Caesars Q3 net loss widens to $55 million as same-store Adjusted EBITDA falls 11%
Caesars Entertainment reported third quarter 2025 results on October 28, 2025, with net revenues of $2.9 billion, flat versus the prior-year period. The net loss attributable to Caesars widened to $55 million from $9 million, and same-store Adjusted EBITDA fell to $884 million from $996 million, which management attributed to lower Las Vegas visitation, weak table games hold, and lower sports hold in Caesars Digital. Shareholders face a larger loss and lower operating earnings in the quarter, though the company repurchased $100 million of its stock during the quarter and through October.
Key points
- Net revenues of $2,869 million, versus $2,874 million a year earlier
- Net loss attributable to Caesars of $55 million, or $0.27 per share, versus a $9 million loss, or $0.04 per share, a year earlier
- Same-store Adjusted EBITDA of $884 million, down 11.2%; Las Vegas Adjusted EBITDA fell 18.8% to $379 million
- Repurchased 3.9 million shares for $100 million during the quarter and through October; cash and cash equivalents were $836 million at September 30, 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.