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Dec 31, 2021
Bally's Q4 2021 Earnings Report
Bally's reported mixed results with revenue increase offset by net loss, but Adjusted EBITDA improved.
Key Takeaways
Bally's Corporation reported a significant increase in revenue for Q4 2021, driven by recent acquisitions and growth across its segments. However, the company experienced a net loss compared to the previous year, although Adjusted EBITDA saw substantial growth.
Revenue increased by $429.6 million to $547.7 million.
Net loss was $115.3 million, compared to a net income of $20.2 million in the prior year.
Adjusted EBITDA increased by $98.4 million to $119.4 million.
The company made progress on integrating acquired assets and strategic capital deployment.
Bally's
Bally's
Bally's Revenue by Segment
Forward Guidance
Bally’s estimates revenue for the year ending December 31, 2022 in the range of $2.4 billion to $2.5 billion and Adjusted EBITDA in the range of $560 million to $580 million.