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Mar 31, 2022
Bally's Q1 2022 Earnings Report
Reported strong results driven by Casinos & Resorts' performance and investments in North America Interactive.
Key Takeaways
Bally's Corporation reported first quarter 2022 financial results with revenue of $548.3 million and net income of $1.9 million. Adjusted EBITDA was $115.0 million. The company is reaffirming its previous guidance for the year ending December 31, 2022.
Revenue reached $548.3 million.
Net income was $1.9 million.
Adjusted EBITDA totaled $115.0 million.
Casinos & Resorts showed strong performance due to lifted US COVID restrictions.
Bally's
Bally's
Bally's Revenue by Segment
Revenue by Segment
Casinos & Resorts Revenue
CapyFin.comInternational Interactive Revenue
CapyFin.comNorth America Interactive Revenue
CapyFin.com Forward Guidance
Bally’s is reaffirming its previous guidance provided on February 24, 2022 for the year ending December 31, 2022 with revenue in the range of $2.4 billion to $2.5 billion and Adjusted EBITDA in the range of $560 million to $580 million. Bally’s currently estimates revenue to be at the lower end of the range primarily due to the uncertainty of foreign exchange movements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income