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Mar 31
Caesars Q1 2025 Earnings Report
Results for the First Quarter Ended March 31, 2025
Key Takeaways
Caesars Entertainment reported GAAP net revenues of $2.8 billion for the first quarter of 2025, up from $2.7 billion in the prior-year period. The company's net loss attributable to Caesars improved to $115 million compared to a net loss of $158 million in the first quarter of 2024. Adjusted EBITDA increased by 4% year-over-year to $884 million, driven by strong performance in the Digital and Regional segments.
GAAP net revenues increased to $2.8 billion in Q1 2025 from $2.7 billion in Q1 2024.
Net loss attributable to Caesars improved to $115 million in Q1 2025 from $158 million in Q1 2024.
Adjusted EBITDA grew 4% year-over-year to $884 million.
Caesars Digital segment achieved a new Q1 record for Adjusted EBITDA at $43 million.
Caesars
Caesars
Caesars Revenue by Segment
Caesars Revenue by Geographic Location
Revenue by Segment
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comRevenue by Geographic Location
Las Vegas Revenue
CapyFin.comRegional Revenue
CapyFin.comCaesars Digital Revenue
CapyFin.comManaged and Branded Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Caesars expects 2025 to benefit from significantly lower capital expenditures and cash interest expense compared to the prior year, leading to a substantial improvement in free cash flow. The company plans to use this increased free cash flow to continue reducing debt and opportunistically repurchase shares.
Positive Outlook
- Expectation of meaningfully lower year-over-year capital expenditures in 2025.
- Expectation of meaningfully lower year-over-year cash interest expense in 2025.
- Strong operating fundamentals are anticipated to continue.
- Significant improvement in free cash flow expected in 2025.
- Plans to continue reducing debt.
- Plans for opportunistic share repurchases during market dislocations.