--- title: "Ballys | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 755.72 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286818921.md" datetime: "2026-05-18T21:00:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286818921.md) - [en](https://longbridge.com/en/news/286818921.md) - [zh-HK](https://longbridge.com/zh-HK/news/286818921.md) --- # Ballys | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 755.72 M Revenue: As of FY2026 Q1, the actual value is USD 755.72 M, missing the estimate of USD 769.47 M. EPS: As of FY2026 Q1, the actual value is USD -2.69, missing the estimate of USD -1.322. EBIT: As of FY2026 Q1, the actual value is USD 201.52 M. ### Consolidated Financial Performance #### Net Income (Loss) Bally’s Corporation reported a net loss of - $160,857 million for the three months ended March 31, 2026 (Successor). During the period from February 8, 2025, to March 31, 2025 (Successor), the company recorded a net income of $34,516 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), a net loss of - $51,024 million . #### Operating Costs and Expenses Total operating costs and expenses were $664,111 million for the three months ended March 31, 2026 (Successor). For the period from February 8, 2025, to March 31, 2025 (Successor), these costs amounted to $370,504 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), they were $241,264 million . #### Income (Loss) from Operations Bally’s generated $91,611 million in income from operations for the three months ended March 31, 2026 (Successor). The company reported an operating loss of - $1,810 million for the period from February 8, 2025, to March 31, 2025 (Successor), and an operating loss of - $20,766 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### Interest Expense, Net Net interest expense was - $109,905 million for the three months ended March 31, 2026 (Successor). It was - $51,737 million for the period from February 8, 2025, to March 31, 2025 (Successor), and - $27,229 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### Depreciation and Amortization Depreciation and amortization expenses totaled $97,443 million for the three months ended March 31, 2026 (Successor). For the period from February 8, 2025, to March 31, 2025 (Successor), these expenses were $47,481 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), they were $22,343 million . #### Gain on Sale-Leaseback A gain of $105,845 million on sale-leaseback was recognized for the three months ended March 31, 2026 (Successor) . #### Share-Based Compensation Share-based compensation expense was $2,551 million for the three months ended March 31, 2026 (Successor). It was $2,740 million for the period from February 8, 2025, to March 31, 2025 (Successor), and $1,954 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### Net Cash Flow from Operating Activities Net cash used in operating activities was - $145,021 million for the three months ended March 31, 2026 (Successor). Net cash provided by operating activities was $42,001 million for the period from February 8, 2025, to March 31, 2025 (Successor), and net cash used in operating activities was - $80,186 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . ### Segmented Revenue #### Casinos & Resorts Revenue This segment generated $379,728 million in revenue for the three months ended March 31, 2026 (Successor). For the period from February 8, 2025, to March 31, 2025 (Successor), revenue was $226,851 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), it was $124,299 million . #### Bally’s Intralot B2B Revenue Revenue for Bally’s Intralot B2B was $73,956 million for the three months ended March 31, 2026 (Successor). For the period from February 8, 2025, to March 31, 2025 (Successor), revenue was $4,883 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), it was $3,720 million . #### Bally’s Intralot B2C Revenue This segment reported $239,938 million in revenue for the three months ended March 31, 2026 (Successor). Revenue was $107,867 million for the period from February 8, 2025, to March 31, 2025 (Successor), and $75,265 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### North America Interactive Revenue North America Interactive revenue was $60,456 million for the three months ended March 31, 2026 (Successor). For the period from February 8, 2025, to March 31, 2025 (Successor), revenue was $27,557 million, and for the period from January 1, 2025, to February 7, 2025 (Predecessor), it was $16,941 million . ### Segmented Adjusted EBITDAR #### Casinos & Resorts Adjusted EBITDAR Adjusted EBITDAR for Casinos & Resorts was $96,196 million for the three months ended March 31, 2026 (Successor). It was $71,540 million for the period from February 8, 2025, to March 31, 2025 (Successor), and $23,554 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### Bally’s Intralot B2B Adjusted EBITDAR Adjusted EBITDAR for Bally’s Intralot B2B was $15,116 million for the three months ended March 31, 2026 (Successor). It was $4,883 million for the period from February 8, 2025, to March 31, 2025 (Successor), and $3,720 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### Bally’s Intralot B2C Adjusted EBITDAR This segment reported $87,092 million in Adjusted EBITDAR for the three months ended March 31, 2026 (Successor). It was $43,312 million for the period from February 8, 2025, to March 31, 2025 (Successor), and $25,220 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . #### North America Interactive Adjusted EBITDAR North America Interactive reported an Adjusted EBITDAR of - $7,137 million for the three months ended March 31, 2026 (Successor). It was - $2,345 million for the period from February 8, 2025, to March 31, 2025 (Successor), and - $5,661 million for the period from January 1, 2025, to February 7, 2025 (Predecessor) . ### Strategic Initiatives and Outlook Bally’s Corporation completed the acquisition of Intralot in October 2025, expanding its international gaming and technology footprint and enhancing its digital and sports betting capabilities . The company was awarded a New York State downstate commercial casino license in December 2025 for its planned Bally’s Bronx project, requiring a $500.0 million license fee and significant capital commitments, and it is committed to investing $100.0 million in its Rhode Island properties by June 30, 2043, and spending at least $1.34 billion on the Chicago Permanent Facility . 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