| Earnings per Share 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 and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (In millions, except per share data) | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | Net loss attributable to Caesars | $ | (62) | | | $ | (82) | | | $ | (160) | | | $ | (197) | | | Shares outstanding: | | | | | | | | | Weighted average shares outstanding – basic | 204 | | | 209 | | | 204 | | | 210 | | | | | | | | | | | | | | | | | | | | | | | | | | | Weighted average shares outstanding – diluted | 204 | | | 209 | | | 204 | | | 210 | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss per common share attributable to common stockholders – basic: | $ | (0.30) | | | $ | (0.39) | | | $ | (0.78) | | | $ | (0.93) | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss per common share attributable to common stockholders – diluted: | $ | (0.30) | | | $ | (0.39) | | | $ | (0.78) | | | $ | (0.93) | |
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 Calculation of Earnings per Share | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (In millions) | 2026 | | 2025 | | 2026 | | 2025 | | Stock-based compensation awards | 7 | | | 5 | | | 6 | | | 5 | | | Total anti-dilutive common stock | 7 | | | 5 | | | 6 | | | 5 | |
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