Caesars Entertainment revenue climbs slightly in Q1
The improved performance was driven by growth in digital operations.
US.- Caesars Entertainment has reported financial results for the quarter ended March 31. Revenue was $2.8bn, an increase of 2.1 per cent compared to the same period last year. The company recorded a net loss of $115m for the quarter, an improvement from the $158m loss reported in Q1 2024. Adjusted EBITDA grew 4 per cent from $853mn in the prior quarter to $884m this year.
Las Vegas operations generated $1bn in revenue for the quarter, a decrease of 1.9 per cent. The digital segment‘s revenue was up 18.8 per cent year-on-year to $335m. Digital adjusted EBITDA grew from $5m to $43m. Regional revenue came in at $1.38bn, a year-on-year increase of 1.7 per cent, with adjusted EBITDA of $440m, a 1.6 per cent increase.
Caesars CEO Tom Reeg, said: “During the first quarter of 2025, consolidated Adjusted EBITDA grew 4 per cent 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.”
On the results, Bret Yunker, Caesars Entertainment’s chief financial officer said: “We continue to expect 2025 to benefit from meaningfully lower year-over-year capital expenditures and cash interest expense. When combined with strong operating fundamentals, free cash flow this year will show a significant improvement. Accelerating free cash flow in 2025 will allow us to continue to reduce debt alongside opportunistic share repurchases during market dislocations.”
