# Caesars Entertainment, Inc.: overview

CZR · Nasdaq · CIK 1590895 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/czr.md) · [Financials](/companies/czr/financials.md) · [Filings](/companies/czr/filings.md) · [Insiders](/companies/czr/insiders.md)

Latest reported revenue: [$2.94bn](/filings/0001590895-26-000033.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 27, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001590895-26-000033).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,799 d](/filings/0001590895-26-000011.md) | [2,794](/filings/0001590895-26-000016.md) | [2,907](/filings/0001590895-26-000028.md) | [2,869](/filings/0001590895-26-000033.md) | [2,916 d](/filings/0001590895-26-000011.md) | [2,870](/filings/0001590895-26-000016.md) | [2,993](/filings/0001590895-26-000028.md) | [2,940](/filings/0001590895-26-000033.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [23.9% d](/filings/0001590895-26-000011.md) | [17.5%](/filings/0001590895-26-000016.md) | [18.1%](/filings/0001590895-26-000028.md) | [17.9%](/filings/0001590895-26-000033.md) | [11.4% d](/filings/0001590895-26-000011.md) | [17.4%](/filings/0001590895-26-000016.md) | [17.1%](/filings/0001590895-26-000028.md) | [15.5%](/filings/0001590895-26-000033.md) |
| Net margin | % | [0.4% d](/filings/0001590895-26-000011.md) | [(4.1%)](/filings/0001590895-26-000016.md) | [(2.8%)](/filings/0001590895-26-000028.md) | [(1.9%)](/filings/0001590895-26-000033.md) | [(8.6%) d](/filings/0001590895-26-000011.md) | [(3.4%)](/filings/0001590895-26-000016.md) | [(2.1%)](/filings/0001590895-26-000028.md) | [(4.2%)](/filings/0001590895-26-000033.md) |
| Diluted EPS | $ per share | not reported | [(0.54)](/filings/0001590895-26-000016.md) | [(0.39)](/filings/0001590895-26-000028.md) | [(0.27)](/filings/0001590895-26-000033.md) | not reported | [(0.48)](/filings/0001590895-26-000016.md) | [(0.30)](/filings/0001590895-26-000028.md) | [(0.61)](/filings/0001590895-26-000033.md) |
| Free cash flow | $m | [30.0 d](/filings/0001590895-26-000011.md) | [(5.0)](/filings/0001590895-26-000016.md) | [232 d](/filings/0001590895-26-000028.md) | [123 d](/filings/0001590895-26-000033.md) | [147 d](/filings/0001590895-26-000011.md) | [36.0](/filings/0001590895-26-000016.md) | [304 d](/filings/0001590895-26-000028.md) | [95.0 d](/filings/0001590895-26-000033.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [9.6](/filings/0001590895-24-000051.md) | [10.8](/filings/0001590895-25-000068.md) | [11.5](/filings/0001590895-26-000011.md) | [11.2](/filings/0001590895-26-000011.md) | [11.5](/filings/0001590895-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [15.3%](/filings/0001590895-24-000051.md) | [16.1%](/filings/0001590895-25-000068.md) | [21.4%](/filings/0001590895-26-000011.md) | [20.5%](/filings/0001590895-26-000011.md) | [16.2%](/filings/0001590895-26-000011.md) |
| Net margin | % | [(10.6%)](/filings/0001590895-24-000051.md) | [(8.3%)](/filings/0001590895-25-000068.md) | [6.8%](/filings/0001590895-26-000011.md) | [(2.5%)](/filings/0001590895-26-000011.md) | [(4.4%)](/filings/0001590895-26-000011.md) |
| Diluted EPS | $ per share | [(4.83)](/filings/0001590895-24-000051.md) | [(4.19)](/filings/0001590895-25-000068.md) | [3.64](/filings/0001590895-26-000011.md) | [(1.29)](/filings/0001590895-26-000011.md) | [(2.42)](/filings/0001590895-26-000011.md) |
| Free cash flow | $bn | [0.7](/filings/0001590895-24-000051.md) | [0.0](/filings/0001590895-25-000068.md) | [0.5](/filings/0001590895-26-000011.md) | [(0.2)](/filings/0001590895-26-000011.md) | [0.5](/filings/0001590895-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/czr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $830.0m | 27,501,706 |  | Added +2,088,242 |
| [Pentwater Capital Management LP](/funds/1425851.md) | 2026-06-30 | $346.0m | 11,465,000 |  | Added +8,815,000 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $311.0m | 10,304,031 |  | Reduced −40,334 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $267.8m | 8,874,288 |  | Added +44,990 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $239.5m | 7,934,764 |  | Added +2,357,453 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $201.8m | 6,684,986 |  | Added +58,237 |
| [Balyasny Asset Management L.P.](/funds/1218710.md) | 2026-06-30 | $180.4m | 5,979,100 |  | Added +4,379,172 |
| [JANUS HENDERSON GROUP PLC](/funds/1274173.md) | 2026-03-31 | $172.6m | 6,529,700 |  | Not compared |
| [Kite Lake Capital Management (UK) LLP](/funds/1687444.md) | 2026-06-30 | $166.3m | 5,510,000 |  | Added +4,980,000 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $110.7m | 3,668,045 |  | Reduced −14,683 |

## Recent filings

[All 1,061 filings](/companies/czr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 16:14 ET | [10-Q](/filings/0001590895-26-000033.md) | Quarterly report, period 2026-09-30 | 0001590895-26-000033 |
| 2026-10-27 | 16:12 ET | [8-K](/filings/0001590895-26-000032.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001590895-26-000032 |
| 2026-09-23 | 09:00 ET | [8-K](/filings/0001193125-26-398606.md) | 5.07 Shareholder vote results | 0001193125-26-398606 |
| 2026-09-22 | 09:14 ET | [8-K](/filings/0001193125-26-397323.md) | 8.01 Other events | 0001193125-26-397323 |
| 2026-09-17 | 09:12 ET | [8-K](/filings/0001193125-26-393853.md) | 5.02 Departure or appointment of officers or directors; 8.01 Other events | 0001193125-26-393853 |
| 2026-07-28 | 16:14 ET | [10-Q](/filings/0001590895-26-000028.md) | Quarterly report, period 2026-06-30 | 0001590895-26-000028 |
| 2026-07-28 | 16:11 ET | [8-K](/filings/0001590895-26-000027.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001590895-26-000027 |
| 2026-07-08 | 19:51 ET | [8-K](/filings/0001590895-26-000024.md) | 5.02 Departure or appointment of officers or directors | 0001590895-26-000024 |
| 2026-06-12 | 20:01 ET | [8-K](/filings/0001590895-26-000022.md) | 5.07 Shareholder vote results | 0001590895-26-000022 |
| 2026-05-28 | 07:23 ET | [8-K](/filings/0001193125-26-242995.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-242995 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001590895-26-000011.md), filed Feb 17, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/2a63753b-66dd-416b-ac40-2645e46fc66a)

## About the filer

- CIK: 1590895
- Tickers: CZR
- Exchange: Nasdaq
- SIC code: 7011 Hotels & Motels
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 18:21 ET. No prices; not investment advice.