CZR

It has been about a month since the last earnings report for Caesars Entertainment (CZR). Shares have lost about 0.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Caesars Entertainment due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers. Caesars Entertainment reported second-quarter 2026 results, with the bottom line missing the Zacks Consensus Estimate and revenues beating the same. The top line increased year over year, while the bottom line improved from the prior-year quarter’s figure. For the quarter, the company reported a loss per share of 30 cents, narrower than the year-ago quarter’s loss of 39 cents but below the Zacks Consensus Estimate of earnings of 4 cents. This translated to a negative earnings surprise of 850%.Net revenues of $2.99 billion rose 3% year over year and beat the $2.96 billion consensus mark by 1.1%. Growth was driven by strength in the Regional segment and higher casino revenues, with Regional slot handle rising 6.7% year over year. However, weakness in Las Vegas and higher operating costs weighed on profitability, as consolidated adjusted EBITDA declined 3.7% to $920 million. Las Vegas: Net revenues totaled $1.02 billion, down 3.5% year over year. Adjusted EBITDA declined 12.6% to $410 million. Lower city-wide leisure visitation, reduced non-gaming revenues, lower hotel occupancy and weaker table games volume and hold affected results. Slot handle increased 5.4% to $2.67 billion.Regional: Net revenues increased 9.4% to $1.57 billion, while adjusted EBITDA advanced 11.2% to $488 million. Results benefited from the consolidation of Caesars Windsor, increased visitation in northern Nevada related to a national tournament and positive results from capital investments in Lake Tahoe and New Orleans.Caesars Digital: Net revenues rose 2.3% to $351 million. Adjusted EBITDA decreased 15% to $68 million. Sports betting handle increased 2.9% to $2.57 billion, while iGaming handle rose 2.7% to $4.83 billion. Higher gaming tax rates and lower sports betting hold weighed on profitability.Managed and Branded: Net revenues declined 23% to $57 million, while adjusted EBITDA fell 5.9% to $16 million. Caesars Windsor's management fees and reimbursable revenues shifted from this segment to Regional following the March 3 transition. Corporate and Other recorded negative revenues of $2 million and an adjusted EBITDA loss of $62 million. Total operating expenses increased 4.2% year over year to $2.48 billion. Casino expenses rose 7.7% to $955 million, while general and administrative expenses increased 9.2% to $521 million. Higher gaming taxes, Caesars Windsor consolidation and higher property taxes contributed to the increase.Operating income declined to $513 million from $526 million. Interest expense, net, decreased to $573 million from $579 million, primarily owing to lower outstanding debt and lower variable-rate interest expense, partly offset by increased lease-related interest expense. As of June 30, 2026, cash and cash equivalents were $965 million, up from $887 million at 2025-end. Total outstanding indebtedness declined to $11.81 billion from $11.91 billion, while net debt fell to $10.84 billion from $11.02 billion. Total liquidity was $2.93 billion.For the first six months of 2026, operating cash inflow totaled $675 million versus $680 million a year earlier. Capital expenditures fell to $335 million from $453 million, with another $310-$390 million expected for the remainder of 2026.Caesars also remains subject to its pending all-cash acquisition by Fertitta Entertainment. Shareholders are set to receive $31 per share, and the transaction was valued at approximately $17.6 billion, including assumed debt. The deal remains subject to shareholder and regulatory approvals, and Caesars intends to delist its shares from Nasdaq after completion. It turns out, estimates review have trended downward during the past month. The consensus estimate has shifted -85.46% due to these changes. At this time, Caesars Entertainment has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a score of B on the value side, putting it in the second quintile for value investors. