Boyd Gaming Corp ( (BYD) ) has released its Q4 earnings. Here is a breakdown of the information Boyd Gaming Corp presented to its investors.
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Boyd Gaming Corporation, a leading operator in the gaming and entertainment industry, manages 28 properties across 10 states, including an online casino business and a stake in the sports-betting operator FanDuel Group. In its latest earnings report for the fourth quarter and full year 2024, Boyd Gaming showcased strong financial performance, driven by its diversified business model and recent property investments. The company reported fourth-quarter revenues of $1.0 billion, up from $954.4 million in the previous year, with net income increasing to $170.5 million. For the full year, revenues rose to $3.9 billion, while net income was slightly lower at $578.0 million compared to $620.0 million in 2023.
Key highlights from the report include steady revenue growth in the Midwest & South segment, driven by a new land-based facility, and an impressive performance in the online segment, benefiting from market-access agreements. The company also maintained high operating margins and continued its strong capital allocation strategy, returning nearly $750 million to shareholders throughout the year. Boyd Gaming’s focus on maintaining a robust balance sheet was evident, with cash on hand at $316.7 million and total debt standing at $3.2 billion.
Looking ahead, Boyd Gaming remains optimistic about its strategy to deliver long-term value for shareholders, backed by its strong foundation and continued commitment to property investments and operational efficiencies. Celebrating its 50th year in business, the company remains guided by the vision and integrity of its founders, aiming to sustain its position as a respected leader in the gaming industry.
