Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 103

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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4Net loss attributable to Caesars$(82)$(122)$(197)$(280)Shares outstanding:Weighted average shares outstanding – basic209 216 210 216 Weighted average shares outstanding – diluted209 216 210 216 Net loss per common share attributable to common stockholders – basic:$(0.39)$(0.56)$(0.93)$(1.29)Net loss per common share attributable to common stockholders – diluted:$(0.39)$(0.56)$(0.93)$(1.29)

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

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 June 30,Six Months Ended June 30,(In millions)2025202420252024Stock-based compensation awards5 4 5 4 Total anti-dilutive common stock5 4 5 4 

Note 9. Stock-Based Compensation and Stockholders’ Equity

Stock-Based AwardsThe Company maintains a long-term incentive plan, adopted by the Board of Directors (“Board”) and approved by the Company’s stockholders, which allows for granting stock-based compensation awards to directors, employees, officers, and consultants or advisers who render services to the Company or its subsidiaries, based on Company Common Stock, including stock options, restricted stock, restricted stock units (“RSUs”), performance stock units (“PSUs”), market-based performance stock units (“MSUs”), stock appreciation rights, and other stock-based awards or dividend equivalents. Forfeitures are recognized in the period in which they occur. Total stock-based compensation expense in the accompanying Statements of Operations totaled $24 million during both the three months ended June 30, 2025 and 2024, and $50 million and $49 million during the six months ended June 30, 2025 and 2024, respectively. These amounts are included in Corporate expense in the Company’s Statements of Operations. 2015 Equity Incentive Plan (the “2015 Plan”)During the six months ended June 30,