Ballys 2025 Q3 Earnings Significant Improvement as Net Loss Narrows 57.2%

Bally's (BALY) reported fiscal 2025 Q3 earnings on Nov 12, 2025, showcasing a notable reduction in losses and a 5.4% year-over-year revenue increase. The company narrowed its net loss to $106.20 million, a 57.2% improvement from the $247.85 million loss in 2024 Q3, while revenue rose to $663.72 million. The results align with strategic initiatives such as the Intralot acquisition and cost-cutting measures, though the stock remains volatile post-earnings.

Revenue

Bally's total revenue surged 5.4% to $663.72 million in Q3 2025, driven by robust performance across its core segments. The Gaming division led with $544.51 million in revenue, underscoring the company’s stronghold in casino operations. Hotel and food and beverage segments contributed $38.41 million and $35.88 million, respectively, reflecting steady demand for ancillary services. Licensing revenue, though modest at $5.48 million, demonstrated niche market strength. The Retail, entertainment, and other segment added $39.44 million, rounding out the diversified revenue streams.

Earnings/Net Income

The company narrowed its net loss to $106.20 million in Q3 2025, a 57.2% improvement from the $247.85 million loss in the prior-year period. Earnings per share improved from a loss of $5.10 to $1.70, signaling progress in cost management and operational efficiency. While the EPS remains negative, the reduction in losses highlights Bally's strategic focus on deleveraging and streamlining operations, particularly through the Intralot acquisition and corporate restructuring.

Post-Earnings Price Action Review

The stock price of Bally's experienced mixed post-earnings performance, dropping 5.59% during the latest trading day and 3.90% over the most recent full trading week. However, it surged 42.87% month-to-date, reflecting investor optimism around the company’s strategic transformation and debt reduction efforts. The volatility underscores market sensitivity to earnings results and broader macroeconomic factors, despite the reported improvements in financial metrics.

CEO Commentary

Robeson Reeves, Bally’s CEO, emphasized the company’s progress in its transformation to “Bally’s 2.0,” highlighting the successful acquisition of Intralot S.A. for €2.7 billion, which positioned Bally’s as a majority shareholder. Reeves noted cost-savings initiatives, including a $1.3 billion debt reduction, and outlined expansion plans for integrated resorts in Chicago, the Bronx, and Las Vegas. The leadership tone was cautiously optimistic, balancing operational challenges with long-term growth opportunities in gaming, lottery, and entertainment.

Guidance

Bally’s did not explicitly provide forward-looking financial guidance during the call but reiterated confidence in the long-term potential of its diversified business model. The CEO referenced ongoing cost optimization and operational synergies from the Intralot merger, which are expected to drive EBITDA growth and enhance profitability in 2026.

Additional News

Bally’s announced the completion of Intralot S.A.’s acquisition, creating a global iGaming and lottery leader with €1.1 billion in annual revenue projections. The company also advanced its Chicago resort development, securing a $125.4 million funding milestone, and submitted a $4.0 billion proposal for a Bronx casino. Additionally, Bally’s outlined plans to redevelop the former Tropicana Las Vegas site into a 35-acre entertainment complex. These strategic moves underscore the company’s focus on expanding its physical and digital footprint in key markets.