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Bally's Intralot (BYLOT) investor relations material
Bally's Intralot Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group revenue reached €544.2 million in 1H26, up from €182.0 million in 1H25, driven by the consolidation of Bally's International Interactive and strong UK online growth.
Adjusted EBITDA rose to €184.8 million (margin 34.0%), compared to €60.2 million (margin 33.1%) in 1H25.
UK remote gaming duty increase impacted Q2 by €34.0 million, with 65% of the effect mitigated through revenue growth and cost optimization.
Net income after tax and minority interests was -€14.3 million, down from -€0.1 million in 1H25, due to higher interest, depreciation, and transaction fees.
Shareholders overwhelmingly approved the proposed acquisition of evoke plc, with completion expected in Q4 2026 or Q1 2027.
Financial highlights
Revenue for 1H26: €544.2 million (1H25: €182.0 million); Q2 2026: €276.1 million (Q2 2025: €86.5 million).
Adjusted EBITDA: €184.8 million (1H25: €60.2 million); margin at 34.0%.
Operating cash flow: €133.5 million (1H25: €64.4 million).
Adjusted net debt: €1,618.9 million as of June 30, 2026 (FY25: €1,493.9 million); pro-forma net leverage ratio: 4.05x.
Net capital expenditure: €117.4 million in 1H26, mainly due to the €85 million Australian license fee.
Outlook and guidance
Management expects to complete the evoke plc acquisition in Q4 2026 or Q1 2027, pending regulatory approvals.
65% of the UK gaming tax increase was offset through cost optimization and trading improvements.
Management will focus on integrating Bally's International Interactive and leveraging new contracts for growth.
Interactive segment is expected to contribute €295 million to Adjusted EBITDA under a consolidation scenario.
Intralot Legacy contribution is forecasted at €112–120 million, reflecting Turkish market risk and U.S. jackpot seasonality.
- Strong 1H26 growth driven by BII, resilient online performance, and strategic contract wins.BYLOT
Q2 2026 TU - High-margin, recurring lottery tech business with global reach and strong growth pipeline.BYLOT
Company presentation - Q1 2026 revenue hit EUR 268.1M, with EBITDA margin up to 37.4% on BII consolidation and digital growth.BYLOT
Q1 2026 - Revenue and EBITDA surged on BII acquisition, but net loss and leverage increased sharply.BYLOT
Q4 2025 - 2026 EBITDA guidance reaffirmed as BII acquisition drives revenue, margin, and B2C growth.BYLOT
Q4 2025 TU - Revenue and EBITDA up, with Bally’s €2.7bn acquisition to drive digital growth.BYLOT
Q2 2025 - Revenue and EBITDA declined, but leverage improved and new contracts support future prospects.BYLOT
Q3 2024 - Stable 1H24 results: €173.6m revenue, 34.3% EBITDA margin, key contracts extended.BYLOT
Q2 2024 - Revenue up 3.4%, strong Q4, margin stable, leverage at 2.7x, North America leads growth.BYLOT
Q4 2024
Next Bally's Intralot earnings date
Next Bally's Intralot earnings date
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