---
schema_version: "secwatch.filing_event.v1"
accession: "0001590895-25-000065"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:46:00.301073+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Caesars Q4 revenue $2.80B (-1% YoY); net income $11M vs loss $72M; FY net loss $278M

## Summary
- Q4 same-store Adj EBITDA $882M vs $924M YoY; Las Vegas segment $481M, Regional $410M, Digital $20M.
- Full-year GAAP net loss $278M on $11.2B revenue, impacted by $940M prior-year tax benefit reversal.
- Digital segment FY Adj EBITDA $117M (+208% YoY) on iGaming net revenue growth >60%.
- Repurchased $50M common stock in Q4; debt reduced $500M with WSOP/Promenade sale proceeds.
- 2025 capex forecast $600M; CFO expects significant FCF from lower interest expense and capex.

## SEC filing metadata
- accession: 0001590895-25-000065
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000159089525000065/0001590895-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000159089525000065/czr-20250225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590895-25-000065
- JSON: https://secwatch.observer/filing/0001590895-25-000065.json
- Plain text: https://secwatch.observer/filing/0001590895-25-000065.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.