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Caesars Stock Drops On Q3 Earnings Miss: Details
Benzinga· 2025-10-28 20:53
Caesars Entertainment, Inc. (NASDAQ:CZR) shares traded lower in Tuesday’s extended session after the casino operator missed earnings and revenue estimates in the third quarter.  Here's a look at the key figures from the quarter. CZR stock is down. See the real-time price action here.The Details: Caesars Entertainment reported quarterly losses of 27 cents per share. It missed the analyst estimate for earnings of one cent.Quarterly revenue came in at $2.86 billion, missing the Street estimate of $2.89 billion ...
Caesars Entertainment(CZR) - 2025 Q3 - Quarterly Report
2025-10-28 20:22
Financial Performance - For the three months ended September 30, 2025, total net revenues were $2,869 million, a slight decrease from $2,874 million in the same period of 2024[165]. - Adjusted EBITDA for the total company was $884 million for the three months ended September 30, 2025, down from $1,001 million in 2024, resulting in an Adjusted EBITDA margin of 30.8%[165]. - The company reported a net loss of $39 million for the three months ended September 30, 2025, compared to a net income of $9 million in the same period of 2024[165]. - During the nine months ended September 30, 2025, total net revenues were $8,570 million, an increase from $8,446 million in 2024[165]. - Adjusted EBITDA for Q3 2025 was $884 million, a decrease of 11.7% from $1,001 million in Q3 2024[200]. - For the nine months ended September 30, 2025, Adjusted EBITDA totaled $2,723 million, down 4.6% from $2,854 million in the same period of 2024[200]. Segment Performance - Caesars Digital segment reported net revenues of $311 million for the three months ended September 30, 2025, compared to $303 million in 2024, reflecting a growth of 2.6%[165]. - The Las Vegas segment generated net revenues of $952 million for the three months ended September 30, 2025, compared to $1,062 million in 2024, indicating a decline of 10.4%[165]. - The Regional segment saw an increase in net revenues to $1,536 million for the three months ended September 30, 2025, up from $1,446 million in 2024, marking a growth of 6.2%[165]. - Adjusted EBITDA for the Las Vegas segment decreased by 19.7% to $379 million for the three months and by 10.2% to $1,281 million for the nine months, reflecting lower visitation trends and unfavorable gaming hold[184]. - Adjusted EBITDA for the Regional segment was $506 million, a slight increase of $8 million (1.6%) from $498 million in the same period last year[187]. - Adjusted EBITDA for Caesars Digital decreased by $24 million (46.2%) to $28 million for the three months ended September 30, 2025, compared to $52 million in 2024[190]. Revenue and Expense Trends - Net revenues for the three months ended September 30, 2025, were $2,869 million, a slight decrease of 0.2% compared to $2,874 million in 2024, while net revenues for the nine months increased by 1.5% to $8,570 million from $8,446 million[167]. - Total operating expenses rose by 5.7% to $2,356 million for the three months and by 3.4% to $7,043 million for the nine months, primarily due to increased casino expenses and depreciation[168]. - Interest expense, net decreased by 3.4% to $(576) million for the three months and by 2.9% to $(1,729) million for the nine months, attributed to a reduction in outstanding debt and a shift to variable rate debt[177]. Cash Flow and Capital Management - Operating cash inflows for the nine months ended September 30, 2025, were $998 million, compared to $766 million for the same period in 2024, reflecting improved working capital management[203]. - As of September 30, 2025, the company had cash and cash equivalents of $836 million and total borrowing capacity of $2,792 million[203]. - Capital expenditures for the nine months ended September 30, 2025, were $648 million, down from $1.0 billion in the same period of 2024[210]. - The company has authorized a $500 million common stock repurchase program, with $271 million remaining for future repurchases as of September 30, 2025[204]. Debt and Financial Obligations - The company expects estimated lease payments to VICI and GLPI to be approximately $338 million for the remainder of 2025[207]. - Debt service obligations for the remainder of 2025 are estimated at approximately $188 million[207]. - The company redeemed $546 million of CEI Senior Notes due 2027 in July 2025, funded through the CEI Revolving Credit Facility[205]. - Long-term variable-rate borrowings totaled $6.1 billion as of September 30, 2025, representing approximately 51% of consolidated long-term debt[228]. - The weighted average interest rates on the company's variable and fixed rate debt were 6.53% and 6.18%, respectively[228]. Market Risk and Compliance - The company is exposed to market risk primarily from variable rate long-term debt arrangements and manages this risk by monitoring interest rates[227]. - The company has utilized derivative financial instruments to manage market risk but does not use them for trading purposes[230]. - The company faces certain contingencies involving litigation and compliance, which are discussed in detail in the annual report[224].
