Bally's Q4 revenue $576.7M, net loss $487.5M on $464M impairment; reaffirms 2023 guidance

Bally's Corp

2022-FY EPS reported -$7.32 revenue$2,255,705,000

Full-year 2022 revenue $2.3B, net loss $425.5M (incl. $464M non-cash goodwill/asset impairment).
Q4 Adjusted EBITDA $145.8M; full-year Adjusted EBITDA $548.5M.
2023 guidance: revenue $2.5-2.6B, Adjusted EBITDAR $660-700M, reaffirmed from Feb 13.
CEO transition: Robeson Reeves (current President-Interactive) to become CEO; George Papanier to become President.
UK revenue grew 12% organically in Q4; iCasino market share increased in New Jersey and Ontario.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bally's Corp reported the fourth quarter ended December 31, 2022 results: revenue $576.7 million, net income Net loss of $487.5 million.

Period: the fourth quarter ended December 31, 2022
Revenue: $576.7 million
Net income: Net loss of $487.5 million
Result: reported results

Exact text from the filing

Fourth Quarter and Full Year 2022 Financial Highlights • Revenue of $576.7 million and $2.3 billion, respectively • Net loss of $487.5 million and $425.5 million, respectively

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bally's Corp reported the year ending December 31, 2023 results: revenue $2.5 billion to $2.6 billion. Guidance reaffirmed.

Period: the year ending December 31, 2023
Revenue: $2.5 billion to $2.6 billion
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Bally’s is reaffirming the guidance it provided on February 13, 2023 for the year ending December 31, 2023 and estimates revenue in the range of $2.5 billion to $2.6 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Bally's Corp reported the full year ended December 31, 2022 results: revenue $2.3 billion, net income Net loss of $425.5 million.

Period: the full year ended December 31, 2022
Revenue: $2.3 billion
Net income: Net loss of $425.5 million
Result: reported results

Exact text from the filing

reported financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Financial Highlights • Revenue of $576.7 million and $2.3 billion, respectively • Net loss of $487.5 million and $425.5 million, respectively, includes non-cash goodwill and asset impairment charges of $464.0 million • Adjusted EBITDA of $145.8

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Source: SEC EDGAR

accession 0001747079-23-000025

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