Caesars Q1 revenue rises 2.7%, beats estimates

Caesars Entertainment

28/04/2026 21:09

Overview

US casino-entertainment firm's Q1 revenue rose 2.7%, beating analyst expectations

Q1 net loss narrowed to $98 mln from $115 mln a year earlier

Adjusted EBITDA was nearly flat at $887 mln

Outlook

Company expects strong free cash flow in 2026 from operating momentum, lower interest and capex

Result Drivers

DIGITAL GROWTH - Caesars Digital posted record Q1 revenue and adjusted EBITDA, contributing to overall growth

LAS VEGAS HOSPITALITY - Las Vegas segment saw continued improvement, with 95.3% occupancy and year-over-year growth in average daily rate

REGIONAL SEGMENT STABILITY - Regional segment delivered improved adjusted EBITDA year over year after excluding prior-year Super Bowl benefit

Company press release: ID:nBw1XKfcja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$2.90 bln
$2.85 bln (17 Analysts)
Q1 Net Income
-$98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Caesars Entertainment Inc is $33.50, about 19.5% above its April 27 closing price of $28.03

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)