Bally's Q2 2022 Earnings Report
Key Takeaways
Bally's Corporation reported revenue of $552.5 million and net income of $59.5 million for the second quarter ended June 30, 2022. Adjusted EBITDA was $141.2 million.
Continued strength in the Casinos & Resorts segment.
Record margins in the International Interactive segment.
Continued growth in the North America Interactive segment, particularly in BallyCasino.com in New Jersey.
Company’s record cash flow from operations in the quarter, focused on continued incremental cash flow generation initiatives.
Bally's
Bally's
Bally's Revenue by Segment
Forward Guidance
Bally’s is updating its previous guidance provided on February 24, 2022 for the year ending December 31, 2022 with revenue in the range of $2.2 billion to $2.3 billion and Adjusted EBITDA in the range of $535 million to $550 million reflecting six months of results, adverse foreign exchange movements and lower expectations for our Atlantic City property.