Bally's Q1 net loss $173.9M vs prior-year $178.3M income; revenue up 3.3%

Bally's Corp

2024-Q1 EPS reported -$3.61 revenue$618,482,000

Net loss of $173.9M for Q1 2024 vs net income of $178.3M in Q1 2023; revenue $618.5M up 3.3%.
Casinos & Resorts revenue $342.3M (+4.1% YoY); Adjusted EBITDAR declined due to weather, adverse hold, and bridge construction in RI.
International Interactive revenue $234.7M (-4.4% YoY); Adjusted EBITDAR grew 4.0% YoY; UK core operations grew 12%.
North America Interactive revenue $41.5M (+70.2% YoY); launched iGaming in Rhode Island in early March.
FY 2024 guidance unchanged: revenue $2.5B-$2.7B, Adjusted EBITDAR $655M-$695M.

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 0.95

Bally's Corp reported first quarter ended March 31, 2024 results: revenue $618.5 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $618.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

- Bally’s Corporation (NYSE: BALY) today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights • Company-wide revenue of $618.5 million, an increase of 3.3% year-over-year • Casinos & Resorts revenue of $342.3 million, up 4.1% year-over-year • International Interactive revenue of $234.7 million, down (4.4)%

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Source: SEC EDGAR

accession 0001747079-24-000051

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