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Caesars Entertainment Q3 2026 financial performance

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2026-10-28 16:20 UTC → 2026-10-29 21:26 UTC · added ~~removed~~

Caesars Entertainment reported mixed financial results for the third quarter of 2026. The company saw a 2.5% increase in GAAP net revenues to $2.94 billion, though it recorded a GAAP net loss of $123 million, compared to a $55 million loss in the same period the previous year. Performance varied significantly across business segments. The Caesars Digital division showed strong growth, with net revenue increasing 4.8% to $326 million and adjusted EBITDA rising 57.1% to $44 million. This allowed the digital segment to transition from a $21 million quarterly net loss in 2025 to a $4 million profit in 2026. In contrast, the Las Vegas segment experienced a 2.3% decline in net revenue, totaling $930 million. The Regional segment saw revenue growth of 5.9%, reaching approximately $1.63 billion. Consolidated adjusted EBITDA for the company was $865 million, a decrease from $884 million in the third quarter of 2025. Additionally, the company is navigating a planned $17.6 billion acquisition by Fertitta Entertainment, which is expected to close by mid-2027 pending regulatory approval. CEO Tom Reeg indicated that the merger might result in the divestment of certain properties due to overlapping casino operations. Recent reports following the approved acquisition suggest that Reeg may lead the combined leisure segment.

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