Caesars Entertainment(CZR) - 2025 Q3 - Quarterly Results
2025-10-28 20:15
Exhibit 99.1 Caesars Entertainment, Inc. Reports Third Quarter 2025 Results LAS VEGAS and RENO, Nev. (October 28, 2025) – Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or the "Company") today reported operating results for the third quarter ended September 30, 2025. Third Quarter 2025 and Recent Highlights: Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, "Our regional portfolio delivered net revenues and Adjusted EBITDA growth as a result of consistent oper ...
Caesars Entertainment and AGS Celebrate the Exclusive In-person and Online Launches of Kingdom of Horus and Reign of Anubis
Businesswire· 2025-10-24 15:39
Core Insights - Caesars Entertainment and AGS have launched two exclusive slot titles, Kingdom of Horus and Reign of Anubis, available both in-person at Caesars' locations in Atlantic City and online across five North American jurisdictions [1][3]. Group 1: Launch Details - The new games are now live at Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino in New Jersey, Pennsylvania, Michigan, West Virginia, and Ontario, as well as on casino floors at Caesars destinations in Atlantic City [1]. - The launch event featured local social media influencers, including NJ Slot Guy, who participated in a ceremonial first spin at Caesars Atlantic City [2]. Group 2: Game Features - Kingdom of Horus and Reign of Anubis are part of AGS' Triple Coin Treasures series, featuring a 3×5 reel layout with 40 paylines and mechanics such as Scarab Prizes, Wild Coins, and Pot Bonuses [4]. - Players can unlock Extra Spins, benefit from Symbol Upgrades, and enjoy Boosted Prizes with credit multipliers for enhanced payout potential [4]. Group 3: Strategic Importance - The launch is part of Caesars' strategy to blend online and in-person casino experiences, with a commitment to offering premium gaming experiences [3]. - The new titles join a growing list of exclusive launches between AGS and Caesars, enhancing Caesars' online casino offerings [3]. Group 4: Company Background - Caesars Entertainment is the largest casino-entertainment company in the US, known for its diversified gaming, entertainment, and hospitality amenities [9]. - The company operates under various brand names, including Caesars®, Harrah's®, and Horseshoe®, and emphasizes a strong loyalty program, Caesars Rewards® [9].
