Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 41

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 LeasesReal estate lease revenue is included in Other revenue in the Statements of Operations. During the three months ended September 30, 2025 and 2024, we recognized approximately $32 million and $38 million, respectively, and during the nine months ended September 30, 2025 and 2024, we recognized approximately $93 million and $110 million, respectively, of real estate lease revenue.Real estate lease revenue includes $15 million and $17 million of variable rental income for the three months ended September 30, 2025 and 2024, respectively, and $44 million and $45 million for the nine months ended September 30, 2025 and 2024, respectively.

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CAESARS ENTERTAINMENT, INC.NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS (CONTINUED)(UNAUDITED)

Note 8. Earnings per Share

The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,(In millions, except per share data)2025202420252024Net loss attributable to Caesars$(55)$(9)$(252)$(289)Shares outstanding:Weighted average shares outstanding – basic207 215 209 216 Weighted average shares outstanding – diluted207 215 209 216 Net loss per common share attributable to common stockholders – basic:$(0.27)$(0.04)$(1.20)$(1.34)Net loss per common share attributable to common stockholders – diluted:$(0.27)$(0.04)$(1.20)$(1.34)For a period in which the Company generated a net loss attributable to Caesars, the weighted average shares outstanding - basic was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.Weighted-Average Number of Anti-Dilutive Shares Excluded from the Calculation of Earnings per ShareThree Months Ended September 30,Nine Months Ended September 30,(In millions)2025202420252024Stock-based compensation awards5 4 5 4 Total anti-dilutive common stock5 4 5 4 

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