Caesars Entertainment (CZR) Q1 2025 Earnings Call April 29, 2025 05:00 PM ET Company Participants Brian Agnew - Senior Vice President of Corporate Finance, Treasurer & Investor RelationsAnthony Carano - President and Chief Operating OfficerEric Hession - President, Caesars Sports & Online GamingBret Yunker - Chief Financial OfficerTom Reeg - Chief Executive OfficerSteven Wieczynski - Managing DirectorDavid Katz - Managing DirectorBarry Jonas - Managing DirectorJohn Decree - Director - Equity ResearchStephen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36629 CAESARS ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporat ...

Exhibit 99.1 Caesars Entertainment, Inc. Reports First Quarter 2025 Results LAS VEGAS and RENO, Nev. (April 29, 2025) – Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or "the Company") today reported operating results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Highlights: Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, "During the first quarter of 2025, consolidated Adjusted EBITDA grew 4% over prior year driven by significant ...

Caesars Entertainment, Inc. (CZR) is scheduled to report first-quarter 2025 results on April 29, after the closing bell. In the last reported quarter, the company reported a negative earnings surprise of 133.3%. The consensus estimate for total Las Vegas revenues is pegged at $1.03 billion, indicating a slight decrease of 0.2% from the year-ago levels. The Zacks Consensus Estimate for total Caesars Digital revenues is pegged at $336 million, indicating a 19.1% increase from the year-ago levels. Meanwhile, t ...

The market expects Caesars Entertainment (CZR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 29, 2025, might help the stock move higher if these key numb ...

A month has gone by since the last earnings report for Caesars Entertainment (CZR) . Shares have lost about 20.1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Caesars Entertainment due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving ...

Company Overview - Caesars Entertainment operates through several segments including Las Vegas, Regional, Caesars Digital, and Managed and Branded properties, offering a range of gaming, entertainment, and hospitality services [1] - The company has properties under the Caesars, Harrah's, Horseshoe, and Eldorado brand names [1] Recent Developments - Carl Icahn and Caesars reached an agreement to expand the board to 12 directors, appointing Jesse Lynn and Ted Papapostolou as new directors [2][5] - Icahn has a history with Caesars, advocating for a strategic review and supporting the merger with Eldorado in 2020 [3][4] Financial Performance - Caesars' revenue increased from $9.6 billion in 2021 to $11.2 billion, with operating income rising from $1.7 billion to $2.3 billion [4] - Despite revenue growth, Caesars' stock price has declined below pre-merger levels, indicating market challenges [4] Digital Business Insights - Caesars Digital generated $1.16 billion in revenue in 2024, accounting for 10.3% of total revenue, with a 19.5% growth from the previous year [5] - Digital's EBITDAR surged 207.9% from 2023 to 2024, with projections for another 160.9% increase in 2025 [5] - The digital segment is growing significantly compared to the stagnation in the brick-and-mortar segments, which saw revenue declines [5] Strategic Considerations - A potential spin-off of Caesars Digital could unlock significant value, with estimates suggesting a standalone valuation of $4.6 billion to $7.6 billion [5] - The separation would allow investors to choose between a stable legacy casino business and a high-growth digital business [5] - Icahn's involvement is seen as a positive influence, with expectations that he will work creatively to maximize shareholder value [7][8]

Core Insights - Bluesky CEO Jay Graber emphasized the need for decentralized decision-making in social media, contrasting with the centralized control seen in platforms like X and Meta [3][5][8] - The platform aims to provide a user-friendly experience, allowing users to easily register and navigate without needing extensive technical knowledge [12] - Bluesky has over 30 million users and is rapidly expanding, although it still lags behind competitors like X and Meta's Threads, which has nearly ten times as many users [7][11] Company Overview - Bluesky was initially a side project at Twitter but became independent before Elon Musk's acquisition of Twitter [7] - The leadership team consists of two women, Graber and Wang, who lead a global team of about 20 people [7] - The platform is designed to allow users to create personalized experiences through specialized content feeds [9][10] Market Position - Bluesky is attracting left-leaning users seeking alternatives to X's perceived toxicity and right-wing bias [11] - The platform distinguishes itself from competitors like Mastodon by prioritizing simplicity in user registration and navigation [12] - Despite its growth, Bluesky faces challenges in scaling and developing sophisticated tools compared to established platforms [13] Future Outlook - The company views 2025 as a pivotal year for growth and aims to create a safe, moderated space for users to engage and connect [14] - Bluesky is introducing creator-friendly features, which may enhance its appeal to content creators seeking more control [13]

I've been contributing to Seeking Alpha and other investment websites since 2011, with a general (though far from rigid) focus on value over growth. I got my Series 7 and 63 back in 1999, and watched the dot-com bubble peak and then burst in real time at a small, tech-focused retail brokerage in NYC.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article mysel ...

Core Insights - Caesars Entertainment, Inc. (CZR) reported adjusted earnings per share (EPS) of five cents, exceeding the Zacks Consensus Estimate of a loss per share of 15 cents by 133.3% [3] - The company's net revenues for Q4 2024 were $2.8 billion, slightly missing the consensus mark of $2.81 billion by 0.4% and declining 0.9% year over year [3] - The performance was supported by lower total operating expenses and stable conditions in Las Vegas, with high occupancy rates and strong average daily rates (ADRs) [2][3] Financial Performance - Adjusted EBITDA for the Las Vegas segment was $481 million, down from $489 million in the prior year [4] - The Regional segment's net revenues were $1.34 billion, down from $1.36 billion year over year, with adjusted EBITDA of $410 million, down from $431 million [4] - Caesars Digital segment reported net revenues of $302 million, a decrease of 0.7% year over year, with adjusted EBITDA of $20 million, down from $29 million [5] Balance Sheet - As of December 31, 2024, Caesars Entertainment had cash and cash equivalents of $866 million, down from $1.01 billion at the end of 2023 [7] - The company's net debt remained relatively flat at $11.43 billion compared to the end of 2023 [7] Market Reaction - Following the announcement of the results, CZR stock increased by 1% during after-hours trading [2]