Caesars Entertainment Inc (FRA:2ER)

Q4 2025 Caesars Entertainment Inc Earnings Call Transcript

Feb 17, 2026 / 10:00PM GMT

Release Date Price: €15.19 (+0.17%)

Transcript 10-K8-K

Key Points

Positve

Caesars Entertainment Inc (CZR) reported a 4% year-over-year increase in fourth-quarter consolidated net revenues, reaching $2.9 billion.
The Digital segment achieved an all-time quarterly EBITDA record of $85 million, despite challenges in October.
The company saw a 28% net revenue growth in iCasino, driven by increased volume and monthly active users.
Caesars Entertainment Inc (CZR) successfully launched sports betting in Missouri, enhancing customer experience with a shared wallet system.
The company continues to reduce debt and execute opportunistic share repurchases, expecting to benefit from decreasing CapEx and interest expenses in 2026.

Negative

The Las Vegas segment experienced a 6% EBITDA decline in Q4, with occupancy dropping to 92% from 96.5% the previous year.
Regional EBITDA declined slightly due to poor winter weather in December, impacting year-over-year growth.
The leisure traveler segment in Las Vegas remains soft, affecting overall occupancy rates.
Caesars Entertainment Inc (CZR) faces challenges in managing labor and staffing due to fluctuating occupancy rates during peak and off-peak periods.
The company anticipates a $10 million EBITDA impact in Q1 2026 due to the absence of the Super Bowl event in New Orleans.

Operator

Thank you for standing by, and welcome to Caesars Entertainment Inc.'s fourth-quarter and full-year 2025 earnings call. (Operator Instructions)

As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Brian Agnew, Senior Vice President, Corporate Finance, Treasury and Investor Relations. Please go ahead, sir.

Brian Agnew

Caesars Entertainment Inc - Senior Vice President, Corporate Finance, Treasury and Investor Relations

Thank you, Jonathan, and good afternoon to everyone on the call. Welcome to our conference call to discuss our fourth-quarter 2025 earnings. This afternoon, we issued a press release announcing our financial results for the period ended December 31, 2025. A copy of the press release and our investor presentation are both available in the Investor Relations section of our website at investor.caesars.com. Joining me on the call today are Tom Reeg, our CEO; Anthony Carano, our President and Chief Operating Officer; Bret Yunker, our CFO; Eric Hession, President Caesars Sports &

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