Caesars Entertainment has reported iGaming and total net revenues of US$2.87 billion (£2.12bn) for its first quarter of 2026, representing a 2.7 percent increase over the same period last year.
The legendary Vegas heavy-hitter recorded a net loss of -US$98 million (-£72.58m), an improvement from its net loss of -$115 million (-£85.18m) in Q1 2025.
Caesars’ iGaming-focussed Digital segment generated revenue of US$374 million (£277.03m) — up 11.6 percent, year-on-year, reflecting continued expansion of the company’s online operations.
Adjusted EBITDA for the online vertical increased to US$69 million (£51.11m) from US$43 million (£31.85m) in Q1, 2025.
Across the broader business, consolidated adjusted EBITDA reached US$887 million (£657.06m), broadly in line with the US$884 million (£654.83m) reported in the previous year.
Performance across retail segments also remained relatively stable, with Las Vegas revenue unchanged at $1billion (£740m) and regional operations increasing by three percent to US$1.43 billion (£1.05bn).
Digital Growth
Caesars reported total debt of -US$11.9 billion (-£8.81bn) at the end of Q1 2026, ending March 31, with cash and cash equivalents of US$867 million (£642.07m).
The results highlight the growing role of iGaming within Caesars’ overall business mix, and the company has continued to invest in its iGaming and online betting capabilities as part of a broader strategy to diversify revenue streams across regulated U.S. markets.
Affirmed Caesars CFO Bret Yunker: “Our first quarter consolidated results demonstrate the stability of our Las Vegas and Regional segments and the continued growth in Caesars Digital.
“We expect to deliver strong free cash flow in 2026 as a result of continued operating momentum, lower cash interest expense, and lower capex.”
Affirmed Caesars CFO Bret Yunker: “Our first quarter consolidated results demonstrate the stability of our Las Vegas and Regional segments and the continued growth in Caesars Digital.
“We expect to deliver strong free cash flow in 2026 as a result of continued operating momentum, lower cash interest expense, and lower capex.”
