v3.25.2

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
NET REVENUES:
Net revenues	$ 2,907	$ 2,830	$ 5,701	$ 5,572
OPERATING EXPENSES:
General and administrative	477	465	960	965
Corporate	84	80	166	158
Impairment charges	0	118	0	118
Depreciation and amortization	364	326	721	653
Transaction and other costs, net	34	13	36	19
Total operating expenses	2,381	2,324	4,687	4,581
Operating income	526	506	1,014	991
OTHER EXPENSE:
Interest expense, net	(579)	(594)	(1,153)	(1,184)
Loss on extinguishment of debt	0	(3)	0	(51)
Other income (loss)	1	(1)	0	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 (in dollars per share)	$ (0.39)	$ (0.56)	$ (0.93)	$ (1.29)
Diluted loss per share (in dollars per share)	$ (0.39)	$ (0.56)	$ (0.93)	$ (1.29)
Weighted average basic shares outstanding (in shares)	209	216	210	216
Weighted average diluted shares outstanding (in shares)	209	216	210	216
Casino
NET REVENUES:
Net revenues	$ 1,668	$ 1,557	$ 3,262	$ 3,092
OPERATING EXPENSES:
Cost of goods and services	887	817	1,748	1,669
Food and beverage
NET REVENUES:
Net revenues	428	435	863	857
OPERATING EXPENSES:
Cost of goods and services	275	266	550	529
Hotel
NET REVENUES:
Net revenues	509	514	991	1,007
OPERATING EXPENSES:
Cost of goods and services	155	139	306	276
Other
NET REVENUES:
Net revenues	302	324	585	616
OPERATING EXPENSES:
Cost of goods and services	$ 105	$ 100	$ 200	$ 194

Represents the corporate expenses incurred during the reporting period.

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Caesars Entertainment, Inc. 10-Q