Access comprehensive financial analyses and make smarter investments - get the Manual of Investments on Amazon!

Bally's Corp Reports Revenue Surge

Bally’s Corp. recently released its latest 10-Q report. As of June 30, 2026, the company said it owned and operated 20 casinos globally, including properties in the United Kingdom and 11 U.S. states, plus a golf course in New York and horse racetracks in Colorado and Wyoming. It also said it owns Bally Bet Sportsbook & Casino, licensed in 16 North American jurisdictions, and holds a majority interest in Bally’s Intralot S.A., which spans lottery, technology, management and services operations.

For the second quarter, Bally’s reported total revenue of $792.2 million, up from $657.5 million a year earlier. Revenue for the first six months rose to $1.55 billion from $1.03 billion in the prior-year period. The company posted an operating loss of $34.0 million in the quarter, compared with a $2.4 million loss a year earlier, and a net loss of $164.0 million versus $228.4 million.

On a six-month basis, Bally’s swung to operating income of $57.6 million from a $4.2 million loss in the comparable 2025 period. Net loss for the first half narrowed to $324.8 million from $244.9 million across the two predecessor periods shown in the filing. Interest expense, net, was $118.7 million in the quarter, equal to 15.0% of revenue, and $229.4 million for the first half, or 14.8% of revenue.

Casino and resort revenue totaled $311.4 million in the quarter, up from $305.9 million a year earlier. Bally’s Intralot B2C generated $242.9 million, compared with $195.9 million in the prior-year quarter, while North America Interactive brought in $53.8 million, down from $55.9 million. Non-gaming revenue climbed to $184.2 million from $99.9 million, driven by Bally’s Intralot B2B, which contributed $79.5 million after posting $7.0 million in the year-earlier quarter.

Gaming and non-gaming expenses increased to $400.4 million in the quarter from $290.0 million a year earlier. General and administrative costs were $334.3 million, down as a share of revenue to 42.2% from 45.4% in the prior-year quarter. Depreciation and amortization rose to $92.0 million from $71.8 million.

The filing says Bally’s business is organized into four reportable segments: Casinos & Resorts, Bally’s Intralot B2B, Bally’s Intralot B2C and North America Interactive. It also notes that the company updated its segment structure in late 2025 following the Intralot transaction, and that prior-period results were conformed to the current presentation. As a result of these announcements, the company's shares have moved 3.71% on the market, and are now trading at a price of $13.99. For the full picture, make sure to review Bally's Corp's 10-Q report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS