Caesars Entertainment Reports Q1 Earnings, Company Targets Accelerated Free Cash Flow In 2025

Caesars Entertainment Inc CZR reported first-quarter earnings Tuesday after the bell. Here’s a rundown of the report.

• Q1 Revenue: $2.79 billion, versus estimates of $2.79 billion

• Q1 EPS: Loss of 54 cents, versus estimates for a loss of 16 cents

Broken down by segment, Caesars reported approximately $1 billion in revenue from Las Vegas, $1.39 billion in Regional revenue, $335 million in Caesars Digital revenue, $67 million in Managed and Branded revenue and $1 million in Corporate and Other revenue.

The company ended the quarter with $884 million in cash and cash equivalents, and $12.3 billion in outstanding debt.

“During the first quarter of 2025, consolidated Adjusted EBITDA grew 4% over prior year driven by significant gains in our Digital segment which delivered a new Q1 record, growth in our regional segment with strong contributions from recently opened properties and a solid quarter in Las Vegas against a tough Super Bowl compare last year,” said Tom Reeg, CEO of Caesars Entertainment.

Caesars said it repurchased approximately $100 million worth of its common stock during April at an average price of $23.84 per share.

The company expects to accelerate free cash flow in 2025, allowing it to continue to reduce debt and make opportunistic share repurchases.

“We continue to expect 2025 to benefit from meaningfully lower year-over-year capital expenditures and cash interest expense. When combined with strong operating fundamentals, free cash flow this year will show a significant improvement,” said Bret Yunker, CFO of Caesars.

CZR Price Action: Caesars shares were up 2.54% after-hours, trading at $28.70 at the time of publication Tuesday, according to Benzinga Pro.

Read Next:

Photo: Shutterstock.