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise Caesars Entertainment has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Caesars Entertainment (CZR) just reported second quarter 2026 results, alongside an update on its share repurchase program, giving investors fresh data on revenue, losses and capital returns. The company reported second quarter sales of US$2,254 million and total revenue of US$2,993 million. Net loss for the quarter was US$62 million, with basic and diluted loss per share from continuing operations of US$0.30. See our latest analysis for Caesars Entertainment. At a share price of US$29.75, Caesars Entertainment has seen a 26.27% year to date share price return, while the 1 year total shareholder return of 15.85% contrasts with a 46.35% decline over 3 years. This suggests improving but still fragile momentum. If this earnings update has you thinking about where else capital might work harder, it could be a good moment to scan 18 top founder-led companies for your next potential idea. After a solid rebound in Caesars Entertainment shares this year but with losses still on the income statement, the key issue now is whether the current valuation still favours new buyers or better suits existing holders trimming risk. Caesars Entertainment last closed at $29.75, compared with a widely followed fair value narrative of $31.93 that is built on detailed revenue and earnings forecasts. Read the complete narrative. Want to see what sits behind that digital optimism and cash flow outlook? The narrative leans on specific growth, margin and discount rate assumptions that are not obvious from the headline numbers. Result: Fair Value of $31.93 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Caesars Entertainment still faces meaningful risks, including heavy debt with sizeable interest costs, as well as rising labor and remodeling expenses that could pressure future profitability and cash generation. Find out about the key risks to this Caesars Entertainment narrative. With mixed signals around Caesars Entertainment, both risk and reward are clearly on the table, so it makes sense to move quickly and weigh the information for yourself. To see the balance of concerns and potential upsides in one place, review the 3 key rewards and 1 important warning sign If Caesars Entertainment has sharpened your focus, do not stop here. Broaden your watchlist with other stocks that match the kind of profile you want. Target resilient cash generators with reliable returns by scanning the 9 dividend fortresses built to highlight income ideas that still keep risk in check. Hunt for mispriced opportunities by reviewing the 55 high quality undervalued stocks that filters for quality businesses trading at what may be attractive levels. Reduce portfolio surprises by focusing on the 81 resilient stocks with low risk scores which surfaces companies with lower risk scores and steadier profiles. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CZR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Caesars Entertainment saw net revenues in Las Vegas decline 3.5% year over year during the second quarter of 2026, according to an earnings report published Tuesday. The company also posted a 12.6% year-over-year decline in adjusted EBITDA in Las Vegas for the quarter. Overall, the company saw 3% year-over-year growth in systemwide revenues in Q2, bolstered by solid revenue gains in its regional and digital segments. While its regional segment saw adjusted EBITDA increase during the quarter, its digital segment saw a steep decline in the metric. The results came amid the operator’s pending acquisition by Fertitta Entertainment, which is set to buy Caesars in a deal valued at $17.6 billion. Caesars announced it would not host a Q2 earnings call due to Fertitta’s pending acquisition, and company executives did not provide written statements in the Tuesday earnings report. Upon completion of the transaction, Caesars’ common stock will no longer be listed on the Nasdaq Stock Market, with the company becoming private, per the earnings report. Caesars entered a definitive agreement to be acquired by Feritta on May 28. The deal is slated to combine the companies’ portfolios, including roughly 60 domestic casino resorts and gaming facilities; online and retail sports betting platforms; and more than 550 Fertitta Entertainment outlets, including some 450 Landry’s full-service restaurants. Fertitta will have to overcome several hurdles before completing the acquisition, company executives shared during a suitability review by the Nevada Gaming Control Board earlier this month. These challenges include obtaining antitrust clearance from the Federal Trade Commission and gaining approval from Caesars shareholders, Steven Scheinthal, executive vice president and general counsel for Fertitta, said during the review. Fertitta must also gain approval in each jurisdiction where Caesars has a gaming operation, which could take up to 10 months, according to Scheinthal. One of Caesars’ latest gaming operations to open is the Caesars Republic Lake Tahoe Hotel & Casino, which debuted earlier this month in the popular mountain destination. Caesars’ Q2 results come after the company reported improving performance fundamentals in Las Vegas in the first quarter of this year. Hotel and gaming competitor MGM Resorts International is slated to report its Q2 earnings results July 29. MGM is similarly facing a possible acquisition, after Barry Diller-owned media conglomerate People Incorporated made an $18 billion bid to buy the resort operator in June.

