Caesars ENT

Q2 FY2026 EarningsQ2 FY26 revenue beat consensus at $2,993M vs. $2,977M expected, driven by 9.4% YoY growth in Regional operations. However, profitability missed estimates significantly: Adjusted EBITDA of $920M fell short of the prior year, and GAAP EPS was -$0.30 vs. an expected $+0.05$. A GAAP net loss of $62M was reported against a forecasted net income, primarily due to high interest expenses ($573M) and a decline in Las Vegas segment EBITDA (-12.6% YoY). The company has entered a definitive agreement to be acquired by Fertitta Entertainment, ending its public listing pending completion.