Caesars Entertainment Q2 revenue slightly beats estimates on regional growth
CZR•Segment performance
- Las Vegas weakness — Las Vegas segment revenue fell 3.5% and Adjusted EBITDA dropped 12.6% year over year.
- Regional growth — Regional segment revenue rose 9.4% and Adjusted EBITDA increased 11.2% year over year.
- Digital slowdown — Caesars Digital Adjusted EBITDA declined 15% year over year.
Key details and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight beat* | $3 billion | $2.98 billion (17 analysts) |
| Q2 Net Loss | $62 million |
Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is hold, and the breakdown of recommendations is 3 strong buy or buy, 14 hold, and no sell or strong sell.
The average consensus recommendation for the casinos and gaming peer group is buy.
Wall Street's median 12-month price target for Caesars Entertainment Inc is , about 3.4% above its July 27 closing price of .
