Bally's Corporation (BALY) AI Stock Analysis

Bally's Corporation operates casinos, resorts, and online gaming platforms across the United States and internationally. It divides its operations into three distinct segments: Casinos & Resorts, North America Interactive, and International Interactive. The Casinos & Resorts segment owns and manages physical properties, including the Twin River Hotel and Tiverton Casino & Hotel in Rhode Island, along with the Hard Rock Hotel & Casino in Mississippi and venues in Delaware, Colorado, and New Jersey. The North America Interactive segment provides digital gaming services such as iCasino, sportsbooks, bingo, daily fantasy sports, and free-to-play games, while International Interactive oversees digital operations globally.

Between FY2021 and FY2025, revenue expanded from $1.32B to $2.66B, delivering a 5-year revenue CAGR of 48.1%. However, profitability declined over this timeframe. Gross margin dropped from 59.5% in FY2021 to 43.0% in FY2025, while operating margin fell from 11.0% to 1.1%. Bally's recorded net losses across all five years, culminating in a net income of -$701.1M and EPS of -$4.02 in FY2025. Over the trailing twelve months, revenue was $2.96B with an operating margin of -0.8% and EPS of -$11.12. In the latest quarter ending June 30, 2026, quarterly revenue grew 20.5% year-over-year, while quarterly earnings grew 10700.0%.

As of June 30, 2026, Bally's held $390.2M in cash and short-term investments against total debt of $2.31B, resulting in net debt of $1.92B. Shareholders' equity stood at $644.8M on total assets of $10.81B, with a debt-to-equity ratio of 3.58 and a current ratio of 0.91. Operating cash flow for FY2025 was -$91.2M, leading to free cash flow of -$275.5M after capital expenditures of $184.3M. In FY2025, the company deployed $416.2M toward share buybacks.

Bally's market cap is $657.1M with an enterprise value of $7.13B. The stock trades at a forward P/E of 45.9x, compared to the median of 14.1x for its US-listed Consumer Cyclical peers. Its EV/EBITDA of 71.9x also exceeds the peer median of 11.1x, though its price-to-sales ratio of 0.2x sits below the peer median of 0.7x. Over the past year, the shares gained 2.0%, trailing the S&P 500 return of 16.8%. Over five years, the stock fell 74.5% while the index gained 83.0%.

Wall Street coverage consists of 4 Hold ratings and 1 Sell rating, with 0 Buy ratings. The mean price target of $9.67 implies a decline of 25.8% from the last close of $13.02. For the fiscal year ending December 31, 2026, analysts expect an EPS of -$6.99 on revenue of $3.16B. For the following fiscal year, 2 analysts project an EPS of -$3.42 and revenue of $3.42B. Bally's recorded 0 EPS beats over the last 4 quarters. The next earnings date is November 11, 2026.

This page is an AI-written research summary of Bally's Corporation (BALY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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