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Caesars Entertainment (DE:2ER)
FRANKFURT:2ER
Germany Market

Caesars Entertainment (2ER) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 05, 2026
TBA (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
-0.19
Last Year’s EPS
-0.46
Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 17, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
Overall the call was constructive — Caesars reported modest enterprise revenue growth and consolidated Q4 revenue and EBITDAR increases, highlighted by standout performance from Caesars Digital (strong top-line and EBITDA growth, record quarterly digital EBITDA, and meaningful user growth). Management emphasized ongoing asset reinvestment in Las Vegas, strategic initiatives in Regionals, balance sheet progress and strong free cash flow outlook. Headwinds were acknowledged: leisure demand softness in Vegas (lower occupancy and ADR leading to a ~6% Las Vegas EBITDAR decline), weather-related Regional EBITDA impacts (~$10M), and some digital hold volatility. However, the scale and pace of digital growth, recurring revenue initiatives (Caesars Rewards), ongoing capital deployment plans, debt reduction and expected margin tailwinds from marketing roll-offs outweigh the near-term operational headwinds.
Company Guidance
Caesars guided to continued digital-led growth and improving travel trends for 2026: Digital is expected to sustain roughly 20% top-line growth with ~50% flow‑through to EBITDA (Q4 digital net revenue $419M, adjusted EBITDA $85M, hold‑normalized EBITDA $90M, Q4 flow‑through 56%; FY digital net revenue $1.4B, +21% YoY, FY digital EBITDA $236M, +100% YoY), mobile sports handle +4% and parlay mix +210 bps, total monthly unique payers +19% to 585,000 and iCasino net revenue +28%; enterprise results showed FY same‑store net revenues up $266M (+2%), Q4 consolidated net revenues $2.9B (+4%) and adjusted EBITDAR $901M (+2%); Las Vegas Q4 same‑store adj. EBITDAR $447M (vs $477M prior), occupancy 92% (96.5% prior) and ADR down 5% (Las Vegas EBITDA down 6% Q/Q), Regionals Q4 revenues +4% with adj. EBITDAR $407M but a roughly $10M weather headwind, and Caesars expects sequential improvement in Vegas and Regional strength later in the year (Windsor transition to owned in March, Tahoe $200M renovation complete this summer, Harrah’s Oklahoma opening April 9); balance‑sheet tailwinds include decreasing CapEx and interest expense, cash taxes well below $100M, a nearest bank facility maturity in ~24 months, and plans to deploy 2026 free cash flow to debt paydown and opportunistic buybacks, while tech rollouts (universal digital wallet live in 26 jurisdictions, to be live in all by quarter end) and marketing roll‑offs ($~35M in ’26, $20M+ in ’27) should flow predominantly to EBITDA.
Full-Year Same-Store Revenue Growth
Full year same-store enterprise net revenues increased $266 million, or 2% year-over-year, driven by portfolio diversity, omnichannel focus and guest experience enhancements.
Quarterly Revenue and EBITDAR Improvement
Fourth quarter consolidated net revenues were $2.9 billion, up 4% year-over-year, with adjusted EBITDAR of $901 million, up 2% year-over-year.
Digital Segment — Strong Growth and Record Performance
Caesars Digital set an all-time quarterly EBITDA record of $85 million in Q4 despite poor hold in October; Q4 net revenue was $419 million. Full year digital net revenue was $1.4 billion, up 21% YoY, and full year adjusted EBITDA was $236 million, up 100% YoY. Management reiterated a targetable long-term profile of ~20% top-line growth with ~50% flow-through to EBITDA.
Digital User and Product Momentum
Total monthly unique payers rose 19% in Q4 to 585,000. Mobile sports handle grew 4% and total parlay mix improved ~210 basis points YoY. iCasino net revenue grew 28% in Q4 driven by volume and higher monthly active users. Universal digital wallet and player account system now live in 26 jurisdictions, with full rollout expected soon.
Las Vegas Event and Slot Strength
Las Vegas benefited from a strong event calendar including a record F1 event and New Year's Eve, a 17% group & convention room night mix, and investment-led improvements (new presidential villas, Sky Villas, remodeled Palace Court) that helped set an all-time record for slot volume in 2025.
Regional Revenue Growth and Strategic Investments
Regional revenues rose 4% year-over-year, with strong returns noted in Danville and New Orleans. Strategic reinvestments in Caesars Rewards and marketing showed promising rated-play trends; near-term catalysts include Windsor's transition to owned (March), completion of a $200 million Tahoe renovation (summer), and the April 9 opening of Harrah's Oklahoma.
Balance Sheet and Cash Generation
The company continued to reduce debt in 2025 while executing opportunistic share repurchases. Management expects decreasing CapEx, lower interest expense, cash taxes well below $100 million, and strong free cash flow in 2026 to be used for a mix of debt paydown and buybacks.
Marketing and Cost Tailwinds for Digital
Significant fixed marketing contracts roll off (~$35M in 2026 H2 and ~$20M+ in 2027), the majority of which should flow to EBITDA; some proceeds will be reinvested into high-return marketing — a potential material booster to digital margins.
Technology and Product Enhancements
Ongoing product upgrades (in-house games, improved bonusing, elevated live dealer, shared wallet launches such as Missouri) and continued tech conversions underpin customer engagement and retention improvements.

Caesars Entertainment (DE:2ER) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:2ER Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 05, 2026
2026 (Q1)
-0.19 / -
-0.458
Feb 17, 2026
2025 (Q4)
-0.13 / -1.04
0.042-2560.00% (-1.09)
Oct 28, 2025
2025 (Q3)
-0.07 / -0.23
-0.034-575.00% (-0.20)
Jul 29, 2025
2025 (Q2)
<0.01 / -0.33
-0.47530.36% (+0.14)
Apr 29, 2025
2025 (Q1)
-0.17 / -0.46
-0.6226.03% (+0.16)
Feb 25, 2025
2024 (Q4)
-0.11 / 0.04
-0.289114.71% (+0.33)
Oct 29, 2024
2024 (Q3)
0.18 / -0.03
0.289-111.76% (-0.32)
Jul 30, 2024
2024 (Q2)
0.11 / -0.48
3.617-113.15% (-4.09)
Apr 30, 2024
2024 (Q1)
-0.07 / -0.62
-0.535-15.87% (-0.08)
Feb 20, 2024
2023 (Q4)
-0.03 / -0.29
-0.59451.43% (+0.31)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:2ER Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 17, 2026
€15.19€16.70+9.94%
Oct 28, 2025
€19.21€17.49-8.98%
Jul 29, 2025
€25.31€24.09-4.80%
Apr 29, 2025
€24.54€24.37-0.69%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Caesars Entertainment (DE:2ER) report earnings?
Caesars Entertainment (DE:2ER) is schdueled to report earning on May 05, 2026, TBA (Confirmed).
    What is Caesars Entertainment (DE:2ER) earnings time?
    Caesars Entertainment (DE:2ER) earnings time is at May 05, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is the P/E ratio of Caesars Entertainment stock?
          The P/E ratio of Caesars Entertainment is N/A.
            What is DE:2ER EPS forecast?
            DE:2ER EPS forecast for the fiscal quarter 2026 (Q1) is -0.19.

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