Boyd Gaming Reports Strong Q1 2025 Performance

Boyd Gaming Corp ( (BYD) ) has released its Q1 earnings. Here is a breakdown of the information Boyd Gaming Corp presented to its investors.

Boyd Gaming Corporation is a geographically diversified operator of 28 gaming entertainment properties across 10 states, and it also manages a tribal casino in northern California. The company is involved in both traditional and online casino gaming, and it holds a strategic partnership with FanDuel Group, a leading sports-betting operator.

In its first-quarter 2025 earnings report, Boyd Gaming announced a revenue increase to $991.6 million, up from $960.5 million in the same period last year. Despite facing challenges such as severe weather in its Midwest & South segment and competitive pressures in Las Vegas, the company maintained strong property operating margins and showed resilience in its overall performance.

Key financial highlights include a growth in Adjusted EBITDAR to $337.5 million from $330.5 million in the previous year. The company’s net income was reported at $111.4 million, or $1.31 per share, which is a decrease from the previous year’s $136.5 million, or $1.40 per share. The Online segment showed robust growth, contributing significantly to the company’s revenue and Adjusted EBITDAR.

Boyd Gaming increased its quarterly cash dividend to $0.18 per share and repurchased $328 million in shares during the quarter. The company maintains a strong balance sheet with $311.5 million in cash and $3.5 billion in total debt.

Looking ahead, Boyd Gaming remains confident in navigating the current economic environment, supported by its strong financial position and experienced management team. The company continues to focus on delivering value to its shareholders and enhancing its gaming and entertainment offerings.