LAS VEGAS & RENO, Nev. – July 29, 2025 – Caesars Entertainment, Inc. (NASDAQ: CZR) has released its financial results for the second quarter ended June 30, 2025, highlighting continued growth in digital operations and resilience across core gaming markets despite softness in hospitality.
The company posted GAAP net revenues of $2.9 billion, a modest year-over-year increase from $2.8 billion. While Caesars reported a net loss of $82 million, this marks a notable improvement from the $122 million loss recorded in the same quarter of 2024.
Adjusted EBITDA on a same-store basis came in at $955 million, slightly below the $996 million from Q2 last year. However, Caesars Digital emerged as a major bright spot, doubling its Adjusted EBITDA to $80 million, up from $40 million year-over-year—one of its strongest quarters to date.
CEO Tom Reeg noted that Caesars Digital continues to gain momentum toward long-term targets set in 2021. He also emphasized the company’s stable gaming performance in Las Vegas and a 4% revenue boost in the Regional segment, driven by strong showings at Caesars Virginia and New Orleans, and strategic reinvestments into the Caesars Rewards loyalty program.
Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, “Our Caesars Digital segment posted one of its strongest quarters ever, as momentum continues to build toward the financial goals that we originally laid out in 2021. In Las Vegas, we posted solid gaming results in the face of softer market demand in our hospitality verticals. Net Revenues in our Regional segment increased 4% driven primarily by Caesars Virginia and New Orleans, coupled with strategic reinvestment into our Caesars Rewards database.”
Despite challenges in the hospitality vertical, Caesars remains committed to driving operational efficiency and growth across both its digital and land-based portfolios.
