Caesars Digital has reported a 2.3% year on year (YoY) increase in net revenue for Q2 2026 to $351m (£264.2m) as the imminent $17.6bn takeover of the overarching business by Fertitta Entertainment nears completion.
Adjusted EBITDA for the online arm of Caesars Entertainment came to $68m for the three months ending 30 June, a 15% drop from the same period in 2025 which yielded $80m.
- Digital net income fell 31% YoY to $27m
- Group net revenue increased 3% YoY to $3bn
- Group adjusted EBITDA fell 3.7% to $920m
The company declined to comment on the results or host an earnings call due to the impending acquisition by Fertitta, announced on 28 May, which will result in the business going private.
A spokesperson for Caesars said: “Due to the company’s pending definitive agreement to be acquired by Fertitta Entertainment, Caesars will not be hosting a quarterly conference call.
“Upon completion of the transaction, Caesars’ common stock will no longer be listed on Nasdaq, and the company will become a private entity.”
Caesars’ Las Vegas arm suffered YoY drops in net income of 26.4% and adjusted EBITDA of 12.6%, respectively, for Q2.
As for H1, net revenue for the digital arm increased 6.9% to $725m. Net income jumped 25.6% to $49m and adjusted EBITDA rose 11.4% to $137m.
Caesars reported cash and cash equivalents of $965m as of 30 June and outstanding debt of $11.8bn.
The comany’s share price closed at $29.95 on Tuesday, July 28. The price has risen steadily since an initial uptick in late February, when the takeover bid was first reported in the FT.
Fertitta Entertainment is owned by billionaire Tilman Fertitta, who also owns land-based casino franchise Golden Nugget, NBA franchise the Houston Rockets and is a significant shareholder in Wynn Resorts. He is also the US ambassador for Italy and San Marino.
Caesars CEO Tom Reeg and his executive team are expected to remain in their posts after the deal closes.
The post Caesars Digital Q2 revenue edges up ahead of Fertitta takeover first appeared on EGR Intel.
Online arm’s revenue grows 2.3% to $351m but adjusted EBITDA falls 15% as operator shelves conference call due to Fertitta Entertainment’s $17.6bn acquisition
The post Caesars Digital Q2 revenue edges up ahead of Fertitta takeover first appeared on EGR Intel.