For the quarter ended June 2026, Caesars Entertainment (CZR) reported revenue of $2.99 billion, up 3% over the same period last year. EPS came in at -$0.30, compared to -$0.39 in the year-ago quarter. The reported revenue represents a surprise of +1.09% over the Zacks Consensus Estimate of $2.96 billion. With the consensus EPS estimate being $0.04, the EPS surprise was -850%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Caesars Entertainment performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Las Vegas - Table game drop: $706 million compared to the $736.3 million average estimate based on two analysts. Las Vegas - Table game hold: 16.6% versus the two-analyst average estimate of 18.9%. Las Vegas - Slot handle: $2.67 billion versus $2.53 billion estimated by two analysts on average. Caesars Digital - iGaming hold: 3.9% compared to the 3.7% average estimate based on two analysts. Caesars Digital - iGaming handle: $4.83 billion compared to the $5.4 billion average estimate based on two analysts. Caesars Digital - Sports betting hold: 8.4% versus the two-analyst average estimate of 8.4%. Caesars Digital - Sports betting handle: $2.57 billion versus the two-analyst average estimate of $2.5 billion. Net Revenues- Las Vegas: $1.02 billion versus $1.04 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3.5% change. Net Revenues- Regional: $1.57 billion compared to the $1.48 billion average estimate based on three analysts. The reported number represents a change of +9.4% year over year. Net Revenues- Managed and Branded: $57 million compared to the $70.92 million average estimate based on three analysts. The reported number represents a change of -23% year over year. Net Revenues- Caesars Digital: $351 million versus $360.68 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change. Net Revenues- Las Vegas- Casino: $277 million versus $277.17 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.1% change. View all Key Company Metrics for Caesars Entertainment here>>> Shares of Caesars Entertainment have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

LAS VEGAS & RENO, Nev., July 28, 2026--(BUSINESS WIRE)--Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or the "Company") today reported operating results for the second quarter ended June 30, 2026. Second Quarter 2026 and Recent Highlights: GAAP net revenues of $3.0 billion versus $2.9 billion for the comparable prior-year period. GAAP net loss of $62 million compared to a net loss of $82 million for the comparable prior-year period. Consolidated Adjusted EBITDA of $920 million versus $955 million for the comparable prior-year period. Caesars Digital Adjusted EBITDA of $68 million versus $80 million for the comparable prior-year period. Second Quarter 2026 Financial Results Summary and Segment Information Balance Sheet and Liquidity As of June 30, 2026, Caesars had $11.8 billion in aggregate principal amount of debt outstanding. Total cash and cash equivalents were $965 million, excluding restricted cash of $112 million. As of June 30, 2026, cash on hand and borrowing capacity was as follows: Non-GAAP Measures Adjusted EBITDA (described below), a non-GAAP financial measure, has been presented as a supplemental disclosure because it is a widely used measure of performance and basis for valuation of companies in our industry and we believe that this non-GAAP supplemental information will be helpful in understanding our ongoing operating results. Management has historically used Adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. Adjusted EBITDA represents, as applicable, net income (loss) before interest income and interest expense, net of interest capitalized, (benefit) provision for income taxes, depreciation and amortization, stock-based compensation expense, (gain) loss on extinguishment of debt, impairment charges, other (income) loss, net income (loss) attributable to noncontrolling interests, transaction costs associated with our acquisitions, developments and divestitures, and non-cash changes in equity method investments. Adjusted EBITDA also excludes the expense associated with certain of our leases as these transactions were accounted for as financing obligations and the associated expense is included in interest expense. Adjusted EBITDA is not a measure of performance or liquidity calculated in accordance with accounting principles generally accepted in the United States ("GAAP"). Adjusted EBITDA is unaudited and should not be considered an alternative to, or more meaningful than, net income (loss) as an indicator of our operating performance. Uses of cash flows that are not reflected in Adjusted EBITDA include capital expenditures, interest payments, income taxes, debt principal repayments, distributions to our noncontrolling interest owners and payments under our leases with affiliates of VICI and GLPI, which can be significant. As a result, Adjusted EBITDA should not be considered as a measure of our liquidity. The reconciliation of net income (loss) attributable to Caesars to Adjusted EBITDA is attached at the end of this press release. Net debt (defined above), a non-GAAP measure, has been presented as a supplemental disclosure because we believe it is helpful in understanding our financial condition. The reconciliation of net debt to total outstanding indebtedness is set forth above. Other companies that provide similar non-GAAP measures may calculate them differently than we do, and the definitions may not be the same as the definitions used in any of our debt or lease agreements. No Conference Call Due to the Company’s pending definitive agreement to be acquired by Fertitta Entertainment, Inc. announced on May 28, 2026, Caesars will not be hosting a quarterly conference call. Upon completion of the transaction, Caesars’ common stock will no longer be listed on NASDAQ, and the Company will become a private entity. This press release will be posted on the Company’s Investor Relations website at https://investor.caesars.com. About Caesars Entertainment, Inc. Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world’s most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. To review our latest CSR report, please visit www.caesars.com/corporate-social-responsibility/csr-reports. Must be 21+ to gamble. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867). Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding our strategies, objectives and plans for future development or acquisitions of properties or operations, as well as expectations, future operating results and other information that is not historical information. When used in this press release, the terms or phrases such as "anticipates," "believes," "projects," "plans," "intends," "expects," "might," "may," "estimates," "could," "should," "would," "will likely continue," and variations of such words or similar expressions are intended to identify forward-looking statements. Although our expectations, beliefs and projections are expressed in good faith and with what we believe is a reasonable basis, there can be no assurance that these expectations, beliefs and projections will be realized. There are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this press release. These risks and uncertainties include, but are not limited to: (a) risks associated with the proposed merger, (b) the impact on our business, financial results and liquidity of economic trends, inflation, public health emergencies, terrorist attacks and other acts of war or hostility, work stoppages and other labor problems, or other economic and market conditions, including reductions in discretionary consumer spending as a result of downturns in the economy and other factors outside our control; (c) the impact of future cybersecurity breaches on our business, financial conditions and results of operations; (d) our ability to successfully operate our digital betting and iGaming platform and expand its user base; (e) risks associated with our leverage and our ability to reduce our leverage; (f) the effects of competition, including new or continued competition in certain of our markets, on our business and results of operations; and (g) additional factors discussed in the sections entitled "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission. Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements. In light of these and other risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. These forward-looking statements speak only as of the date of this press release, even if subsequently made available on our website or otherwise, and we do not intend to update publicly any forward- looking statement to reflect events or circumstances that occur after the date on which the statement is made, except as may be required by law. We periodically provide other information for investors on our Investor Relations website, https://investor.caesars.com. We intend to use our website as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts. Source: Caesars Entertainment, Inc.; CZR View source version on businesswire.com: https://www.businesswire.com/news/home/20260728609369/en/ Contacts Investor Relations: Brian Agnew, [email protected]; Charise Crumbley, [email protected], 800-318-0047 Media Relations: Kate Whiteley, [email protected]

Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR) will be reporting results this Tuesday after market close. Here’s what you need to know. Caesars Entertainment beat analysts’ revenue expectations last quarter, reporting revenues of $2.87 billion, up 2.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates. Is Caesars Entertainment a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Caesars Entertainment’s revenue to grow 2.3% year on year, in line with the 2.7% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Caesars Entertainment has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Caesars Entertainment’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 4.2%, missing analysts’ expectations by 0.7%, and Boyd Gaming reported flat revenue, in line with consensus estimates. Monarch traded down 5.6% following the results while Boyd Gaming’s stock price was unchanged. Read our full analysis of Monarch’s results here and Boyd Gaming’s results here. In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.1% on average over the last month. Caesars Entertainment’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $31.27 (compared to the current share price of $29.80). ONE MORE THING: The $21 AI Application Stock Wall Street Forgot. While Wall Street obsesses over who’s building AI, one company is already using it to print money. And nobody’s paying attention. AI chip stocks trade at ridiculous valuations. This company processes a trillion consumer signals monthly using AI and trades at a third of the price. The gap won’t last. The institutions will figure it out. You need to see this first. Read the FREE Report Before They Notice.

