Caesars Entertainment, Inc.

Listed Company

CZRCIK 0001590895NasdaqLarge AcceleratedHotels & MotelsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$11.49B

Net Income

$-502.00M

Total Assets

$31.64B

Equity

$3.50B

Shares Out

203.68M

Op. Cash Flow

$1.30B

CZR$29.84−1.68% · past yearDBEQ Basic

Daily closing prices

Business

Caesars Entertainment, Inc. is a geographically diversified gaming and hospitality company that generates revenue primarily from casino operations including slot machines, table games, retail and online sports betting, and iGaming across 52 domestic properties in 18 states. The company also operates hotels, restaurants, bars, entertainment venues, and other ancillary services to drive customer traffic. Caesars owns or leases properties under its portfolio of brands including Caesars, Harrah's, Flamingo, Paris, Planet Hollywood, Tropicana, and Horseshoe, and operates digital betting and gaming platforms through its Caesars Digital segment in multiple North American jurisdictions.

Summary from 10-K filed 2026-02-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	11,486	11,245	11,528	10,821	9,570
General and administrative	1,926	1,920	2,012	2,068	1,782
Corporate	322	307	306	286	309
Impairment charges	182	302	95	108	102
Depreciation and amortization	1,417	1,324	1,261	1,205	1,126
Transaction and other costs, net	38	−331	−13	14	144
Total operating expenses	9,628	8,941	9,056	9,082	8,110
Operating income	1,858	2,304	2,472	1,739	1,460
Interest expense, net	−2,304	−2,366	−2,342	−2,265	−2,295
Loss on extinguishment of debt	−4	−89	−200	−85	−236
Other income	2	27	10	46	−198
Total other expense	−2,306	−2,428	−2,532	−2,304	−2,729
Loss before income taxes	−448	−124	−60	—	—
Benefit (provision) for income taxes	11	−87	888	41	283
Net income (loss)	−437	−211	828	−910	−1,016
Net income attributable to noncontrolling interests	−65	−67	−42	11	−3
Net income (loss) attributable to Caesars	−502	−278	786	−899	−1,019
Basic income (loss) per share (in dollars per share)	−2.42	−1.29	3.65	−4.19	−4.83
Diluted income (loss) per share (in dollars per share)	−2.42	−1.29	3.64	−4.19	−4.83
Weighted average basic shares outstanding (in shares)	208	215	215	214	211
Weighted average diluted shares outstanding (in shares)	208	215	216	214	211

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	887	866	1,005	1,038	1,070
Restricted cash	85	95	122	131	319
Accounts receivable, net	476	470	608	611	472
Inventories	43	45	46	59	42
Prepayments and other current assets	312	271	264	263	290
Total current assets	1,803	1,747	2,045	2,102	5,964
Investments in and advances to unconsolidated affiliates	133	131	157	94	158
Property and equipment, net	14,358	14,812	14,756	14,598	14,601
Goodwill	10,441	10,601	10,990	11,004	11,076
Intangible assets other than goodwill	3,985	4,133	4,523	4,714	4,920
Deferred tax asset	67	62	47	0	—
Other long-term assets, net	852	1,104	848	1,015	1,312
Total assets	31,639	32,590	33,366	33,527	38,031
Accounts payable	297	296	408	314	254
Accrued interest	224	242	369	318	320
Accrued other liabilities	1,618	1,625	1,848	1,928	1,973
Current portion of long-term debt	114	109	65	108	70
Total current liabilities	2,253	2,272	2,690	2,668	5,297
Long-term financing obligations	13,096	12,899	12,759	12,610	12,424
Long-term debt	11,670	12,033	12,224	12,659	13,722
Deferred tax liability	58	130	102	987	1,111
Other long-term liabilities	876	880	871	852	936
Total liabilities	27,953	28,214	28,646	29,776	33,490
Commitments and contingencies (Note 8)	—	—	—	—	—
Preferred stock, $0.00001 par value, 150,000,000 shares authorized, no shares issued and outstanding	0	0	0	0	0
Common stock, $0.00001 par value, 500,000,000 shares authorized, 202,629,159 and 211,325,086 issued and outstanding	0	0	0	0	0
Additional paid-in capital	6,709	6,862	7,001	6,953	6,877
Accumulated deficit	−3,303	−2,801	−2,523	−3,309	−2,410
Treasury stock, at cost	0	0	−23	−23	−23
Accumulated other comprehensive income	98	96	97	92	36
Caesars stockholders' equity	3,504	4,157	4,552	3,713	4,480
Noncontrolling interests	182	219	168	38	61
Total stockholders equity	3,686	4,376	4,720	3,751	4,541
Total liabilities and stockholders equity	31,639	32,590	33,366	33,527	38,031

