Sign in

    Bally's Corp (BALY)

    Q4 2024 Earnings Summary

    Reported on Jan 1, 1970
    Pre-Earnings Price$17.00Last close (Mar 4, 2025)
    Post-Earnings Price$12.53Last close (Mar 6, 2025)
    Price Change
    $-4.47(-26.29%)
    MetricYoY ChangeReason

    Total Revenue

    Declined by approximately 5.2% (from $611.67M to $580.37M)

    Total Revenue dropped modestly due to overall lower sales performance compared to Q4 2023, with weaker non-gaming as well as a slight decline in gaming revenue contributing to the dip.

    Non-gaming Revenue

    Fell by about 14% (from $108.72M to $93.41M)

    Non-gaming Revenue suffered a sharp decline likely caused by significant reductions in segments such as hotel and food & beverage, reflecting deteriorating performance in those areas compared to the previous period, exacerbating the overall revenue decline.

    Gaming Revenue

    Dropped by roughly 3.2% (from $502.96M to $486.95M)

    Gaming Revenue experienced a modest decline, which could be attributed to softer market conditions and lower overall operational performance compared to Q4 2023, indicating that the core gaming segment was less volatile than non-gaming areas.

    Total operating costs and expenses

    Decreased by approximately 34% (from $927.61M to $612.66M)

    The substantial reduction in operating costs and expenses reflects significant cost-cutting and operational efficiencies, which helped improve operating income from a loss of $315.94M to a much smaller loss of $32.29M, thereby partially offsetting revenue declines.

    Basic loss per share

    Improved significantly from –$5.19 to –$1.75

    Basic loss per share improved markedly due to the dramatic reduction in overall operating losses, driven by the lower operating expenses, even though the business still posted negative earnings on a per-share basis.

    Total stockholders’ equity

    Plunged nearly 95% (from $635.85M to $30.90M)

    The sharp decline in total stockholders’ equity indicates severe balance sheet adjustments, likely driven by significant write-offs, revaluations, or adverse financial restructuring measures that have greatly reduced the equity value compared to Q4 2023.