The market expects Caesars Entertainment (CZR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This casino and resort operator is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +110.3%. Revenues are expected to be $2.95 billion, up 1.6% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 31.39% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Caesars Entertainment, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +69.64%. On the other hand, the stock currently carries a Zacks Rank of #2. So, this combination indicates that Caesars Entertainment will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Caesars Entertainment would post a loss of$0.19 per share when it actually produced a loss of -$0.48, delivering a surprise of -152.63%. The company has not been able to beat consensus EPS estimates in any of the last four quarters. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Caesars Entertainment appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesars Entertainment, Inc. (CZR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

TORONTO, May 14, 2026--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ:BRAG; TSX:BRAG) ("bragg" or the "Company"), a leading igaming content and platform technology solutions provider, today announced its financial results for the first quarter of 2026. First Quarter 2026 Financial Highlights: Revenue Growth: Total quarterly revenue of €25.7 million (US$29.7 million)1 in the first quarter: The Netherlands revenue increased 3.5% year-over-year due to a short-term uplift from a fixed Player Account Management ("PAM") agreement with Entain Plc (LSE: ENTL); Brazil revenue increased 33.3% compared to the 2025 first quarter with continued growth in provider onboarding; and United States recurring revenue grew 7.1% year-over-year, driven by expanded high-margin proprietary content footprint, while total U.S. revenue declined 12.1% due to one off revenue in the 2025 first quarter related to the Company’s content and technology project with Caesars Entertainment for its online casino platforms; and Total revenue grew 0.6% year-over-year. Operating Loss, Net Loss and Adjusted EBITDA2: Operating loss for the first quarter was €1.4 million (US$1.7 million), a €0.3 million (US$0.1 million) improvement from an operating loss of €1.7 million (US$1.8 million) in the same period of 2025. Net loss for the first quarter was €1.2 million (US$1.4 million), or €0.05 (US$0.05) per common share, a 55% improvement from a net loss of €2.6 million (US$2.8 million), or €0.11 (US$0.12) per common share, in the same period of 2025. Adjusted EBITDA for the 2026 first quarter was €4.0 million (US$4.6 million), representing an Adjusted EBITDA Margin3 of 15.7%, compared to €4.1 million (US$4.3 million), representing an Adjusted EBITDA Margin of 16.0% in Q1-2025. 1 Results converted from EUR to USD assume an exchange rate of 1.1517 for the three-month period ending March 31, 2026, and assume an exchange rate of 1.0536 for the three-month period ending March 31, 2025. 2,3 Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. For important information on the Company’s non-IFRS financial measures, see "Non-IFRS Financial Measures" below. First Quarter 2026 and Recent Business Highlights: Extended Key Player Account Management ("PAM") Agreement in Europe: Announced the extension of its existing comprehensive Player Account Management ("PAM") platform and turnkey solution agreement with Senator Group, an online casino market leader in Croatia. Chosen as Preferred Content Delivery Partner Across a Multi-Brand, Multi-Jurisdictional Portfolio: Building on an existing relationship between the parties that began in 2020 and has already seen successful launches in Romania, Belgium, Serbia and Brazil, Super Technologies selected bragg as its preferred content delivery partner to support its ambitious strategic expansion plan by providing fast access to quality content, while also delivering on the necessary technical and compliance readiness for demanding regulated territories. Soon thereafter, bragg announced its role in supporting Super Technologies’ successful launch in the regulated Greek market through its flagship brand, Superbet, marking a significant milestone in bragg’s ongoing global expansion strategy. Positioned for Finnish Market Liberalization: Signed a comprehensive PAM platform and turnkey solution agreement with SuomiVeto, a market entrant led by the successful founders of BetCity.nl, that will see bragg provide SuomiVeto access to a vast portfolio of exclusive and aggregated casino games, a fully managed sportsbook, award-winning fuze™ player engagement tools, and comprehensive managed marketing and operational services in the newly regulated Finnish iGaming market, which is scheduled to "go live" for private operators on July 1, 2027. Leapt into an Artificial Intelligence ("AI")-First Future: Initiated the development of the bragg AI brain, a data-driven AI engine designed to power smarter decisions and intelligent products across bragg's ecosystem in order to reduce the Company’s overall cost structure, drive its EBITDA growth, and move it toward sustained net profitability. Strengthened Leadership Team and Changed Board: Appointed Morten Tonnesen as its new Chief Operating Officer, with a mandate that includes driving operational leverage and implementing bragg's ambitious AI-First transformation, and promoted Garrick Morris to the position of Executive