EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2026

Diluted earnings per share includes the determinants of basic earnings per share and, in addition, reflects the dilutive effect of the common stock deliverable for stock options, using the treasury stock method, and for restricted stock units, restricted stock awards and performance stock units for which future service is required as a condition to the delivery of the underlying common stock.


	Successor								Predecessor
(in thousands, except per share data)	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Period from February 8, 2025 to June 30, 2025		Period from January 1, 2025 to February 7, 2025
Net loss attributable to Bally’s Corporation	$	(146,069)	$	(228,436)	$	(307,983)	$	(193,920)	$	(51,024)

Weighted average common shares outstanding, basic	60,588		60,686		60,419		60,554		48,743
Weighted average effect of dilutive securities	—		—		—		—		—
Weighted average common shares outstanding, diluted	60,588		60,686		60,419		60,554		48,743

Basic loss per share	$	(2.41)	$	(3.76)	$	(5.10)	$	(3.20)	$	(1.05)
Diluted loss per share	$	(2.41)	$	(3.76)	$	(5.10)	$	(3.20)	$	(1.05)

There were 31,269 and 296,374 share-based awards that were considered anti-dilutive for the three months ended June 30, 2026 and 2025 (Successor), respectively, and 24,094, 231,580 and 5,056,640 for the six months ended June 30, 2026 (Successor), the period from February 8, 2025 to June 30, 2025 (Successor) and the period from January 1, 2025 to February 7, 2025 (Predecessor), respectively.

The Company has Penny Warrants which participate in dividends with the Company’s common stock, subject to certain contingencies. In the period in which the contingencies are met, those instruments are participating securities to which income will be allocated using the two-class method. The Penny Warrants were considered exercisable for little to no consideration and are therefore included in basic shares outstanding at their issuance date.