Bally's (BALY) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Bally's Corporation reported $629.97 million in revenue for Q3 2024, a year-over-year decline of 0.4% and a surprise of -3.17% compared to the Zacks Consensus Estimate of$ 650.63 million [1] - The company posted an EPS of - $1.99, significantly lower than the -$ 1.15 from the previous year, with an EPS surprise of -696.00% against the consensus estimate of - $0.25 [1] Revenue Performance - Revenue from Casinos & Resorts was$ 353.36 million, slightly below the average estimate of $355.35 million, reflecting a year-over-year decrease of -1.6% [3] - International Interactive revenue reached$ 230.94 million, missing the average estimate of $237.80 million, marking a year-over-year decline of -5.3% [3] - North America Interactive revenue was$ 45.68 million, slightly below the estimated $45.80 million, but showed a significant year-over-year increase of +54.5% [3] Adjusted EBITDAR Metrics - Adjusted EBITDAR for Other was reported at -$ 13.16 million, close to the estimate of - $13.20 million [3] - Adjusted EBITDAR for International Interactive was$ 90.03 million, exceeding the average estimate of $83.73 million [3] - Adjusted EBITDAR for North America Interactive was -$ 10.98 million, worse than the average estimate of - $7.03 million [3] - Adjusted EBITDAR for Casinos & Resorts was$ 100.44 million, below the average estimate of $115.27 million [3] Stock Performance - Bally's shares have returned +0.3% over the past month, compared to a +0.7% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]