Filing Flows › Caesars Entertainment (CZR) › Q1 2025
Caesars Entertainment (CZR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Caesars Entertainment (CZR) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -0.2% from the quarter before. Operating margin was 17.5%, net loss $98.0M (3.5% of revenue).
Caesars Entertainment, Q1 2025: revenue $2.8B (+2% year over year), operating margin 17.5%, net loss $98.0M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.8B | -0.2% | +2% |
| Operating profit | $488M | — | — |
| Net earnings | −$98.0M | — | — |
| Operating cash flow | $218M | -29% | +172% |
What changed
Revenue was $2.8B in Q1 2025, up 2% year over year and roughly flat from the previous quarter. Casino was the largest line at 57% of revenue. Casino added $0.06B year over year (up 4%), 113% of the total change. Other declined 3%.
Operating profit was $0.49B, a 17.5% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 18% margin then. Total costs grew 2% against revenue growth of 2%. The quarter ended with a net loss of $0.10B, after a profit of $0.02B the previous quarter. Net interest and other expense of $0.57B was the main reason.
Operating cash flow was $0.22B (up 172% year over year). Non-cash charges added back $0.36B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.22B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Caesars Entertainment's revenue in the first quarter 2025?
Caesars Entertainment (CZR) reported revenue of $2.8B for the first quarter 2025 (Q1 2025), +2% from a year earlier and -0.2% from the quarter before.
Was Caesars Entertainment profitable in the first quarter 2025?
Operating profit was $488M (17.5% of revenue) and net loss $98.0M.