Quarterly ResultMay 18, 2026, 05:02 PM
Bally's Q1 Revenue $755.7M; Net Loss $(161.9)M; EPS $(2.69)
AI Summary
Bally's Corporation reported a total revenue of $755.7 million for the three months ended March 31, 2026, a significant increase from $368.7 million in the prior year's comparable successor period. However, the company recorded a net loss attributable to Bally's Corporation of $161.9 million, a notable decline from the net income of $34.5 million in Q1 2025. This resulted in a basic loss per share of $2.69. Key financial activities included $685.0 million in proceeds from a sale-leaseback and a $500.0 million acquisition of gaming licenses.
Key Highlights
- Total revenue for Q1 2026 was $755.7 million, up from $368.7 million in Q1 2025.
- Net loss attributable to Bally's Corporation was $161.9 million, compared to net income of $34.5 million in Q1 2025.
- Basic loss per share was $2.69 for the quarter.
- The company received $685.0 million in proceeds from a sale-leaseback transaction.
- Bally's acquired gaming licenses for $500.0 million.
- Cash and cash equivalents decreased by $239.1 million to $559.3 million.
- Long-term debt, net, was $4.39 billion as of March 31, 2026.
- A gain on sale-leaseback of $105.8 million was recognized.
Price Impact
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