Why Is Caesars Entertainment (CZR) Up 22.5% Since Last Earnings Report?

Core Viewpoint - Caesars Entertainment reported disappointing Q3 2025 earnings, with both earnings and revenues missing estimates and declining year over year [2][5]. Financial Performance - The company recorded an adjusted loss per share of 27 cents, significantly wider than the consensus estimate of an adjusted loss of 11 cents by 145.5% [5]. - Net revenues were $2.87 billion, missing the consensus mark of $2.89 billion by 0.7% and decreasing 0.2% year over year [5]. Segment Performance - Las Vegas operations generated net revenues of $952 million, down 10.4% from $1.06 billion in the prior year, with adjusted EBITDA of $379 million, down from $472 million [6]. - Regional revenues increased to $1.54 billion, up 6.2% year over year, with adjusted EBITDA reaching $506 million, up from $498 million [6]. - Caesars Digital segment reported net revenues of $311 million, up 2.6% year over year, but adjusted EBITDA fell to $28 million from $52 million [7]. - Managed and Branded segment net revenues were $73 million, up 7.4% year over year, with adjusted EBITDA decreasing to $18 million from $19 million [7]. - Corporate and Other segment reported net revenues of negative $3 million, with adjusted EBITDA of negative $47 million [8]. Balance Sheet - As of September 30, 2025, cash and cash equivalents were $836 million, down from $866 million as of December 31, 2024 [9]. - Net debt decreased to $11.09 billion from $11.43 billion as of December 31, 2024 [10]. Market Sentiment - Estimates for Caesars Entertainment have trended downward, with a significant shift of -345.43% in consensus estimates [11]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [13]. VGM Scores - Caesars Entertainment has a poor Growth Score of F and a similar score for momentum, but a strong value score of A, placing it in the top 20% for value investors [12].