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Mar 31, 2021
Bally's Q1 2021 Earnings Report
Achieved record quarterly EBITDA and confirmed previously reported preliminary results.
Key Takeaways
Bally's Corporation reported a remarkable first quarter with record Adjusted EBITDA driven by increased demand as COVID-19 restrictions loosened. The company experienced a significant increase in visitation and continued margin expansion, supported by operational efficiencies and strategic acquisitions.
Income from operations reached $29.5 million, marking the strongest quarter since Q2 2019.
Adjusted EBITDA increased by 137.9% to $52.5 million compared to the same period in 2020.
Adjusted EBITDA margins rose by 708 bps year-over-year, reaching 27.29%.
Agreement to acquire Gamesys Group plc was announced to enhance omni-channel strategy.
Forward Guidance
Company did not provide any forward guidance in the Q1 2021 report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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