The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations for the three months ended March 31, 2025 and 2024:


	Three Months Ended March 31,
(In millions, except per share data)	2025		2024


Net loss attributable to Caesars	$	(115)	$	(158)
Shares outstanding:
Weighted average shares outstanding – basic	212		216



Weighted average shares outstanding – diluted	212		216



Net loss per common share attributable to common stockholders – basic:	$	(0.54)	$	(0.73)



Net loss per common share attributable to common stockholders – diluted:	$	(0.54)	$	(0.73)

For a period in which the Company generated a net loss attributable to Caesars, the weighted average shares outstanding - basic was used in calculating diluted loss per share because using diluted shares would have been anti-dilutive to loss per share.


Weighted-Average Number of Anti-Dilutive Shares Excluded from the Calculation of Earnings per Share

	Three Months Ended March 31,
(In millions)	2025	2024
Stock-based compensation awards	5	4
Total anti-dilutive common stock	5	4