---
schema_version: "secwatch.filing_event.v1"
accession: "0001590895-26-000010"
form_type: "8-K"
ticker: "CZR"
cik: "0001590895"
company_name: "Caesars Entertainment, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:26:10.575693+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Caesars Q4 net loss $250M, Digital EBITDA record $85M; FY net loss $502M

## Summary
- Q4 GAAP net revenues $2.9B (+4.4% YoY); net loss $250M vs net income $11M in prior year due to $350M+ gains on asset sales in 2024.
- Same-store Adj. EBITDA $901M (+2.2% YoY); Caesars Digital Adj. EBITDA $85M record vs $20M prior year.
- Full year FY 2025 net loss $502M vs loss $278M; net revenues $11.5B (+2.4% YoY).
- Debt $11.9B, cash $887M; repurchased 14.7M shares for $420M since mid-2024.
- Management forecasts 2026 free cash flow growth from lower capex and cash interest, used for debt reduction and opportunistic buybacks.

## SEC filing metadata
- accession: 0001590895-26-000010
- form_type: 8-K
- ticker: CZR
- cik: 0001590895
- company_name: Caesars Entertainment, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590895/000159089526000010/0001590895-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590895/000159089526000010/czr-20260217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590895-26-000010
- JSON: https://secwatch.observer/filing/0001590895-26-000010.json
- Plain text: https://secwatch.observer/filing/0001590895-26-000010.txt

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