenue, narrows Q1 loss

Caesars Entertainment reported a narrower net loss of $115 million for the first quarter of 2025, down from $158 million a year earlier, as overall revenue increased to $2.79 billion. The company's digital segment was a standout, posting a record 18.8% revenue growth to $335 million and driving a 4% rise in consolidated adjusted EBITDA. While Las Vegas revenues dipped by 1.9% due to tough Super Bowl comparisons, regional properties and recently opened locations contributed to growth, with regional revenue up 1.7%. Caesars' leadership highlighted expectations for lower capital expenditures and cash interest expenses in 2025, which they anticipate will result in improved free cash flow and continued debt reduction. The company also repurchased $100 million in shares during April. Strong results in digital and regional segments offset challenges in the Las Vegas market, positioning Caesars for further financial improvements in the coming year.