Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 15

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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857 Hotel509 514 991 1,007 Other302 324 585 616 Net revenues2,907 2,830 5,701 5,572 OPERATING EXPENSES:Casino887 817 1,748 1,669 Food and beverage275 266 550 529 Hotel155 139 306 276 Other105 100 200 194 General and administrative477 465 960 965 Corporate84 80 166 158 Impairment charges— 118 — 118 Depreciation and amortization364 326 721 653 Transaction and other costs, net34 13 36 19 Total operating expenses2,381 2,324 4,687 4,581 Operating income526 506 1,014 991 OTHER EXPENSE:Interest expense, net(579)(594)(1,153)(1,184)Loss on extinguishment of debt— (3)— (51)Other income (loss)1 (1)— 25 Total other expense(578)(598)(1,153)(1,210)Loss before income taxes(52)(92)(139)(219)Provision for income taxes(13)(10)(24)(25)Net loss(65)(102)(163)(244)Net income attributable to noncontrolling interests(17)(20)(34)(36)Net loss attributable to Caesars$(82)$(122)$(197)$(280)Net loss per share - basic and diluted:Basic loss per share$(0.39)$(0.56)$(0.93)$(1.29)Diluted loss per share$(0.39)$(0.56)$(0.93)$(1.29)Weighted average basic shares outstanding209 216 210 216 Weighted average diluted shares outstanding209 216 210 216 

The accompanying notes are an integral part of these consolidated condensed financial statements.

Table of Contents3

CAESARS ENTERTAINMENT, INC.

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

Three Months Ended June 30,Six Months Ended June 30,(In millions)2025202420252024Net loss$(65)$(102)$(163)$(244)Other2 — 2 (1)Other comprehensive income