\nThe opening of Harrah\u2019s Oklahoma (a managed property) expected on April 9<\/p>\n<\/li>\n<\/ul>\n
Reeg also noted that the first quarter of last year included a Super Bowl benefit in New Orleans of \u201ca little over $10 million\u201d that will not recur, but said the business has multiple tailwinds after the first quarter, including Windsor coming online in early March and Tahoe\u2019s expansion in the third quarter.<\/p>\n
President of Caesars Sports and Online Eric Hession said Caesars Digital delivered fourth-quarter net revenue of $419 million and adjusted EBITDA of $85 million, with hold-normalized adjusted EBITDA of $90 million. He said flow-through was 56%, better than targeted.<\/p>\n
Hession said mobile sports handle grew 4% year over year in the quarter, and total parlay mix improved by about 210 basis points. He also cited growth in average legs per parlay and a higher cash-out mix. In iCasino, he said net revenue rose 28% year over year, driven by strength in volume and average monthly active users, alongside product enhancements such as new in-house games, improved bonusing, and an \u201celevated live dealer product.\u201d Total monthly unique players increased 19% to 585,000.<\/p>\n
For the full year, Hession reported digital net revenues of $1.4 billion, up 21%, and EBITDA of $236 million, up 100%, with flow-through of 50% in line with target. He also said the company\u2019s universal digital wallet and proprietary player account management system was live in 26 jurisdictions and should be live in all jurisdictions by the end of the current quarter. Caesars also launched sports betting in Missouri, which Hession said was the first state where the company offered a shared wallet on day one.<\/p>\n
Reeg said fixed marketing expense in digital will change meaningfully as contracts roll off, with \u201ca little over $35 million\u201d expiring in 2026 (primarily impacting the second half of the year) and \u201canother 20+\u201d rolling off in 2027. He said most of the benefit should flow to EBITDA, though Caesars expects to reinvest some where returns justify it.<\/p>\n
CFO Bret Yunker said Caesars reduced debt in 2025 while executing opportunistic share repurchases. Looking into 2026, he said Caesars expects to benefit from decreasing capital expenditures, decreasing interest expense, and cash taxes \u201cwell below $100 million.\u201d Yunker added that the nearest debt maturity is the company\u2019s relationship bank financing, which matures 24 months from now.<\/p>\n
Reeg said Caesars expects to be a \u201csignificant free cash flow generator\u201d in 2026 and intends to use cash for a mix of debt paydown and share repurchases, with activity varying by quarter. He also said management views tax refund season and changes in withholding as potential tailwinds for consumer discretionary spending in 2026.<\/p>\n
On prediction markets, Reeg said Caesars does not expect to participate under the current regulatory environment, citing the importance of gaming licenses and noting that pursuing prediction markets could put brick-and-mortar licenses at risk in some states. He said Caesars would look to participate only if there is regulatory clarity and a legal path acceptable to regulators.<\/p>\n
Executives also discussed iGaming legislative developments, saying Maine appeared \u201chighly likely\u201d to launch and that Virginia legislation remained active, though management cautioned that political outcomes can shift quickly.<\/p>\n
Caesars Entertainment Corporation is a leading integrated gaming and hospitality company headquartered in Las Vegas, Nevada. The company owns and operates a global portfolio of resorts, casinos, and entertainment venues designed to deliver comprehensive hospitality experiences. Its business activities span hotel accommodations, gaming operations, food and beverage services, live events, and convention services, with a focus on delivering luxury and entertainment to both leisure and business travelers.<\/p>\n
The company traces its lineage to the founding of Harrah’s by William F.<\/p>\n
The article “Caesars Entertainment Q4 Earnings Call Highlights<\/a>” was originally published by MarketBeat.<\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source finance.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Caesars Entertainment logo Caesars reported Q4 consolidated net revenue of $2.9 billion (up 4%) and adjusted EBITDA of $901 million (up 2%), while Caesars Digital hit a record quarterly EBITDA of $85 million and full-year digital net revenue rose 21% to $1.4 billion with iCasino sales up 28%. Las Vegas results were pressured by lower […]<\/p>\n","protected":false},"author":2,"featured_media":2286690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[443077,380232,347294,320934,443078,345221,24124,402033,443079],"class_list":["post-2286689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-anthony-carano","tag-caesars-digital","tag-caesars-entertainment","tag-caesars-palace","tag-caesars-windsor","tag-ebitda","tag-las-vegas","tag-las-vegas-sands","tag-tom-reeg"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2026\/02\/Caesars-Entertainment-Q4-Earnings-Call-Highlights.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2286689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2286689"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2286689\/revisions"}],"predecessor-version":[{"id":2286691,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2286689\/revisions\/2286691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2286690"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2286689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2286689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2286689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}