Caesars Entertainment’s online sports betting and iGaming division reported 4.8% net revenue growth during the third quarter of 2026, ahead of the gaming and hospitality company’s overall 2.5% year-over-year increase.
- Caesars Digital’s year-over-year Adjusted EBITDA and net income also both improved significantly.
- The Las Vegas segment suffered a 2.3% net revenue decrease.
- The public company didn’t hold an earnings call ahead of a takeover.
Caesars Digital generated $326 million in net revenue, up from $311 million in Q3 2025. Adjusted EBITDA of $44 million grew by 57.1% and led to the segment’s $4 million in net income, after posting negative $21 million in the previous third quarter.
The strong Q3 pushed Caesars Digital’s net income to $53 million over the first nine months of 2026, compared to $18 million at this point last year.
Company revenue rises
Caesars Entertainment generated $2.94 billion in generally accepted accounting principles (GAAP) net revenue across all segments during the three months ending Sept. 30, ahead of the previous third quarter’s $2.87 billion.
GAAP net loss rose to $123 million during the latest quarter from $55 million in Q3 2025. Company-wide Adjusted EBITDA dipped to $865 million from $884 million in Q3 2025.
The Las Vegas segment net revenue of $930 million was down 2.3% year over year, while Regional’s $1.63 billion rose during Q3 2026 rose 5.9%.
Overall, Caesars’ net revenue for the nine months is up 2.7% compared to last year, but net income is down 12.3%, while Adjusted EBITDA dipped a milder 1.9%.
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Changes coming
Caesars offered no comments or insights from executives in its earnings release, and the gaming and hotel operator declined to hold an earnings call as its time as a public company is winding down.
In September, Caesars shareholders approved a $17.6-billion takeover offer from Golden Nugget and Landry’s owner Tilman Fertitta’s firm. The Texas billionaire and Houston Rockets owner had made multiple attempts at acquiring Caesars, which will become a private company once the deal is approved by state gaming regulators and the U.S. Federal Trade Commission.
As part of the takeover, Fertitta’s firm must absorb nearly $12 million in Caesars debt.
