Filing Flows › Bally's (BALY) › Q3 2025
Bally's (BALY) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
Bally's (BALY) reported revenue of $664M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +0.9% from the quarter before. Operating margin was 0.1%, net loss $106M (16.0% of revenue).
Bally's, Q3 2025: revenue $664M (+5% year over year), operating margin 0.1%, net loss $106M, operating cash flow −$88.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $664M | +0.9% | +5% |
| Operating profit | $989K | — | — |
| Net earnings | −$106M | — | — |
| Operating cash flow | −$88.6M | — | — |
What changed
Revenue was $663.7M in Q3 2025, up 5% year over year and up 1% from the previous quarter. Gaming was the largest line at 82% of revenue. Gaming added $20.6M year over year (up 4%), 61% of the total change. Hotel declined 8%.
Operating profit was $1.0M, a 0.1% margin (up 25.2 points year over year). Total costs fell 16% while revenue rose 5%. The quarter ended with a net loss of $106.2M, narrower than the previous quarter's $228.4M loss. Minority interests bore $3.3M of it: to shareholders the quarter was a loss of $102.9M. Net interest and other expense of $148.5M was the main reason.
Operating cash flow was −$88.6M. Non-cash charges added back $137.0M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items used $121.3M. Capital expenditures of $50.7M exceeded it, leaving free cash flow of −$139.3M.
Questions
What was Bally's revenue in the third quarter 2025?
Bally's (BALY) reported revenue of $664M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +0.9% from the quarter before.
Was Bally's profitable in the third quarter 2025?
Operating profit was $989K (0.1% of revenue) and net loss $106M.
Source: Bally's 10-Q on SEC EDGAR.