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AI brief of an SEC Form 8-K · Caesars Entertainment (CZR)

Caesars Q4 net loss widens to $250 million as revenue rises to $2.9 billion

Mixed Impact 3 of 5 earnings Written later

Caesars Entertainment reported fourth-quarter 2025 GAAP net revenues of $2.9 billion, up from $2.8 billion, but a GAAP net loss of $250 million, compared with net income of $11 million a year earlier. The prior-year period included gains on asset sales of over $350 million. Same-store Adjusted EBITDA rose to $901 million, with Caesars Digital setting a quarterly record, while full-year net loss widened to $502 million and full-year same-store Adjusted EBITDA fell to $3.6 billion.

Key points

  • Q4 GAAP net revenues $2.9 billion vs $2.8 billion; Q4 same-store Adjusted EBITDA $901 million vs $882 million
  • Q4 net loss attributable to Caesars $250 million vs net income of $11 million, driven mainly by prior-year asset sale gains of over $350 million
  • Full year net loss $502 million vs $278 million; full year same-store Adjusted EBITDA $3.6 billion vs $3.7 billion
  • Caesars Digital Q4 Adjusted EBITDA $85 million vs $20 million; company expects lower capex and cash interest in 2026

The filing

CompanyCaesars Entertainment (CZR)
Form8-K, current report
Filed with the SECFeb 17, 2026, 4:09 PM ET
Accession number0001590895-26-000010

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 17, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.