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs and discounts	178	179	200	297	347
Provision for credit losses	43	49	41	25	26
Non-cash lease amortization	24	26	51	54	39
Gain on investments	−1	−7	−5	54	107
Stock-based compensation expense	95	94	104	101	82
(Gain) loss on sale or disposal of property, equipment, trademark and businesses	17	−359	22	5	11
Deferred income taxes	−11	87	−888	−41	−283
Other non-cash adjustments to net (income) loss	−8	−23	−40	−57	−8
Accounts receivable	−53	86	−82	−143	−135
Prepaid expenses and other assets	−49	−13	39	−15	−67
Income taxes receivable and payable, net	−81	−48	−27	−7	13
Accounts payable, accrued expenses and other liabilities	−18	−500	10	−82	482
Net cash provided by operating activities	1,302	1,075	1,809	—	—
Purchase of property and equipment	−805	−1,296	−1,264	−952	−520
Acquisition of intangible assets	−4	−15	−30	−11	−312
Proceeds from sale of property, equipment, trademark and businesses	218	554	1	39	—
Proceeds from the sale of investments	8	14	4	126	—
Distributions from unconsolidated affiliate	23	39	0	0	—
Investments in unconsolidated affiliates	−6	0	−3	0	−39
Other	−5	0	36	−6	0
Net cash used in investing activities	−571	−704	−1,256	—	—
Proceeds from long-term debt and revolving credit facilities	1,580	7,525	5,460	1,500	1,308
Repayments of long-term debt and revolving credit facilities	−1,969	−7,670	−6,106	−2,738	−1,977
Financing obligation payments	−26	−8	−8	−3	−5
Debt issuance and extinguishment costs	0	−121	−79	−12	−56
Repurchase of common stock	−229	−191	0	0	—
Taxes paid related to net share settlement of equity awards	−17	−17	−27	−27	−45
Payments to acquire ownership interest in subsidiary	0	0	−66	0	0
Contributions from noncontrolling interest owners	0	0	116	0	0
Distributions to noncontrolling interest owners	−102	−16	−3	−3	−2
Net cash used in financing activities	−763	−498	−713	−1,282	—
Decrease in cash, cash equivalents and restricted cash	−32	−127	−160	−718	−2,259
Cash interest paid for debt	813	1,052	846	805	831
Cash interest paid for rent related to financing obligations	1,349	1,324	1,286	1,205	1,092
Income taxes paid, net	81	48	26	22	9
Payables for capital expenditures	109	174	169	145	100
Acquisition of intangible assets	3	32	0	0	—
Note receivable from WSOP trademark sale	0	250	0	0	—

Filings

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Frequently asked questions

What is Caesars Entertainment, Inc.'s CIK number?

Caesars Entertainment, Inc.'s SEC CIK number is 0001590895 (1590895). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Caesars Entertainment, Inc.'s SEC filings?

All of Caesars Entertainment, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Caesars Entertainment, Inc. last report earnings?

Caesars Entertainment, Inc. (CZR) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001590895-26-000015). This is Caesars Entertainment, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Caesars Entertainment, Inc.'s most recent earnings 8-K?

Caesars Entertainment, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001590895-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Caesars Entertainment, Inc.'s latest earnings 8-K →
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