Loading…
Caesars Entertainment, Inc. operates as a gaming and hospitality company. It owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. The company also operates and conducts online gaming, retail and online sports wagering across 42 jurisdictions in North America, and iGaming in five jurisdictions in North America; sports betting from retail and online sportsbooks; and other games, such as keno. In addition, it operates casinos, dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. The company was founded in 1937 and is based in Reno, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $11.5B | $3.3B | $-502M | $493M | -14.3% | 2.1% | 80.6% |
| 2024 | $11.2B | $3.6B | $-278M | $-236M | -6.7% | -2.5% | -135.4% |
| 2023 | $11.5B | $3.6B | $786M | $515M | 17.3% | 6.5% | -187.4% |
| 2022 | $10.8B | $2.9B | $-899M | $12M | -24.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,821 | 11,528 | 11,245 | 11,486 |
| Cost Of Revenue | - | 5,401 | 5,395 | 5,419 | 5,743 |
| Gross Profit | - | 5,420 | 6,133 | 5,826 | 5,743 |
| Operating Expense | - | 3,559 | 3,579 | 3,551 | 3,665 |
| Operating Income | - | 1,861 | 2,554 | 2,275 | 2,078 |
| EBITDA | - | 2,917 | 3,555 | 3,577 | 3,293 |
| EBIT | - | 1,712 | 2,294 | 2,253 | 1,876 |
| Pretax Income | - | -565 | -60 | -124 | -448 |
| Tax Provision | - | -41 | -888 | 87 | -11 |
| Net Income | - | -899 | 786 | -278 | -502 |
| Net Income Common Stockholders | - | -899 | 786 | -278 | -502 |
| Total Expenses | - | 8,960 | 8,974 | 8,970 | 9,408 |
| Interest Expense | - | 2,277 | 2,354 | 2,377 | 2,324 |
| Interest Income | - | 12 | 12 | 11 | 20 |
| Selling General And Administration | - | 2,068 | 2,012 | 1,920 | 1,926 |
| Normalized EBITDA | - | 3,124 | 3,837 | 3,637 | 3,517 |
| Normalized Income | - | -321.02 | 1,008.78 | -230.60 | -283.50 |
| Market Cap | 5,727.11 | 5,727.11 | 5,727.11 | 5,727.11 | 5,727.11 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Caesars Entertainment, Inc.this co. | CZR | - | -11.41 | 1.63 | -14.3% | 9.03 |
| The Buckle, Inc. | BKE | $2.8B | 13.79 | 6.81 | 49.4% | 10.55 |
| Steven Madden, Ltd. | SHOO | $2.7B | 63.10 | 3.25 | 5.2% | 25.85 |
| OneSpaWorld Holdings Limited | OSW | $2.5B | 34.20 | 4.51 | 13.2% | 23.59 |
| Versigent PLC | VGNT | $2.5B | 5.04 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.50 |
| 29.8% |
| 2.76 |
| Sonic Automotive, Inc. | SAH | $2.4B | 20.32 | 2.26 | 11.1% | 12.63 |
| Mister Car Wash, Inc. | MCW | $2.3B | 22.53 | 2.05 | 9.1% | 14.11 |
| HNI Corporation | HNI | $1.8B | 50.08 | 1.48 | 3.0% | 17.55 |
| CarGurus, Inc. | CARG | $1.6B | 21.76 | 9.07 | 41.7% | 12.42 |
| Peer Median | - | 22.15 | 2.76 | 12.2% | 13.37 | |