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Bally's
🇺🇸 NYSE:BALY
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OverviewEarningsDividends
•
Dec 31, 2020

Bally's Q4 2020 Earnings Report

Bally's reported mixed results with net income increase offset by adjusted EBITDA decrease due to COVID-19 impacts, while strategically expanding through acquisitions and partnerships.

Key Takeaways

Bally's Corporation reported a 9.4% decrease in revenue for Q4 2020, totaling $118.1 million, compared to $130.4 million in Q4 2019. Net income increased by 51.4% to $20.2 million, driven by bargain purchase gains. Adjusted EBITDA decreased by 47.6% to $21.1 million, impacted by COVID-19 related limitations.

Net income increased 51.4% year-over-year to $20.2 million.

Adjusted EBITDA decreased 47.6% to $21.1 million year-over-year.

Generated $17.8 million cash from operating activities in Q4 2020.

Closed acquisitions of Bally’s Atlantic City Hotel & Casino and Eldorado Resort Casino Shreveport.

Total Revenue
$118M
Previous year: $130M
-9.4%
EPS
$0.39
Previous year: $0.42
-7.1%
Adjusted EBITDAR Casinos & Resorts
$21.1M
Previous year: $40.2M
-47.6%
Gross Profit
$74.7M
Previous year: $82.1M
-9.0%
Cash and Equivalents
$123M
Previous year: $183M
-32.4%
Free Cash Flow
$11.1M
Previous year: $16.4M
-32.5%
Total Assets
$1.93B
Previous year: $1.02B
+88.9%

Bally's

Bally's

Bally's Revenue by Segment

Forward Guidance

Company expects to benefit from a strong rebound in demand across its properties, as well as the operational efficiencies and strong margin improvements.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Bally's