Boyd Gaming Corp ( (BYD) ) has released its Q3 earnings. Here is a breakdown of the information Boyd Gaming Corp presented to its investors.
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Boyd Gaming Corporation, a prominent player in the gaming and entertainment industry, operates 28 gaming properties across 10 states and manages an online casino gaming business.
In its third-quarter 2025 earnings report, Boyd Gaming announced a significant increase in net income, primarily driven by the sale of its equity interest in FanDuel, contributing to a net income of $1.4 billion. The company also highlighted growth in gaming revenues and efficient operations across its segments.
Key financial metrics for the third quarter included a revenue increase to $1.0 billion from $961.2 million in the previous year. Adjusted earnings per share rose to $1.72 from $1.52, while Adjusted EBITDAR was slightly down at $321.8 million compared to $336.6 million in 2024. The company also returned $175 million to shareholders and maintained a robust balance sheet.
Boyd Gaming’s strategic focus on core customer engagement and capital investment has resulted in strong performance across its segments, particularly in the Midwest & South and online gaming sectors. The company also continued its share repurchase program, with $160 million in shares bought back during the quarter.
Looking ahead, Boyd Gaming remains optimistic about its long-term growth prospects, supported by its strong financial position and strategic initiatives aimed at enhancing shareholder value.