Releasing its financial report for the quarter ending March 31, 2025, Caesars Entertainment has credited its digital segment for its positive performance.
Net revenue for the quarter reached US$2.8bn, up from $2.7bn year-on-year. Net loss was $115m against a net loss of $158m year-on-year.
Adjusted EBITDA was $884m, up from $849m year-on-year. The adjusted EBITDA from Caesars Digital alone was $43m, up from $5m.
“During the first quarter of 2025, consolidated adjusted EBITDA grew four per cent 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.
Bret Yunker, chief financial officer, added: “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. Accelerating free cash flow in 2025 will allow us to continue to reduce debt alongside opportunistic share repurchases during market dislocations.
“To that end, we repurchased $100m of our shares during April at an average price of $23.84 per share.”
