By Paul Ziobro
Caesars Entertainment posted a narrower loss on an uptick in revenue in the first quarter, helped by a double-digit increase in its digital segment .
The casino operator on Tuesday reported a loss of $115 million, or 54 cents, compared with a loss of $158 million, or 73 cents, in the same quarter a year ago. Analysts were looking for a loss of 12 cents, according to FactSet.
Revenue rose 2.4% to $2.79 billion, matching analyst expectations.
The company's Las Vegas business posted a 1.9% decline in revenue, while its regional segment grew the top-line by 1.7%. Its digital segment, meanwhile, posted an 18.8% growth.
Chief Executive Tom Reeg said that the regional segment was boosted by recently opened properties, while the Las Vegas business faced a tough comparison from a year ago from the Super Bowl.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
April 29, 2025 16:20 ET (20:20 GMT)
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