Caesars Entertainment Q2 2026 Results
Caesars Entertainment, Inc. reported second‑quarter revenue of $3.0 billion for the quarter ended June 30, 2026, exceeding the analyst consensus of $2.97 billion and representing a 3.0% increase from $2.9 billion in the comparable period of 2025. GAAP net loss was $0.30 per share, missing the consensus estimate of $0.04 per share and widening relative to the $0.39 per share loss recorded in Q2 2025.
Consolidated adjusted EBITDA declined 3.7% year‑over‑year to $920 million, down from $955 million in the prior year quarter. The regional segment generated $1.57 billion of revenue, up 9.4% YoY, while the Las Vegas segment posted $1.02 billion, down 3.5% YoY. Caesars Digital revenue grew 2.3% to $351 million, but its adjusted EBITDA fell 15.0% to $68 million from $80 million in Q2 2025.
The company announced that, because of the pending definitive agreement to be acquired by Fertitta Entertainment, Inc. (announced on May 28, 2026), it will not host a quarterly conference call. Shares traded flat in after‑hours trading.
As of June 30, 2026, Caesars had total outstanding indebtedness of $11.8 billion, cash and cash equivalents of $965 million, resulting in net debt of $10.8 billion. Including revolver capacity, total available liquidity amounted to $2.9 billion. The company provided no financial guidance for upcoming periods. Upon completion of the acquisition, Caesars’ common stock will be delisted from NASDAQ and the company will become a private entity.