Company: CZR
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001590895-25-000126
Chunk: 47

Company: Caesars Entertainment, Inc.
Filing Date: 2025-07-29
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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057 $2,823 $678 $141 $2 $5,701 Gaming taxes(62)(621)(166)— — Labor expense(614)(609)— — — Other segment expenses (a)(479)(714)(389)(108)(100)Adjusted EBITDA$902 $879 $123 $33 $(98)$1,839 Six Months Ended June 30, 2024(In millions)Las VegasRegionalCaesars DigitalManaged and BrandedCorporate and OtherTotalNet revenues$2,129 $2,750 $558 $138 $(3)$5,572 Gaming taxes(64)(606)(148)— — Labor expense(589)(572)— — — Other segment expenses (a)(522)(670)(365)(103)(80)Adjusted EBITDA$954 $902 $45 $35 $(83)$1,853 ____________________(a)The ‘Other segment expenses’ category for each of our reportable segments primarily includes:•Las Vegas and Regional Segments - Cost of sales associated with food, beverage and retail offerings; commission fees, talent fees and ticketing expenses associated with entertainment offerings; utility costs; costs of supplies; repairs and maintenance charges; professional fees; marketing and advertising expenses; software and licensing expenses; rental costs; and insurance expense.•Caesars Digital - Labor costs directly associated with the operation and maintenance of the digital platforms; professional fees; marketing and advertising expenses; and software and licenses expenses.•Managed and Branded - Reimbursable expenses which are primarily payroll costs associated with our managed properties.•Corporate and Other - Unallocated corporate payroll and overhead costs.Reconciliation of Net Income (Loss) Attributable to Caesars to Adjusted EBITDA by SegmentAdjusted EBITDA is presented as a measure of the Company’s performance. Adjusted EBITDA is defined as revenues less certain operating expenses and is comprised of net income (loss) before (i) interest income and interest expense, net of interest capitalized, (ii) income tax (benefit) provision, (iii) depreciation and amortization, and (iv) certain items that we do not consider indicative of our ongoing operating performance at an operating property level.In evaluating Adjusted EBITDA you should be aware that, in the future, we may incur expenses that are the same or similar to some of the adjustments in this presentation. The presentation of Adjusted