Caesars Q3 2026 results show modest revenue growth and widening loss as Fertitta acquisition looms
Caesars Entertainment reported third‑quarter 2026 net revenue of $2.94 billion, up 2.5% year‑over‑year, while a net loss widened to $123 million. Adjusted EBITDA fell to $865 million and Las Vegas revenue slipped 2% to $930 million, offset by regional revenue growth to $1.6 billion and digital revenue of $326 million. The company will not hold an earnings call because it is being taken private in a $17.6 billion deal with Fertitta Entertainment, which is expected to close by mid‑2027.
Why it matters
The pending $17.6 billion acquisition will take Caesars private and trigger delisting from Nasdaq, changing the share‑ownership structure for investors (). The deal also assumes Caesars’ $11.6 billion debt and $864 million cash balance, affecting the combined balance sheet ().
Key facts
- 1Q3 2026 net revenue was $2.94 billion, up 2.5% YoY. stocktitan.net
- 2Net loss attributable to Caesars was $123 million, wider than the $55 million loss a year earlier. stocktitan.net
- 3Adjusted EBITDA for the quarter was $865 million, down from $884 million in Q3 2025. stocktitan.net
- 4Las Vegas segment revenue declined 2% YoY to $930 million. igamingbusiness.com
- 5Regional casino revenue grew 6% YoY to $1.6 billion. igamingbusiness.com
- 6Caesars Digital revenue was $326 million, a 5% YoY increase. igamingbusiness.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.