Caesars Entertainment reports worse than expected third quarter earnings

In the third quarter 2026, Caesars Entertainment posted a slight increase in net revenue, but overall reported a loss of $123 million compared to a loss of $55 million for the comparable prior-year period. Caesars reported a net loss of 61 cents per share for the quarter on revenue of $2.94 billion, results that came in below analyst expectations of earnings of 8 cents a share on revenue of $2.96 billion. Caesars shares closed at $28.85, down 14 cents or 0.48%, on heavy volume of 6.2 million shares traded on the Nasdaq market.