Caesars Q3 revenue misses estimates despite regional growth

Caesars Entertainment

27/10/2026 20:12

Overview
US casino-entertainment firm's Q3 revenue was flat yr/yr and missed analyst expectations
Company posted a wider Q3 net loss compared to last year
Adjusted EBITDA for Q3 declined slightly from the prior year

Outlook
Caesars says Fertitta Entertainment acquisition remains pending

Result Drivers
REGIONAL GROWTH - Co reported higher regional revenues, offsetting declines in Las Vegas segment
DIGITAL IMPROVEMENT - Caesars Digital segment saw improved profitability in Q3
MANAGED AND BRANDED WEAKNESS - Managed and Branded segment revenues declined sharply

Company press release: ID:nBw1LDJVHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$2.90 bln
$2.96 bln (14 Analysts)
Q3 Net Loss
 
$123 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 15 "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 $31.00, about 6.9% above its October 26 closing price of $28.99

Reuters Recommended Reads
Oct 27 - Australia's Star Entertainment surges 13% as cost cuts, casino strength drive profit
Oct 27 - Hilton misses quarterly revenue estimates, warns of Mideast impact

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.)