Boyd Gaming Sees Revenue Increase in Third Quarter

Boyd Gaming Reports Growth

Boyd Gaming’s net income reached $131.1 million, or $1.43 per share, compared to $135.2 million, or $1.34 per share, in the same period last year.

Adjusted EBITDAR was $336.6 million in Q3 2024, an increase from $320.8 million in Q3 2023.

Adjusted earnings for Q3 2024 totaled $139.3 million, or $1.52 per share, compared to $137.3 million, or $1.36 per share, in Q3 2023.

Keith Smith, Boyd Gaming’s President and CEO, expressed satisfaction with the company’s current performance and reiterated the focus on enhancing shareholder value.

“Our Company continued to produce solid results in the third quarter, as underlying customer trends remained stable.  During the quarter, we realized the benefits of our recent investments in our Downtown Las Vegas and Midwest & South segments. These investments produced strong returns, driving revenue and Adjusted EBITDAR gains in both segments,” said Smith.

“We also benefited from excellent performances in both our Online and Managed businesses, demonstrating the value of our diversified business model. We strengthened our growth pipeline, securing an opportunity to develop a best-in-market casino resort in Norfolk, Virginia, while continuing work on property enhancements nationwide, “added president and CEO Boyd Gaming.

$202 Million Allocated for Share Buybacks

Boyd Gaming allocated a total of $202 million for share buybacks in Q3 2024. Additionally, as of the end of Q3 2024, Boyd Gaming held approximately $343 million remaining under its current share repurchase authorization.

The company currently operates 28 entertainment properties across 10 states and manages a tribal casino in Northern California.

It’s also worth recalling that Boyd Gaming is a strategic partner with a 5% stake in FanDuel Group, a leading U.S. sports betting operator.