Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 65

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 ended June 30, 2025 and 2024, respectively, in addition to reconciling net income (loss) attributable to Caesars to Adjusted EBITDA in accordance with GAAP (unaudited):

Three Months Ended June 30,Six Months Ended June 30,(In millions)2025202420252024Net loss attributable to Caesars$(82)$(122)$(197)$(280)Net income attributable to noncontrolling interests17 20 34 36 Provision for income taxes13 10 24 25 Other (income) loss (a)(1)1 — (25)Loss on extinguishment of debt— 3 — 51 Interest expense, net579 594 1,153 1,184 Impairment charges (b)— 118 — 118 Depreciation and amortization364 326 721 653 Transaction costs and other, net (c)41 26 54 42 Stock-based compensation expense24 24 50 49 Adjusted EBITDA955 1,000 1,839 1,853 Pre-disposition Adjusted EBITDA (d)— (4)— (8)Total Adjusted EBITDA$955 $996 $1,839 $1,845 

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(a)Other (income) loss for the six months ended June 30, 2024 primarily represents a change in the estimate of our disputed claims liability. 

(b)Impairment charges for the three and six months ended June 30, 2024 includes impairment within our Regional segment as a result of a decrease in projected cash flows at certain properties primarily due to localized competition.

(c)Transaction costs and other, net primarily includes costs related to non-cash losses on the write down and disposal of assets, certain non-recurring litigation reserves, professional services for transaction and integration costs, various contract exit or termination costs, pre-opening costs in connection with our new property openings, and non-cash changes in equity method investments.

(d)Adjustment for pre-disposition results of operations reflecting the subtraction of results of operations for the LINQ Promenade prior to divestiture, for the relevant periods. Such figures are based on unaudited internal financial statements and have not been reviewed by the Company’s auditors for the periods presented. The additional financial information is included to enable the comparison of current results with results of prior periods.