Caesars Entertainment, Inc.

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 17, 2026

CZR$29.28+0.2%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Years Ended December 31,
(In millions, except per share data)	2025	2024	2023
NET REVENUES:
Casino	$6,617	$6,267	$6,367
Food and beverage	1,714	1,716	1,728
Hotel	1,945	2,016	2,090
Other	1,210	1,246	1,343
Net revenues	11,486	11,245	11,528
OPERATING EXPENSES:
Casino	3,602	3,370	3,342
Food and beverage	1,106	1,073	1,049
Hotel	615	580	570
Other	420	396	434
General and administrative	1,926	1,920	2,012
Corporate	322	307	306
Impairment charges	182	302	95
Depreciation and amortization	1,417	1,324	1,261
Transaction and other costs, net	38	(331)	(13)
Total operating expenses	9,628	8,941	9,056
Operating income	1,858	2,304	2,472
OTHER EXPENSE:
Interest expense, net	(2,304)	(2,366)	(2,342)
Loss on extinguishment of debt	(4)	(89)	(200)
Other income	2	27	10
Total other expense	(2,306)	(2,428)	(2,532)
Loss before income taxes	(448)	(124)	(60)
Benefit (provision) for income taxes	11	(87)	888
Net income (loss)	(437)	(211)	828
Net income attributable to noncontrolling interests	(65)	(67)	(42)
Net income (loss) attributable to Caesars	$(502)	$(278)	$786
Net income (loss) attributable to Caesars per share - basic and diluted:
Basic income (loss) per share	$(2.42)	$(1.29)	$3.65
Diluted income (loss) per share	$(2.42)	$(1.29)	$3.64
Weighted average basic shares outstanding	208	215	215
Weighted average diluted shares outstanding	208	215	216

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.