Company: CZR
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001590895-25-000130
Chunk: 17

Company: Caesars Entertainment, Inc.
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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1,295 Hotel485 515 1,476 1,522 Other306 322 891 938 Net revenues2,869 2,874 8,570 8,446 OPERATING EXPENSES:Casino909 828 2,657 2,497 Food and beverage277 271 827 800 Hotel156 152 462 428 Other114 104 314 298 General and administrative483 478 1,443 1,443 Corporate75 76 241 234 Impairment charges— — — 118 Depreciation and amortization352 326 1,073 979 Transaction and other costs, net(10)(5)26 14 Total operating expenses2,356 2,230 7,043 6,811 Operating income513 644 1,527 1,635 OTHER EXPENSE:Interest expense, net(576)(596)(1,729)(1,780)Loss on extinguishment of debt(4)— (4)(51)Other income3 4 3 29 Total other expense(577)(592)(1,730)(1,802)Income (loss) before income taxes(64)52 (203)(167)Benefit (provision) for income taxes25 (43)1 (68)Net income (loss)(39)9 (202)(235)Net income attributable to noncontrolling interests(16)(18)(50)(54)Net loss attributable to Caesars$(55)$(9)$(252)$(289)Net loss per share - basic and diluted:Basic loss per share$(0.27)$(0.04)$(1.20)$(1.34)Diluted loss per share$(0.27)$(0.04)$(1.20)$(1.34)Weighted average basic shares outstanding207 215 209 216 Weighted average diluted shares outstanding207 215 209 216 

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 September 30,Nine Months Ended September 30,(In millions)2025202420252024Net income (loss)