Here's What to Expect From Caesars Entertainment's Next Earnings Report
Yahoo Finance· 2025-10-21 12:48
Core Insights - Caesars Entertainment, Inc. (CZR) is a gaming and hospitality company with a market cap of $4.6 billion, operating in 18 states and offering various services including casinos, hotels, and restaurants [1] - The company is expected to report a fiscal third-quarter loss of $0.04 per share, consistent with the previous year, and has missed consensus estimates in three of the last four quarters [2] - For the full fiscal year, CZR is projected to report a loss of $0.93 per share, a significant decrease from $0.55 in fiscal 2024, but is expected to rebound with an EPS of $0.63 in fiscal 2026, reflecting a 167.7% year-over-year increase [3] Performance Metrics - CZR stock has underperformed the S&P 500 Index, which gained 14.8% over the past 52 weeks, with CZR shares down 50.9% during the same period [4] - Following the Q2 results announcement, CZR shares fell over 3% after reporting a loss of $0.39 per share, which was below Wall Street's expectation of $0.07 EPS, despite revenue of $2.91 billion exceeding forecasts [5] Analyst Sentiment - The consensus opinion on CZR stock is moderately bullish, with a "Moderate Buy" rating; 12 out of 17 analysts recommend a "Strong Buy," four suggest a "Hold," and one advises a "Strong Sell" [6] - The average analyst price target for CZR is $39.75, indicating a potential upside of 79.1% from current levels [6]
2 REITs That Missed Out On The Rally
Seeking Alpha· 2025-10-21 12:15
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Coca-Cola HBC AG (CCHGY) Coca-Cola Beverages Africa Limited, - M&A Call Transcript
Seeking Alpha· 2025-10-21 12:14
PresentationI will now pass the floor to one of your speakers, Jemima Benstead, Head of Investor Relations. Please go ahead.Thank you for standing by, ladies and gentlemen, and welcome to Coca-Cola HBC's Conference Call to discuss the acquisition of CCBA and Third Quarter 2025 Trading Update. [Operator Instructions] I must also advise that this conference is being recorded today, Tuesday, October 21, 2025.Jemima Benstead Good morning, everyone, and thank you for joining the call at short notice. I'm here wi ...
Caesars Stock Down 20%, Should You Buy?
Forbes· 2025-10-13 10:10
IATLANTIC CITY, NJ - JULY 8: The roulette wheel spins at Caesars Atlantic City July 8, 2006 in Atlantic City, New Jersey. Caesars, along with Atlantic City's 11 other casinos reopend this morning after they were forced to close their gambling floors for the first time in their 28-year history due to the New Jersey state budget impasse. (Photo by William Thomas Cain/Getty Images)Getty Images We believe there are several things to fear in CZR stock given its bad operating performance and financial condition. ...
Time To Buy Caesars Stock Now?
Forbes· 2025-10-09 16:20
Core Viewpoint - Caesars Entertainment (CZR) stock is currently trading within a support range of $22.21 to $24.54, from which it has historically rebounded significantly [2][3] Group 1: Stock Performance - Over the last decade, CZR stock has attracted buying activity at its current support levels four times, yielding an average peak return of 115.7% [3] - The stock has experienced significant declines in the past, including a nearly 90% drop during the Covid pandemic and a 73% decline amid inflation shocks [5] Group 2: Company Overview - Caesars Entertainment operates as a gaming and hospitality entity, managing 52 properties across the U.S. with approximately 55,700 gaming machines [3] - The company has recorded a revenue growth of -0.1% over the last twelve months and an average growth of 3.2% over the past three years [6] Group 3: Financial Metrics - CZR has a free cash flow margin of nearly 0.4% and an operating margin of 19.3% for the last twelve months [6] - The stock is currently trading at a price-to-earnings (PE) multiple of -25.1, indicating that the company is currently operating at a loss [6] Group 4: Investment Considerations - Compared to the S&P 500, CZR offers a lower valuation and revenue growth but has superior operating margins [6] - The Trefis High Quality (HQ) Portfolio, which includes CZR, has historically outperformed its benchmark indices, providing superior returns with reduced risk [8]
Caesars Entertainment (CZR) Extends Losses on Prediction Market Threats
Yahoo Finance· 2025-10-09 08:53
We recently published 10 Stocks Taking a Nosedive. Caesars Entertainment Inc. (NASDAQ:CZR) is one of the worst performers on Wednesday. Caesars Entertainment Inc. (NASDAQ:CZR) extended its losing streak to a third straight day on Wednesday, shedding 5.17 percent to close at $23.38 apiece as investors continued to unload portfolios in gaming stocks amid growing threats posed by the surging prediction markets. The sector has been under pressure since early this month after Robinhood Markets and Kalshi anno ...