Caesars Entertainment (CZR) investor relations material

Executive summary

• GAAP net revenues rose to $3.0 billion, up 3.0% year-over-year for the second quarter ended June 30, 2026.

• GAAP net loss narrowed to $62 million from $82 million in the prior-year quarter.

• Consolidated Adjusted EBITDA was $920 million, down from $955 million year-over-year.

• No quarterly conference call due to pending acquisition by Fertitta Entertainment; company will become private post-transaction.

Financial highlights

• Net revenues for the six months ended June 30, 2026, were $5.86 billion, up from $5.70 billion year-over-year.

• Operating income for Q2 was $513 million, slightly down from $526 million year-over-year.

• Net loss per share for Q2 was $(0.30), improved from $(0.39) in the prior-year quarter.

• Total cash and cash equivalents as of June 30, 2026, were $965 million.

Segment performance

• Las Vegas net revenues declined 3.5% year-over-year to $1.02 billion; Adjusted EBITDA fell 12.6%.

• Regional segment net revenues increased 9.4% to $1.57 billion; Adjusted EBITDA rose 11.2%.

• Caesars Digital net revenues grew 2.3% to $351 million, but Adjusted EBITDA dropped 15% to $68 million.

• Managed and Branded segment net revenues fell 23% to $57 million.