Filing Flows › Caesars Entertainment (CZR) › Q1 2026
Caesars Entertainment (CZR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Caesars Entertainment (CZR) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before. Operating margin was 17.4%, net loss $83.0M (2.9% of revenue).
Caesars Entertainment, Q1 2026: revenue $2.9B (+3% year over year), operating margin 17.4%, net loss $83.0M, operating cash flow $204M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -2% | +3% |
| Operating profit | $500M | +51% | +2% |
| Net earnings | −$83.0M | — | — |
| Operating cash flow | $204M | -33% | -6% |
| Free cash flow | $36.0M | -76% | — |
What changed
Revenue was $2.9B in Q1 2026, up 3% year over year and down 2% from the previous quarter. Casino was the largest line at 58% of revenue. Casino added $0.07B year over year (up 5%), 95% of the total change. Food and beverage declined 3%.
Operating profit was $0.50B, a 17.4% margin (unchanged year over year). Of the extra revenue versus Q1 2025, 16% reached operating profit, below the 17% margin then. Total costs grew 3% against revenue growth of 3%. The quarter ended with a net loss of $0.08B, narrower than the previous quarter's $0.23B loss. Net interest and other expense of $0.57B was the main reason.
Operating cash flow was $0.20B (down 6% year over year). Non-cash charges added back $0.35B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.17B left free cash flow of $0.04B.
Questions
What was Caesars Entertainment's revenue in the first quarter 2026?
Caesars Entertainment (CZR) reported revenue of $2.9B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -2% from the quarter before.
Was Caesars Entertainment profitable in the first quarter 2026?
Operating profit was $500M (17.4% of revenue) and net loss $83.0M.