Bally's Intralot S.A. (BYLOT) Earnings Call Transcripts

Bally's Intralot S.A.'s Latest Earnings Call - Q1 FY2026

Bally's Intralot reported a strong Q1 2026, with revenues reaching EUR 268.1 million and adjusted EBITDA of EUR 100.2 million, reflecting a significant year-on-year margin improvement. The company reaffirmed its full-year adjusted EBITDA guidance of approximately EUR 422 million, supported by robust early trading data. Management highlighted a strategic focus on the U.K. market, which showed a 10.5% revenue growth on a constant currency basis despite a substantial increase in remote gaming duty.

Reported metrics

Guidance from management

Management reaffirmed the adjusted EBITDA target of approximately EUR 422 million for 2026, tracking in line with early trading data.

What management said

Hellenic Lotteries. I mean both contracts are contracts that we currently have. The impact of the Australian conduct will be significant on our CapEx, but it's something that's all in our budget, the numbers that we have shown, and it will be an increase over the existing EBITDA compared to the past. We expect around EUR 15 million EBITDA from the Australian contract going forward on average. The Hellenic Lotteries c...

Yes, Russell. We are -- we have experienced the first quarter without any jackpot. As you know, that's the key element in the seasonality variation in our revenue and its EBITDA impact. And statistically, these do happen 2 or 3 every year. So we just had 1 quarter without one. We continue to have some pressure from the currency. The dollar euro relations is still not in the euro favor if you're comparing with Q1 last...

What analysts pressed on

Analysts expressed concerns regarding the B2B segment's performance, particularly the impact of softer lottery activity in the U.S. There were also questions about potential changes in player behavior due to increased taxation and affordability measures.

Main topics on the call

• Revenue Growth in U.K. — The U.K. online business grew 10.5% on a constant currency basis in Q1, with preliminary April revenues up 11.5% year-on-year. Management stated, 'We entered that change from a position of strength, not retreat.'
• Margin Expansion — Adjusted EBITDA margin improved to 37.4%, a 5.8 percentage point increase year-on-year, driven by the consolidation of Bally's International Interactive. Management noted, 'The combined organization delivered EUR 1.06 bi...
• Impact of Regulatory Changes — The U.K. remote gaming duty rate doubled from 21% to 40% on April 1, 2026. Management expressed confidence, stating, 'We have the margins to absorb it and that the less competitive market would favor operators with our s...
• B2B Segment Performance — The B2B segment saw a revenue decline of 10% on a reported basis, attributed to softer lottery activity in the U.S. Management acknowledged, 'We have experienced the first quarter without any jackpot,' impacting revenue.

Read the full Bally's Intralot S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Bally's Intralot S.A. earnings call transcripts on record, spanning May 5, 2020 to June 5, 2026. Based on this history, Bally's Intralot S.A. reports quarterly. The most recent call on file is dated June 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BYLOT

Exchange

LSE

Country

GR

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

28

First call

May 5, 2020

Most recent

June 5, 2026

Reporting cadence

quarterly