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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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