Caesars Entertainment(US:CZR)2025-10-28 20:15Financial Performance - Caesars reported GAAP net revenues of $2.9 billion for Q3 2025, unchanged from the prior year[4] - The company experienced a net loss of $55 million in Q3 2025, compared to a net loss of $9 million in Q3 2024[4] - Same-store Adjusted EBITDA decreased to $884 million in Q3 2025, down 11.7% from $996 million in Q3 2024[4] - For the three months ended September 30, 2025, net revenues were $2,869 million, a slight decrease from $2,874 million in the same period of 2024[24] - Casino revenues increased to $1,642 million in Q3 2025 from $1,599 million in Q3 2024, representing a growth of 2.7%[24] - Operating income for the nine months ended September 30, 2025, was $1,527 million, down from $1,635 million in the same period of 2024, reflecting a decrease of 6.6%[24] - The net loss attributable to Caesars for Q3 2025 was $55 million, compared to a net loss of $9 million in Q3 2024[24] - Adjusted EBITDA for the three months ended September 30, 2025, was $884 million, down from $996 million in Q3 2024, indicating a decline of 11.2%[25] - Interest expense for the nine months ended September 30, 2025, was $1,729 million, slightly lower than $1,780 million in the same period of 2024[24] - Total operating expenses for the nine months ended September 30, 2025, were $7,043 million, an increase from $6,811 million in the same period of 2024[24] Segment Performance - Las Vegas segment Adjusted EBITDA declined by 18.8% to $379 million, while Caesars Digital Adjusted EBITDA fell 46.2% to $28 million[8] - Regional net revenues increased by 6.2% to $1.536 billion, while Las Vegas revenues decreased by 9.8% to $952 million[3] - The company reported a 14.9% increase in Caesars Digital net revenues to $989 million for the nine months ended September 30, 2025[5] - Corporate and Other segment saw a significant improvement, with losses decreasing by 40% to $(3) million in Q3 2025[3] Shareholder Actions - The company repurchased 3.9 million shares for $100 million during the quarter, totaling 13.2 million shares repurchased for $391 million since mid-2024[12] Future Outlook - Caesars anticipates improved operating performance in Q4 2025 due to stronger occupancy in Las Vegas and continued momentum in the Caesars Digital segment[2] - The company anticipates continued challenges due to economic trends, inflation, and competition impacting future performance[20] - Caesars plans to focus on expanding its digital betting and iGaming platforms to grow its user base[20]