Bally's Q3 rev $578.2M, net income $0.6M; lowers FY adj. EBITDA guidance to $540M

Bally's Corp

2022-Q3 EPS reported $1.05 revenue$1,679,016,000

Q3 2022 revenue $578.2M, net income $0.6M, Adjusted EBITDA $151.0M.
CEO: Casinos & Resorts benefited from full quarter of regional property integration; Tropicana Las Vegas added.
FY 2022 guidance updated: revenue ~$2.25B, Adjusted EBITDA ~$540M (vs. prior ~$550M).
Repurchased 5.4M shares for $119.3M in Q3; $215.4M remaining under capital return program.
Adjusted EBITDA methodology revised to exclude launch costs/preopening expenses.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bally's Corp reported third quarter ended September 30, 2022 results: revenue $578.2 million, net income $0.6 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2022
Revenue: $578.2 million
Net income: $0.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Bally’s Corporation (NYSE: BALY) today reported financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Highlights • Revenue of $578.2 million • Net income of $0.6 million

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Source: SEC EDGAR

accession 0001747079-22-000125

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