Vice President of Global Content, U.S. & Canada, with a focus on content expansion. In addition, Thomas Winter, a gaming industry luminary, was appointed to bragg’s Board of Directors, succeeding Kent Young, who retired from the Board. Executed a Strategic Restructuring to Reduce Cost Structure and Improve Operating Performance: Completed a strategic restructuring, including an approximate 12% reduction of global workforce, designed to realign the organization and thereby improve its overall cost structure, drive its EBITDA growth, and shorten the time required for it to achieve sustained net profitability. The Company incurred restructuring costs related to this action of approximately €0.7 million (US$0.9 million) associated with personnel-related termination costs in the first quarter of 2026, and it anticipates annualized cash savings from its staff reductions and other restructuring efforts to be approximately €4.5 million (US$5.2 million). Ensured Greater Board Alignment with Shareholders: From January 1, 2026, fees are being paid to directors exclusively in deferred share units (DSUs) on a monthly basis (with no cash alternative). Entered into Agreement for a Transformational Acquisition: Earlier today, announced entering into a binding agreement to acquire Drayton International ("Drayton"), a diversified gaming technology and content platform. In conjunction with the closing of the transaction, renowned gaming entrepreneur, Matthew Davey, will join the Company’s Board as Non-Executive Chairman, further strengthening the Company’s leadership as it executes its next phase of growth. Matevž Mazij, Chief Executive Officer for bragg, commented, "We continued to execute well across our business in the first quarter. But in many ways, I believe we are only just approaching the starting line as we work to complete our potentially transformative transaction with Drayton, which we believe will position bragg to lead the future of the global gaming industry with the right team, the best technology, a refreshed brand, and a clear ‘games-first’ focus." For additional information on bragg’s acquisition of Drayton, including information regarding forward-looking statements and risk factors related to the transaction with Drayton, please refer to the Company’s press release dated May 14, 2026, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca and under the Company’s EDGAR profile at www.sec.gov/search-filings. 2026 Outlook The Company continues to anticipate full year 2026 revenue between €97.0 million and €104.5 million and Adjusted EBITDA of €16.0 million to €19.0 million (representing an Adjusted EBITDA Margin of 16.0% to 18.0%). bragg noted that these amounts do not include any potential revenue and/or Adjusted EBITDA impacts from the planned Drayton acquisition. Investor Conference Call The Company will host a conference call today at 8:30 a.m. Eastern, and management will discuss the financial and operational performance of the company. A presentation of these results will be made available to download at: https://investors.bragg.group/events-and-presentations/presentations/default.aspx To join the call, please use the below dial-in information: USA / International Toll +1 (585) 542-9983 USA / Canada Toll-Free +1 (833) 461-5787 Canada Toll +1 (365) 657-4084 United Kingdom Toll +44 117 389 0104 United Kingdom Toll Free +44 808 196 8935 Conference ID: 267144801 The call will also be broadcast live and archived on the Company's website in the Investors section here. About bragg Bragg Gaming Group, "bragg" (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg delivers a proven revenue engine for operators and an unforgettable experience for players. The bragg product suite includes: casino games: Featuring bragg studios game experiences, as well as aggregated and bespoke IP crafted for bragg by partner studios. fuze™: Real-time behavioural intelligence that maps player journeys to reduce churn and maximize lifetime value. bragg hub: A single integration aggregating the industry's best games from bragg’s premium in-house studios and third-party games houses. bragg PAM: A proven, scalable platform that simplifies operations across markets. Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth. Cautionary Statement Regarding Forward-Looking Information This news release may contain forward-looking information and statements (collectively, "forward-looking statements") within the meaning of applicable securities laws in Canada and the U.S., including financial and operational expectations and projections. These statements, other than statements of historical fact, are based on management’s current expectations and projections and are subject to a number of risks, uncertainties, and assumptions, including market and economic conditions, business prospects or opportunities, future plans and strategies, projections, technological developments, anticipated events and trends and regulatory changes that affect the Company, its subsidiaries and their respective customers and industries. Although the Company and management believe the expectations and projections reflected in such forward-looking statements are appropriate and are based on reasonable assumptions and estimates as of the date hereof, there can be no assurance that these assumptions or estimates are accurate or that any of these expectations and projections will prove accurate. Forward-looking statements are inherently