Caesars Entertainment, Inc.
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
CZR$29.30+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Operations
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2025 | 2024 | 2025 | 2024 |
| NET REVENUES: | ||||
| Casino | $1,642 | $1,599 | $4,904 | $4,691 |
| Food and beverage | 436 | 438 | 1,299 | 1,295 |
| Hotel | 485 | 515 | 1,476 | 1,522 |
| Other | 306 | 322 | 891 | 938 |
| Net revenues | 2,869 | 2,874 | 8,570 | 8,446 |
| OPERATING EXPENSES: | ||||
| Casino | 909 | 828 | 2,657 | 2,497 |
| Food and beverage | 277 | 271 | 827 | 800 |
| Hotel | 156 | 152 | 462 | 428 |
| Other | 114 | 104 | 314 | 298 |
| General and administrative | 483 | 478 | 1,443 | 1,443 |
| Corporate | 75 | 76 | 241 | 234 |
| Impairment charges | — | — | — | 118 |
| Depreciation and amortization | 352 | 326 | 1,073 | 979 |
| Transaction and other costs, net | (10) | (5) | 26 | 14 |
| Total operating expenses | 2,356 | 2,230 | 7,043 | 6,811 |
| Operating income | 513 | 644 | 1,527 | 1,635 |
| OTHER EXPENSE: | ||||
| Interest expense, net | (576) | (596) | (1,729) | (1,780) |
| Loss on extinguishment of debt | (4) | — | (4) | (51) |
| Other income | 3 | 4 | 3 | 29 |
| Total other expense | (577) | (592) | (1,730) | (1,802) |
| Income (loss) before income taxes | (64) | 52 | (203) | (167) |
| Benefit (provision) for income taxes | 25 | (43) | 1 | (68) |
| Net income (loss) | (39) | 9 | (202) | (235) |
| Net income attributable to noncontrolling interests | (16) | (18) | (50) | (54) |
| Net loss attributable to Caesars | $(55) | $(9) | $(252) | $(289) |
| Net loss per share - basic and diluted: | ||||
| Basic loss per share | $(0.27) | $(0.04) | $(1.20) | $(1.34) |
| Diluted loss per share | $(0.27) | $(0.04) | $(1.20) | $(1.34) |
| Weighted average basic shares outstanding | 207 | 215 | 209 | 216 |
| Weighted average diluted shares outstanding | 207 | 215 | 209 | 216 |
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