- Revenue: $2.8B, +1.9% YoY
- Net loss: -$115M vs -$158M in Q1 2024
- Same-store Adjusted EBITDA: $884M, +4.1% YoY
CEO Tom Reeg: "Consolidated Adjusted EBITDA grew 4% over prior year driven by significant gains in our Digital segment."
🌱Revenue & Growth
- Las Vegas: $1.0B, -2.4% YoY
- Regional: $1.4B, +1.7% YoY
- Caesars Digital: $335M, +18.8% YoY
- Managed and Branded: $67M, -1.5% YoY
💰Profits & Health
- Net loss per share: -$0.54 vs -$0.73 in Q1 2024
- Adjusted EBITDA margin: 31.6% vs 30.9% in Q1 2024
- Cash and cash equivalents: $884M vs $866M at Dec 31, 2024
- Net debt: $11.4B, -0.1% from Dec 31, 2024
📌Business Highlights
- Caesars Digital Adjusted EBITDA: $43M vs $5M in Q1 2024
- Share repurchase: $100M in Apr 2025 at $23.84 per share
- Strong regional performance from recently opened properties
- Solid Las Vegas performance despite tough Super Bowl comparison
🔮Future Outlook
- Lower capital expenditures expected in 2025
- Reduced cash interest expense projected for 2025
- Significant free cash flow improvement anticipated in 2025
- Continued debt reduction planned alongside opportunistic share repurchases