Filing Flows › Caesars Entertainment (CZR) › Q3 2026
Caesars Entertainment (CZR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Caesars Entertainment (CZR) reported revenue of $2.9B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -2% from the quarter before. Operating margin was 15.5%, net loss $107M (3.6% of revenue).
Caesars Entertainment, Q3 2026: revenue $2.9B (+2% year over year), operating margin 15.5%, net loss $107M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.9B | -2% | +2% |
| Operating profit | $457M | -11% | -11% |
| Net earnings | −$107M | — | — |
| Operating cash flow | $267M | -43% | -16% |
| Free cash flow | $95.0M | -69% | -23% |
What changed
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.
Questions
What was Caesars Entertainment's revenue in the third quarter 2026?
Caesars Entertainment (CZR) reported revenue of $2.9B for the third quarter 2026 (Q3 2026), +2% from a year earlier and -2% from the quarter before.
Was Caesars Entertainment profitable in the third quarter 2026?
Operating profit was $457M (15.5% of revenue) and net loss $107M.