Caesars Entertainment Q3 2026: A $570M Interest Bill and a Buyout Exit
As seen on the 24/7 Wall St. homepage on October 27, 2026.
No conference call, no guidance, and no reason for management to explain a quarter that missed expectations by a mile, because the pending Fertitta buyout takes the company private and delists it from Nasdaq. Interest expense of $570 million consumed nearly all operating income. Shareholders are now trading the deal.
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Interest expense of $570 million consumed nearly all of the company's operating income, leaving Caesars Entertainment with a third-quarter GAAP loss of $0.61 per share, missing expectations.
Revenue of $2.94 billion came in just shy of consensus, with the Las Vegas segment declining while the Regional segment grew, and Caesars Digital stood out as Adjusted EBITDA rose 57.1%, reflecting steady improvement in the company's online betting and iGaming business.
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The bottom-line damage was compounded by $19 million in transaction costs tied to the pending acquisition by Fertitta Entertainment, announced May 28, 2026, covering non-cash asset write-downs, non-recurring litigation reserves, and professional services related to the deal. The company's total debt load has weighed on every quarter in the earnings history shown here.
Caesars held no earnings conference call and offered no forward-looking guidance, and given the circumstances, neither was expected. Once the Fertitta deal closes, the common stock will be delisted from Nasdaq and the company will become private, leaving shareholders to trade on deal timing and deal certainty.
Mentioned: CZR