CZR Caesars Entertainment Inc

$CZR This is gonna crash. Interest on their loans is $6 million every day. Free parking again in Vegas and giving 25% off food for locals. They’re getting desperate…

$CZR Las Vegas revenue fell 2.3% to 930 million dollars in Q3 and segment Adjusted EBITDA fell 9.5% to 343 million dollars. Regional revenue rose 5.9% to 1.63 billion dollars instead. Caesars Digital went the other way, Adjusted EBITDA up 57.1% to 44 million dollars on 326 million dollars of revenue. That is a 13.5% margin, up from about 9% a year ago, and the segment swung to a small profit. Consolidated revenue was 2.94 billion dollars, up 2.5%, with total Adjusted EBITDA down 2.1% to 865 million dollars.

$CZR reported earnings after the close today. EPS missed estimates: −$0.61 vs. −$0.12 expected, according to Stock Meadow. What do you think?

Caesars Entertainment reported disappointing Q3 results after Tuesday’s market close, with revenue of $2.94 billion missing the $2.97 billion consensus and an adjusted loss of $0.61 per share significantly worse than analysts’ expected loss of $0.10. Despite the earnings miss, the stock’s limited after-hours decline reflected the ongoing acquisition agreement with Fertitta Entertainment, which values Caesars at approximately $17.6 billion and offers shareholders $31 per share in cash. The pending all-cash acquisition remains the company’s primary strategic catalyst, with regulatory review still underway. Caesars Digital provided a modest bright spot, as adjusted EBITDA increased to $44 million from $28 million a year earlier. The company did not hold its usual quarterly earnings conference call because of the pending transaction. Susquehanna maintained a Neutral rating and a $31 price target, matching the acquisition offer, while lowering its Q3 estimates. $CZR

$CZR reports earnings today after the close. I used Stock Meadow’s earnings dashboard to review its history: CZR has beaten EPS estimates in 1 of its last 8 reports. Analysts expect EPS of −$0.12. What are you watching for?

Jefferies: New Jersey Casino Revenue Declines in September New Jersey’s gross gaming revenue fell 1.3% year over year in September, leaving third-quarter growth flat compared with a 4.3% increase in the same period last year, according to Jefferies. The slowdown contrasts with the broader U.S. gaming market, which grew 3.4% in Q3. Caesars Entertainment’s New Jersey properties performed strongly, posting a 9.4% year-over-year revenue increase in September. However, this was offset by weakness at MGM Resorts International’s Borgata casino, potentially affected by its ongoing $107 million guest-room renovation project. Across states reporting data through September, third-quarter gaming revenue growth varied by operator. Penn Entertainment rose 3.9%, Churchill Downs gained 3.5%, Boyd Gaming increased 1.9%, and Caesars recorded more modest growth of 0.9%. MGM Resorts declined 1.2%. $CZR $MGM $PENN