Filing Flows › Caesars Entertainment (CZR) › Q2 2025
Caesars Entertainment (CZR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Caesars Entertainment (CZR) reported revenue of $2.9B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +4% from the quarter before. Operating margin was 18.1%, net loss $65.0M (2.2% of revenue).
Caesars Entertainment, Q2 2025: revenue $2.9B (+3% year over year), operating margin 18.1%, net loss $65.0M, operating cash flow $462M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | +4% | +3% |
| Operating profit | $526M | +8% | — |
| Net earnings | −$65.0M | — | — |
| Operating cash flow | $462M | +112% | +2% |
| Free cash flow | $232M | — | +86% |
What changed
Revenue was $2.9B in Q2 2025, up 3% year over year and up 4% from the previous quarter. Casino was the largest line at 57% of revenue. Casino added $0.11B year over year (up 7%), 144% of the total change. Other declined 7%.
Operating profit was $0.53B, a 18.1% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 18% margin then. Total costs grew 2% against revenue growth of 3%. The quarter ended with a net loss of $0.07B, narrower than the previous quarter's $0.10B loss. Net interest and other expense of $0.58B was the main reason.
Operating cash flow was $0.46B (up 2% year over year). Non-cash charges added back $0.36B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.23B left free cash flow of $0.23B.
Questions
What was Caesars Entertainment's revenue in the second quarter 2025?
Caesars Entertainment (CZR) reported revenue of $2.9B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +4% from the quarter before.
Was Caesars Entertainment profitable in the second quarter 2025?
Operating profit was $526M (18.1% of revenue) and net loss $65.0M.