凯撒娱乐：并未发现（美国）消费者开支在2025年走弱。 ...

Financial Data and Key Metrics Changes - Consolidated net revenues for Q1 2025 were $2.8 billion, an increase of 2% year-over-year [6] - Total adjusted EBITDAR for the quarter was $884 million, up 4% year-over-year [6] - Same store adjusted EBITDAR in Las Vegas was $433 million, essentially flat compared to the prior year [6][8] - Las Vegas EBITDA margins improved to 43.2%, up 50 basis points year-over-year [8] Business Line Data and Key Metrics Changes - The Regional segment delivered adjusted EBITDAR of $440 million, up 2% year-over-year [10] - Caesars Digital reported net revenue of $335 million, a 19% increase year-over-year, with adjusted EBITDA of $43 million, up $38 million year-over-year [12] - Sports Betting net revenue increased by 9%, while iCasino net revenue grew by 53% year-over-year [12][13] Market Data and Key Metrics Changes - Convention room nights accounted for 20% of the Las Vegas mix, with the Forum Convention Center achieving a Q1 EBITDA record [8] - The New Orleans and Danville projects contributed positively to the Regional segment despite weather disruptions [10][19] Company Strategy and Development Direction - The company is focused on capital projects in Las Vegas, which are yielding better-than-expected returns [9] - There is a commitment to enhancing guest experiences through significant capital investments over the past four years [10] - The company is in a free cash flow harvesting mode, with plans to use operating free cash flow primarily for debt paydown [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the Las Vegas market outlook despite economic uncertainties [9][22] - Forward bookings remain strong, with expectations for continued growth in digital segments [22] - Management noted that they have not observed any significant consumer softness, with rated play showing mid-single-digit growth [44][46] Other Important Information - The company repurchased $100 million of its stock at an average price of $23.84 [16] - Full-year CapEx for 2025 is expected to be approximately $600 million, with interest expenses projected to decrease significantly [16] Q&A Session Summary Question: Las Vegas outlook and group-related bookings - Management indicated that group bookings were about 20% of the first quarter room base and expect 2025 to be a record year for group bookings [29][30] Question: Clarification on last year's revenue piece - Management confirmed a $6 million headwind on EBITDA due to skin revenues and World Series of Poker revenues declining [32] Question: Impact of weather and leap year on regional performance - Management estimated the net impact of weather and leap year to be in excess of $10 million [37] Question: Changes in customer behavior among different segments - Management noted that unrated play has been softer than rated play, but rated play is up mid-single digits [44] Question: Digital segment performance and future expectations - Management confirmed that iCasino is performing well, with a 70% increase in revenue in April compared to the previous year [21][84] Question: International customer exposure and trends - Management stated that they primarily operate as a domestic business, with some international high-end play continuing without significant changes [91] Question: Regional margins and future expectations - Management expects regional margins to improve as competitive pressures ease and new properties ramp up [97] Question: Buyback strategy and market conditions - Management indicated they would remain active in stock buybacks if the stock dislocates as it did in early April [100]

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 ...