Caesars Entertainment revenue increases in Q4
The company reported net revenue of $2.9bn, compared to $2.8bn for the same period in 2024.
US.- Caesars Entertainment has reported operating results for the fourth quarter and full year ended December 31, 2025. In Q4, net revenue totalled $2.9bn, compared to $2.8bn for the prior-year period. The company reported a net loss of $250m compared to a net income of $11m for Q4 2024, primarily due to gains on asset sales in the prior year period.
Adjusted EBITDA was $901m compared to $882m. Caesars Digital’s adjusted EBITDA was $85m, up from $20m.
For the full year, net revenue was $11.5bn compared to $11.2bn for the comparable prior-year period. A net loss of $502m compared to net loss of $278m in 2024. Adjusted EBITDA was $3.6bn versus $3.7bn. Caesars Digital reported adjusted EBITDA of $236m compared to $117m.
Tom Reeg, chief executive officer of Caesars Entertainment, said: “Fourth quarter consolidated same-store adjusted EBITDA grew year over year driven by Caesars Digital, which set a new quarterly record of $85m, stable results in our Regional segment and a quarterly sequential improvement in operating trends in Las Vegas.
“As we look ahead to 2026, the brick-and-mortar operating environment remains stable, and we are expecting another year of strong Net revenue and adjusted EBITDA growth in our Caesars Digital segment. When combined with lower capex and cash interest expense, 2026 is forecasted to deliver strong free cash flow that we expect to use to pay down debt and opportunistically repurchase our common stock.”
