Bally's Q3 2023: record revenue $632.5M, net loss $61.8M; lowers guidance

Bally's Corp

2023-Q3 EPS reported $1.67 revenue$1,837,403,000

Record consolidated revenue of $632.5M (+9.4% YoY); net loss of $61.8M vs $0.6M profit in prior year.
Casinos & Resorts revenue $359.0M (+9.3% YoY); International Interactive revenue $243.9M (+7.2% YoY).
Adjusted EBITDAR of $173.2M; Casinos & Resorts segment EBITDAR $118.2M.
Lowers FY2023 revenue guidance to $2.4-2.5B and Adjusted EBITDAR to $640-655M, citing delayed Chicago opening and FX headwinds.
Opened Chicago Temporary Casino in September; completed Kansas City redevelopment; Bally Bet OSB app launched.

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 0.9

Bally's Corp reported third quarter ended September 30, 2023 results: revenue $632.5 million, net income $61.8 million net loss.

Period: third quarter ended September 30, 2023
Revenue: $632.5 million
Net income: $61.8 million net loss
Result: reported results

Exact text from the filing

(NYSE: BALY) today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights • Record company-wide revenue of $632.5 million, an increase of 9.4% year-over-year • Record Casinos & Resorts revenue of $359.0 million, up 9.3% year-over-year • International Interactive revenue of $243.9 million, up 7.2%

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bally's Corp reported fiscal year 2023 results: revenue $2.4 billion to $2.5 billion.

Period: fiscal year 2023
Revenue: $2.4 billion to $2.5 billion
Result: guidance update

Exact text from the filing

Bally’s is adjusting the revenue guidance provided on May 9, 2023, for the remainder of the year to $2.4 billion to $2.5 billion.

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Source: SEC EDGAR

accession 0001747079-23-000084

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