Caesars Entertainment, Inc. (CZR)

Caesars Entertainment Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	10,276	9,999	10,185	9,550	8,518
Other Revenue	1,210	1,246	1,343	1,271	1,052
Revenue	11,486	11,245	11,528	10,821	9,570
Revenue Growth (YoY)	2.14%	-2.46%	6.53%	13.07%	163.78%
Cost of Revenue	5,743	5,419	5,395	5,401	4,647
Gross Profit	5,743	5,826	6,133	5,420	4,923
Selling, General & Admin	2,248	2,227	2,318	2,354	2,091
Operating Expenses	3,665	3,551	3,579	3,559	3,217
Operating Income	2,078	2,275	2,554	1,861	1,706
Interest Expense	-2,324	-2,377	-2,354	-2,277	-2,311
Interest & Investment Income	20	11	12	12	16
Currency Exchange Gain (Loss)	-	-	-	-	23
Other Non Operating Income (Expenses)	2	-	10	46	-166
EBT Excluding Unusual Items	-224	-91	222	-358	-732
Merger & Restructuring Charges	-	-	-	-	-68
Impairment of Goodwill	-160	-182	-14	-78	-
Gain (Loss) on Sale of Investments	-	-	-	-	-55
Gain (Loss) on Sale of Assets	-	351	-	-	-
Asset Writedown	-22	-120	-81	-30	-102
Other Unusual Items	-42	-82	-187	-137	-333
Pretax Income	-448	-124	-60	-565	-1,269
Income Tax Expense	-11	87	-888	-41	-283
Earnings From Continuing Operations	-437	-211	828	-524	-986
Earnings From Discontinued Operations	-	-	-	-386	-30
Net Income to Company	-437	-211	828	-910	-1,016
Minority Interest in Earnings	-65	-67	-42	11	-3
Net Income	-502	-278	786	-899	-1,019
Net Income to Common	-502	-278	786	-899	-1,019
Shares Outstanding (Basic)	208	215	215	214	211
Shares Outstanding (Diluted)	208	215	216	214	211
Shares Change (YoY)	-3.26%	-0.46%	0.94%	1.42%	62.31%
EPS (Basic)	-2.41	-1.29	3.66	-4.20	-4.83
EPS (Diluted)	-2.42	-1.29	3.64	-4.20	-4.83
Free Cash Flow	497	-221	545	23	652
Free Cash Flow Per Share	2.39	-1.03	2.52	0.11	3.09
Gross Margin	50.00%	51.81%	53.20%	50.09%	51.44%
Operating Margin	18.09%	20.23%	22.16%	17.20%	17.83%
Profit Margin	-4.37%	-2.47%	6.82%	-8.31%	-10.65%
Free Cash Flow Margin	4.33%	-1.97%	4.73%	0.21%	6.81%
EBITDA	3,495	3,599	3,815	3,066	2,832
EBITDA Margin	30.43%	32.01%	33.09%	28.33%	29.59%
D&A For EBITDA	1,417	1,324	1,261	1,205	1,126
EBIT	2,078	2,275	2,554	1,861	1,706
EBIT Margin	18.09%	20.23%	22.16%	17.20%	17.83%
Revenue as Reported	11,486	11,245	11,528	10,821	9,570
Advertising Expenses	237	231	259	571	518

Updated Feb 17, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q