subject to significant business, regulatory, economic and competitive risks, uncertainties and contingencies that could cause actual events to differ materially from those expressed or implied in such statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "would", "should", "believe", "objective", "ongoing", "imply" or the negative of these words or other variations or synonyms of these words or comparable terminology and similar expressions. All forward-looking statements contained in this news release or the conference call reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the regulatory regime governing the business of the Company; the operations of the Company; the products and services of the Company; the Company’s customers; the growth of the Company’s business, meeting minimum listing requirements of the stock exchanges on which the Company’s shares trade; the integration of technology; and the anticipated size and/or revenue associated with the gaming market globally. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the following: risks related to the Company’s business and financial position; that the Company may not be able to accurately predict its rate of growth and profitability; risks associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the inability to access sufficient capital from internal and external sources; the inability to access sufficient capital on favorable terms; realization of growth estimates, income tax and regulatory matters; the ability of the Company to implement its business strategies; competition; economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices; changes in customer demand; disruptions to the Company’s technology network including computer systems and software; natural events such as severe weather, fires, floods and earthquakes; any disruptions to operations as a result of the strategic alternatives review process; and risks related to health pandemics and the outbreak of communicable diseases. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws. Non-IFRS Financial Measures To supplement its Interim Financial Statements presented in accordance with IFRS, the Company considers certain financial measures and metrics that are not prepared in accordance with IFRS. The Company uses such non-IFRS financial measures and metrics in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that such measures and metrics help identify underlying trends in its business that could otherwise be masked by the effect of the expenses that it excludes in such measures. The Company also believes that such measures provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making. However, these measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with IFRS. There are a number of limitations related to the use of such non-IFRS measures as opposed to their nearest IFRS equivalents. Accordingly, these non-IFRS measures should not be considered in isolation nor as a substitute for analysis of our financial information reported under IFRS. The Company uses the non-IFRS financial measures and metrics "EBITDA", "Adjusted EBITDA" and "Adjusted EBITDA Margin", each as defined below in this news release. The most directly comparable financial measure to each of EBITDA and Adjusted EBITDA is Net Loss. These non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. The Company also believes that securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers. The Company’s management uses non-IFRS measures in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. The Company defined such non-IFRS measures as follows: "EBITDA" means as net income (loss) plus interest, taxes, depreciation and amortization; provided that all revenue, costs and expenses shall be recorded on an accrual basis. The Company’s method of calculating EBITDA may differ from the method used by other issuers and, accordingly, the Company’s EBITDA calculation may not be comparable to similarly titled measures used by other issuers. "Adjusted EBITDA" means EBITDA after: (i) adding back share based compensation; (ii) deducting lease payments recorded as a depreciation of right-of-use assets and lease interest expense; (iii) adding back or deducting gain (loss) on lease modification; (iv) adding back or deducting gain (loss) on re-measurement of deferred consideration; (v) adding back certain exceptional costs; (vi) adding back transaction and acquisition costs; and (vii) adding back or deducting gain (loss) on disposal of tangible assets. "Adjusted EBITDA Margin" means Adjusted EBITDA divided by revenue. A reconciliation of operating loss to EBITDA and Adjusted EBITDA is as follows in this news release as well as in the Company’s Management’s Discussion and Analysis ("MD&A") for the quarter ended March 31, 2026. Future Oriented Financial Information This news release and, in particular the information in respect of bragg’s prospective revenues and Adjusted EBITDA may contain future oriented financial information ("FOFI") within the meaning of applicable securities laws. The FOFI has been prepared by management to provide an outlook on bragg’s proposed activities and potential results and may not be appropriate for other purposes. The FOFI has been prepared based on a number of assumptions, including assumptions with respect to customer growth and market expansion. bragg and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management’s best estimates and judgments; however, the actual results of operations of bragg and the resulting financial results may vary from the amounts set forth herein and such variations may be material. FOFI contained in this news release was made as of the date of this news release and bragg disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Join bragg on social media Twitter LinkedIn Facebook Instagram View source version on businesswire.com: https://www.businesswire.com/news/home/20260514578323/en/ Contacts For investor relations, please contact: Stephen Kilmer +1 (646)-274-3580 [email protected]

