Caesars Entertainment reported a slight increase in Q1 2026 revenue, driven by a significant 61% growth in its digital segment. The company achieved $2.9 billion in revenue, with a net loss narrowing to $98 million. Las Vegas revenue remained flat, but regional properties showed a 3% revenue increase. The digital segment's performance highlights evolving trends in the gaming industry.
On April 28, 2026, Caesars Entertainment announced a modest rise in both revenue and adjusted earnings for the first quarter of the year. This growth can largely be attributed to a remarkable 61% surge in its digital segment, underscoring the changing landscape of the gaming industry.
The company's total revenue reached $2.9 billion, a slight increase from $2.8 billion during the same period last year. Notably, the net loss was reduced to $98 million, compared to $115 million a year prior. Consolidated adjusted EBITDA saw a minor uptick to $887 million from $884 million in the previous year's first quarter.
According to CEO Tom Reeg, the first quarter of 2026 showcased significant growth in total net revenue and adjusted EBITDA compared to the previous year.
Caesars Digital revenues hit $374 million, up from $335 million in the prior year, while adjusted EBITDA climbed to $69 million from $43 million, marking record results for the quarter.
In Las Vegas, the company reported revenue of $1 billion, consistent with the first quarter of 2025. However, adjusted earnings experienced a slight decline, dropping from $433 million to $426 million, a downturn of 1.6%. Reeg noted that despite these figures, there was a “continued sequential improvement in trends” and a notable upturn in hospitality, with occupancy rates reaching 95.3% and an increase in the average daily room rate.
Regional properties reported a 3% revenue increase, rising from $1.38 billion to $1.43 billion year-over-year. However, adjusted earnings fell by 1.1%, from $440 million to $435 million. Reeg highlighted that the regional segment showed improved adjusted EBITDA when excluding the benefits of last year’s Super Bowl LX in New Orleans.
As of March 31, Caesars held $11.9 billion in aggregate principal debt, with total cash and cash equivalents reported at $867 million, excluding $107 million in restricted cash.
In a significant move, Caesars acquired the operations of Caesars Windsor for approximately $54 million on March 3 and established a 20-year operating agreement with the Ontario Lottery and Gaming Corporation.
Chief Financial Officer Bret Yunker remarked that the consolidated results reflect the stability of both the Las Vegas and regional segments, along with the ongoing growth of Caesars Digital.
Looking ahead, Yunker expressed optimism about strong free cash flow in 2026, supported by sustained operational momentum, reduced cash interest expense, and lower capital expenditures.
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