Bally's Q2 Revenue Beats Estimates on Intralot B2C and Interactive Growth
BALY sits 49% above its 52-week low of $8.79.
Summary
Bally's Q2 revenue came in at $792.2M, slightly above the $788.5M consensus, driven by 20.5% YoY growth. The Intralot B2C segment showed strong gains in the UK and Spain, while North America Interactive revenue rose 16.9% on healthy wagering across all verticals. This follows the Q1 10-Q that showed a $161.9M net loss and negative operating cash flow, so the revenue beat is a modest positive but profitability remains a concern. The company also noted UK online momentum continued into July with ~13% YoY growth. Permanent Chicago casino is expected to open in early 2027, and the Bronx project by 2030.
At the time of this announcement, BALY was trading at $13.11 on NYSE in the Trade & Services sector, with a market capitalization of approximately $684.8M. The 52-week trading range was $8.79 to $20.74. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.