Caesars Entertainment Surges to 352nd in Trading Volume with $244 Million Day Despite Stock Decline

On April 29, 2025, Caesars Entertainment, Inc. (CZR) saw a trading volume of $244 million, marking a 104.23% increase from the previous day. This surge placed Caesars at the 352nd position in terms of trading volume for the day. However, the stock price of Caesars Entertainment, Inc. (CZR) declined by 0.25%, marking the second consecutive day of decline, with a total decrease of 1.58% over the past two days.

Caesars Entertainment, Inc. reported its first-quarter 2025 financial results, highlighting a net revenue of $2.8 billion, a slight increase from $2.7 billion in the same period last year. The company's net loss narrowed to $115 million compared to $158 million in the prior-year period. Same-store Adjusted EBITDA grew to $884 million, up from $849 million in the previous year, driven by significant gains in the Digital segment and strong contributions from recently opened properties.

Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., noted that the first quarter of 2025 saw consolidated Adjusted EBITDA grow by 4% year-over-year. This growth was attributed to the Digital segment's new Q1 record, robust performance in the regional segment, and a solid quarter in Las Vegas despite a challenging comparison from the previous year's Super Bowl.

As of March 31, 2025, Caesars had $12.3 billion in outstanding debt and $884 million in cash and cash equivalents, excluding restricted cash of $125 million. The company's cash on hand and borrowing capacity totaled $2.994 billion, including $884 million in cash and cash equivalents and $2.235 billion in revolver capacity.

Caesars Entertainment, Inc. expects 2025 to benefit from lower capital expenditures and cash interest expenses, leading to a significant improvement in free cash flow. The company plans to use this improved cash flow to reduce debt and engage in opportunistic share repurchases during market dislocations. In April, Caesars repurchased $100 million of its shares at an average price of $23.84 per share.