Filing Flows › Consumer Discretionary › Caesars Entertainment (CZR)
Caesars Entertainment (CZR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 27, 2026 · Caesars Entertainment (CZR) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $2.9B · 4¢ of every $1 of revenue lost · operating margin 15.5%
Caesars Entertainment made $2.9B in Q3 2026 (+2% Y/Y): Casino $1.8B, Hotel $467M, Food and beverage $410M. Operating margin 15.5%, net loss $107M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $2.9B in Q3 2026, up 2% year over year and down 2% from the previous quarter. Casino was the largest line at 60% of revenue. Casino added $0.11B year over year (up 7%), 158% of the total change. Food and beverage declined 6%.
Operating profit was $0.46B, a 15.5% margin (down 2.3 points year over year). Operating profit fell $0.06B even though revenue rose $0.07B versus Q3 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 2%. The quarter ended with a net loss of $0.11B, wider than the previous quarter's $0.04B loss. Net interest and other expense of $0.57B was the main reason.
Operating cash flow was $0.27B (down 16% year over year). Non-cash charges added back $0.37B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.17B left free cash flow of $0.10B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 27, 2026 | $2.9B | +2% | 15.5% | −$107M | $267M |
| Q2 2026 | 10-Q | Jul 28, 2026 | $3.0B | +3% | 17.1% | −$41.0M | $471M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $2.9B | +3% | 17.4% | −$83.0M | $204M |
| Q4 2025 | 10-K | Feb 17, 2026 | $2.9B | +4% | 11.4% | −$235M | $304M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $2.9B | -0.2% | 17.9% | −$39.0M | $318M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $2.9B | +3% | 18.1% | −$65.0M | $462M |
| Q1 2025 | 10-Q | Apr 29, 2025 | $2.8B | +2% | 17.5% | −$98.0M | $218M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Buys from
- VICI — 36% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- Vici Properties L.P. — 36% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About Caesars Entertainment
We are a geographically diversified gaming and hospitality company that was founded in 1973 by the Carano family with the opening of the Eldorado Hotel Casino in Reno, Nevada. Beginning in 2005, we grew through a series of acquisitions, including the acquisition of MTR Gaming Group, Inc. in 2014, Isle of Capri Casinos, Inc. in 2017, Tropicana Entertainment, Inc. in 2018, Caesars Entertainment Corporation in 2020, and William Hill PLC in 2021. Our ticker symbol on the NASDAQ Stock Market is “CZR.” Our primary source of revenue is generated by our gaming operations, which includes our casino properties, retail and online sports betting and online gaming. Additionally, we utilize our hotels, restaurants, bars, entertainment, racing, retail shops and other services to attract customers to our properties.
In its own words, from its 10-K, filed Feb 17, 2026.
Caesars Entertainment against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 15.5% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
| TNL Travel & Leisure | Q3 2026 | $1.1B | +6% | 17.7% |
Source: Caesars Entertainment 10-Q on SEC EDGAR · CIK 1590895 · Hotels & Motels
13F: who owns CZR and who is buying
More on CZR
- How Caesars Entertainment makes money: revenue by segment
- Caesars Entertainment stock forecast, price target and fair value
- Who owns Caesars Entertainment stock: holders, funds and Congress trades
- Is Caesars Entertainment a takeover target? LBO and rumors
- Caesars Entertainment recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results