By Katherine Hamilton

Caesars Entertainment swung to a loss and recorded higher revenue in the fourth quarter, but said it expects a stable year ahead.

The betting company on Tuesday posted a loss of $250 million, or $1.23 a share, compared with a profit of $11 million, or 5 cents a share, a year earlier. Analysts expected a loss of 20 cents a share, according to FactSet.

Revenue increased 4% to $2.92 billion. Analysts surveyed by FactSet forecast revenue of $2.88 billion. Sales in Caesar's Las Vegas business were down slightly, while revenue increased across its regional and digital channels.

The decrease in profit was primarily driven by gains on asset sales of more than $350 million in the prior-year quarter, Caesars said.

The brick-and-mortar operating environment remains stable, Chief Executive Tom Reeg said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 17, 2026 16:16 ET (21:16 GMT)

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