The earnings call highlighted strong growth in the North America Interactive segment and progress in development projects like the Chicago casino. However, these positives were offset by challenges in the Casinos & Resorts segment, including revenue declines and specific market headwinds. Despite significant achievements in the Interactive segments and development projects, the overall financial performance faced notable challenges.

Company Guidance

During the third quarter of 2024, Bally's Corporation reported consolidated revenues of $630 million, reflecting a slight year-over-year decline of less than 1%. This was primarily due to a 2% decrease in the Casinos & Resorts segment, which generated $353 million in revenue, while the North America Interactive segment experienced a robust 55% increase in revenue, reaching $46 million. The U.K. Interactive business showed strong performance with a 12% revenue increase, despite a 5% revenue decline in the full International Interactive segment. Adjusted EBITDAR for the Casino & Resorts segment fell by 15% to approximately $100 million, with margins declining from 33% to 28%. Meanwhile, the International Interactive segment saw a 5% increase in adjusted EBITDAR, reaching $90 million, with margins improving by approximately 400 basis points to 39%. Despite an adjusted EBITDA loss of $11 million in the North America Interactive segment, the company is optimistic about narrowing these losses as its iGaming and online sports betting operations continue to grow. Bally's ended the quarter with $191 million in cash and $3.7 billion in long-term debt, alongside 40.7 million shares outstanding and additional potential dilution of 12.8 million shares from warrants and options.

North America Interactive Growth

Revenue from the North America Interactive segment grew 55% year-over-year to $46 million, indicating strong performance and expansion in this area.

U.K. Interactive Business Performance

The U.K. Interactive business generated a 12% increase in revenues, marking continued strength and market share gains.

Chicago Development Progress

Significant agreement with Gaming and Leisure Properties to fund the construction of a permanent casino in downtown Chicago, with funding of $940 million allowing for rapid demolition and site prep.

iGaming Operations in Rhode Island

iGaming operations in Rhode Island contributed $9.7 million in gross gaming revenue, showcasing impressive ramp-up.

International Interactive Segment Margin Improvement

Adjusted EBITDA margins for the International Interactive segment improved by approximately 400 basis points year-over-year.

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Bally's Corporation (BALY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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BALY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 20, 2025	2024 (Q4)	-0.66 / -	-5.11	―	―	―
Nov 06, 2024	2024 (Q3)	-0.26 / -5.10	-1.15	-343.48% (-3.95)	―
Jul 31, 2024	2024 (Q2)	-1.62 / -1.24	-0.48	-158.33% (-0.76)
May 01, 2024	2024 (Q1)	-0.97 / -3.61	3.24	-211.42% (-6.85)
Feb 21, 2024	2023 (Q4)	-0.55 / -5.11	-8.87	42.39% (+3.76)
Nov 01, 2023	2023 (Q3)	-0.12 / -1.15	0.01	-11600.00% (-1.16)
Aug 03, 2023	2023 (Q2)	-0.19 / -0.48	0.98	-148.98% (-1.46)
May 09, 2023	2023 (Q1)	-0.32 / 3.24	0.03	10700.00% (+3.21)
Feb 23, 2023	2022 (Q4)	-0.04 / -8.87	-1.87	-374.33% (-7.00)
Nov 03, 2022	2022 (Q3)	0.28 / 0.01	-0.3	103.33% (+0.31)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BALY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$17.62	$17.69	+0.40%
Jul 31, 2024	$17.23	$17.14	-0.52%
May 01, 2024	$13.16	$13.00	-1.22%
Feb 21, 2024	$10.30	$10.51	+2.04%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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