Caesars Entertainment (NASDAQ:CZR) shares rose 2.5% after the company announced its fourth-quarter results. While the casino operator reported a wider loss than anticipated, its digital betting segment delivered record performance with $85 million in Adjusted EBITDA and a 38.7% increase in digital revenue. The company also continued its share repurchase program, buying back 14.7 million shares for $420 million since mid-2024.
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Caesars Entertainment shares rise 2.5% as digital segment delivers record quarter
Caesars Entertainment (NASDAQ:CZR) shares rose 2.5% after the company announced its fourth-quarter results. While the casino operator reported a wider loss than anticipated, its digital betting segment delivered record performance with $85 million in Adjusted EBITDA and a 38.7% increase in digital revenue. The company also continued its share repurchase program, buying back 14.7 million shares for $420 million since mid-2024.