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Caesars Entertainment, Inc. CZR Regional — Goodwill, Impairment Loss

Other segment segments

Caesars Digital
$0
Las Vegas
$0
Managed and Branded
$0

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Other financials

Income statement

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Revenue$3.0B+3.0%
Operating income$513.0M-2.5%
Net income-$62.0M+24.4%
EPS (diluted)-$0.30+23.1%

Balance sheet

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Cash & equivalents$965.0M-1.7%
Total debt$24.9B-1.2%
Total equity$3.4B-13.4%
Total assets$31.7B-2.3%

Cash flow

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Operating cash flow$471.0M+1.9%
CapEx$167.0M-27.4%
Free cash flow$304.0M+31.0%

Valuation

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Market cap$6.12B+18.3%
Enterprise value$30.01B+2.2%
P/S0.5×+0.1×

Profitability

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Operating margin15.9%-4.5pp
Net margin-4%-23.5pp
FCF margin5.2%

Returns & leverage

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Return on equity-12.8%-36.2pp
Debt / equity7.4×+0.9×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Caesars Entertainment, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Caesars Entertainment, Inc.’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:18 PM EST
Fiscal year
FY2025
Accession
0001590895-26-000011

As a result of finalizing our future operating and capital plans, the Company reflected a decrease in future cash flows associated with certain properties in our Regional segment, primarily due to localized competition within certain markets. During the year ended December 31, 2025, the Company identified three reporting units in the Regional segment with estimated fair values associated with trademarks and goodwill below their respective carrying values. This resulted in a trademark impairment of $22 million and goodwill impairments of $160 million. During the year ended December 31, 2024, the Company identified six reporting units in the Regional segment with estimated fair values associated with trademarks, gaming rights and goodwill below their respective carrying values. This resulted in trademark impairments of $15 million, gaming rights impairments of $73 million and goodwill impairments of $182 million. Trademark impairment totaling $32 million was also recognized in the year ended December 31, 2024, due to the performance of our smallest brand in the Las Vegas segment. During the year ended December 31, 2023, the Company identified two reporting units in the Regional segment with estimated fair values associated with gaming rights and goodwill below their respective carrying values. This resulted in gaming right impairments of $81 million and goodwill impairments of $14 million.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Caesars Entertainment, Inc.'s regional — goodwill, impairment loss?
Caesars Entertainment, Inc. (CZR) reported regional — goodwill, impairment loss of $40M in Q4 2025.
How has Caesars Entertainment, Inc.'s regional — goodwill, impairment loss changed year-over-year?
Caesars Entertainment, Inc.'s regional — goodwill, impairment loss decreased by 12.1% year-over-year, from $45.5M to $40M.
What is the long-term trend for Caesars Entertainment, Inc.'s regional — goodwill, impairment loss?
Over 3 years (2022 to 2025), Caesars Entertainment, Inc.'s regional — goodwill, impairment loss has grown at a 27.1% compound annual growth rate (CAGR), from $78M to $160M.
What does regional — goodwill, impairment loss mean?
Represents the non-cash write-down of goodwill associated with the regional segment when the carrying amount of the reporting unit exceeds its fair value. This serves as a critical indicator of potential overpayment for past acquisitions or a deterioration in the long-term economic outlook for the segment.

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