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Bally's (BALY) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Bally's (BALY) Q2 2026 earnings results →
Q2 2026 Revenue up 20% year over year to $792M · 21¢ of every $1 of revenue lost · operating margin -4.3%
Bally's made $792M in Q2 2026 (+20% Y/Y): Gaming $608M, Non-gaming $184M. Operating margin -4.3%, net loss $164M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $792.2M in Q2 2026, up 20% year over year and up 5% from the previous quarter. Gaming was the largest line at 77% of revenue. Gaming added $50.4M year over year (up 9%), 37% of the total change. License declined 36%.
Operating costs exceeded revenue by $34.0M, an operating margin of -4.3%. Total costs grew 25% against revenue growth of 20%. The fastest-growing cost line was Other operating costs (+39%). The quarter ended with a net loss of $164.0M, wider than the previous quarter's $160.9M loss. Minority interests bore $17.9M of it: to shareholders the quarter was a loss of $146.1M. Net interest and other expense of $143.5M was the main reason.
Operating cash flow was −$120.9M. Non-cash charges added back $161.0M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $119.7M. Capital expenditures of $35.1M exceeded it, leaving free cash flow of −$156.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $792M | +20% | -4.3% | −$164M | −$121M |
| Q1 2026 | 10-Q | May 18, 2026 | $756M | — | 12.1% | −$161M | −$145M |
| Q4 2025 | 10-K | Mar 23, 2026 | $746M | +29% | -36.8% | −$365M | $18.8M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $664M | +5% | 0.1% | −$106M | −$88.6M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $658M | +6% | -0.4% | −$228M | — |
| Q4 2024 | 10-K | Mar 17, 2025 | $580M | -5% | -5.6% | −$85.8M | $37.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Bally's
Bally’s Corporation, a Delaware corporation, with global headquarters in Providence, Rhode Island, is referred to as the We are a global gaming, hospitality, entertainment and technology company with an expanding international footprint across
In its own words, from its 10-K, filed Mar 23, 2026.
Bally's against its Hotels & Motels peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +2%. Operating margin: -4.3% against the peers' median 10.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BALY Bally's | Q2 2026 | $792M | +20% | -4.3% |
| MAR Marriott International | Q3 2026 | $7.0B | +8% | 18.2% |
| MGM MGM Resorts International | Q3 2026 | $4.2B | -0.9% | 2.8% |
| HLT Hilton Worldwide Holdings | Q3 2026 | $3.3B | +7% | 27.3% |
| LVS Las Vegas Sands | Q3 2026 | $3.2B | -4% | 19.2% |
| CZR Caesars Entertainment | Q3 2026 | $2.9B | +2% | 15.5% |
| PENN Penn Entertainment | Q3 2026 | $1.8B | +7% | 6.9% |
| H Hyatt Hotels | Q3 2026 | $1.7B | -2% | 4.5% |
| WYNN Wynn Resorts | Q3 2026 | $1.7B | -8% | 10.6% |
Source: Bally's 10-Q on SEC EDGAR · CIK 1747079 · Hotels & Motels
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q4 2024 results