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Caesars Entertainment (CZR) just released first quarter results, with revenue and sales both higher than a year ago and the net loss narrowing, while new entertainment openings aim to keep its properties front of mind for visitors. See our latest analysis for Caesars Entertainment. The latest results and property openings come after a strong 90-day share price return of 35.38% and a 17.91% year to date share price return. However, the 1-year total shareholder return is slightly negative and longer term total shareholder returns remain weak, which suggests current momentum reflects shifting expectations rather than a long, uninterrupted uptrend. If Caesars’ recent moves have you thinking about what else is shaping the market, it could be worth scanning for other opportunities with the 19 top founder-led companies With Caesars Entertainment now showing modest revenue growth, a narrower quarterly loss and a share price that has moved sharply higher, you have to ask: is the stock still undervalued, or is the market already pricing in future growth? Against a last close of $27.78, the most followed narrative pegs Caesars Entertainment’s fair value at $32.57, which implies a meaningful valuation gap built on detailed long term forecasts. Read the complete narrative. Curious what underpins that valuation spread, and how modest revenue growth, margin shifts and a higher future earnings multiple all fit together? The full narrative lays out the detailed assumptions behind that $32.57 fair value and the path from today’s losses to future profitability. Result: Fair Value of $32.57 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that 14.7% discount depends on Caesars managing its debt load and keeping promotional spending and remodeling costs from eroding already thin margins. Find out about the key risks to this Caesars Entertainment narrative. If this all sounds cautiously upbeat, now is the time to check the numbers yourself and decide whether the optimism makes sense for you. To see what investors are most hopeful about, take a closer look at the 3 key rewards Do not stop with one stock when you can quickly scan other potential opportunities that match your style and help round out your watchlist. Spot potential value candidates early by checking out 51 high quality undervalued stocks that pair stronger fundamentals with prices that may sit below their fair value estimates. Prioritise resilience and sleep easier at night by reviewing 72 resilient stocks with low risk scores that score well on stability and gentler risk profiles. Broaden your opportunity set beyond the usual tickers by using the screener containing 23 high quality undiscovered gems that still fly under most investors’ radar. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include CZR. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Caesars Entertainment, Inc. (NASDAQ:CZR) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was a pretty bad result overall; while revenues were in line with expectations at US$2.9b, statutory losses exploded to US$0.48 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Taking into account the latest results, the most recent consensus for Caesars Entertainment from 17 analysts is for revenues of US$11.8b in 2026. If met, it would imply a credible 2.3% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 73% to US$0.64. Before this latest report, the consensus had been expecting revenues of US$11.8b and US$0.23 per share in losses. While this year's revenue estimates held steady, there was also a sizeable expansion in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock. Check out our latest analysis for Caesars Entertainment As a result, there was no major change to the consensus price target of US$33.22, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Caesars Entertainment, with the most bullish analyst valuing it at US$41.00 and the most bearish at US$24.00 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Caesars Entertainment's revenue growth is expected to slow, with the forecast 3.1% annualised growth rate until the end of 2026 being well below the historical 7.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 8.8% per year. Factoring in the forecast slowdown in growth, it seems obvious that Caesars Entertainment is also expected to grow slower than other industry participants. The most important thing to take away is that the analysts increased their loss per share estimates for next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$33.22, with the latest estimates not enough to have an impact on their price targets. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Caesars Entertainment going out to 2028, and you can see them free on our platform here. You can also see whether Caesars Entertainment is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.