Caesars Entertainment Q1 Earnings Lag Estimates, Revenues Top

Core Viewpoint - Caesars Entertainment, Inc. reported mixed first-quarter 2025 results, with earnings missing consensus estimates while revenues exceeded expectations, showing year-over-year improvement [1][3]. Financial Performance - The company recorded an adjusted loss per share of 54 cents, wider than the Zacks Consensus Estimate of a loss of 19 cents, compared to an adjusted loss of 55 cents in the prior-year quarter [3]. - Net revenues reached $2.79 billion, slightly above the consensus mark of $2.78 billion by 0.5%, and increased by 1.9% year over year [3]. Segmental Performance - Las Vegas Segment: Net revenues totaled $1 billion, down 2.4% from $1.03 billion in the prior year, with adjusted EBITDA of $433 million, down from $440 million [4]. - Regional Segment: Quarterly net revenues were $1.39 billion, up from $1.37 billion year over year, with adjusted EBITDA reaching $440 million, up from $433 million [4]. - Caesars Digital Segment: Net revenues were $335 million, an increase of 18.8% year over year from $282 million, with adjusted EBITDA totaling $43 million, up from $5 million in the prior year [5]. - Managed and Branded Segment: Net revenues totaled $67 million, down from $68 million year over year, with adjusted EBITDA of $16 million, down from $18 million [5]. - Corporate and Other Segment: Net revenues were $1 million compared to $(1) million reported a year ago, with adjusted EBITDA totaling $(48) million compared to $(43) million in the prior year [6]. Balance Sheet - As of March 31, 2025, cash and cash equivalents were $884 million, up from $866 million as of December 31, 2024 [7]. - Net debt was $11.42 billion, slightly down from $11.43 billion as of December 31, 2024 [7].