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How Caesars Entertainment (CZR) makes money

Caesars Entertainment (CZR) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Casino brought in $1.8B (60%); Hotel brought in $467M (16%); Food and beverage brought in $410M (14%).

Drawing the Sankey…

Caesars Entertainment revenue by segment, Q3 2026Caesars Entertainment revenue by segment, Q3 2026Casino$1.8BHotel$467MFood and beverage$410MOther$309M
Caesars Entertainment: revenue by line, Q1 2025 to Q3 2026Caesars Entertainment: revenue by line, Q1 2025 to Q3 2026CasinoHotelFood and beverageOtherReal EstateCasino: $1.8B latest$1.8BHotel: $467M latest$467MFood and beverage: $410M latest$410MOther: $309M latest$309MReal Estate: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Casino went from 57% of revenue in Q1 2025 to 60% in Q3 2026, the largest shift in the mix.
Caesars Entertainment revenue by quarterCaesars Entertainment revenue by quarter$2.8BQ1 2025$2.9BQ2 2025$2.9BQ3 2025$2.9BQ4 2025$2.9BQ1 2026$3.0BQ2 2026$2.9BQ3 2026
Caesars Entertainment: where each dollar of revenue goesCaesars Entertainment: where each dollar of revenue goesOperating cash flow9¢Free cash flow3¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Casino$1.8B59.7%-0.3%+7%
Hotel$467M15.9%-6%-4%
Food and beverage$410M13.9%-4%-6%
Other$309M10.5%-1%+1%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$2.9B100.0%
Operating cash flow$267M9.1%
Free cash flow$95.0M3.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$2.9B+2%
Q2 2026$3.0B+3%
Q1 2026$2.9B+3%
Q4 2025$2.9B+4%
Q3 2025$2.9B-0.2%
Q2 2025$2.9B+3%
Q1 2025$2.8B+2%

From Caesars Entertainment's 10-Q filed Oct 27, 2026 (on EDGAR).

Questions

How does Caesars Entertainment make money?

Caesars Entertainment (CZR) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Casino brought in $1.8B (60%); Hotel brought in $467M (16%); Food and beverage brought in $410M (14%).

What is Caesars Entertainment's biggest business?

Casino: $1.8B in the third quarter 2026, 60% of revenue, +7% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.