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 . Bally’s expects to remain in compliance with all applicable covenants for the next twelve months .