Boyd Gaming (US:BYD)2025-10-23 20:06Financial Performance - Boyd Gaming reported third-quarter 2025 revenues of $1.0 billion, a 4.3% increase from $961.2 million in the same quarter of 2024[2]. - Net income for the third quarter of 2025 was $1.4 billion, or $17.81 per share, compared to $131.1 million, or $1.43 per share, in the prior year[2]. - Adjusted Earnings for the third quarter of 2025 were $139.1 million, or $1.72 per share, slightly down from $139.3 million, or $1.52 per share, in the same period in 2024[2]. - Total Adjusted EBITDAR for the third quarter of 2025 was $321.8 million, compared to $336.6 million in the third quarter of 2024[2]. - Total revenues for Q3 2025 reached $1,004,361,000, a 4.5% increase from $961,246,000 in Q3 2024[13]. - Adjusted EBITDA for Q3 2025 was $293,181,000, compared to $308,472,000 in Q3 2024, reflecting a decrease of 4.9%[13]. - Net income attributable to Boyd Gaming for Q3 2025 was $1,439,993,000, significantly up from $131,128,000 in Q3 2024[17]. - Adjusted earnings per share for Q3 2025 were $1.72, compared to $1.52 in Q3 2024, marking a 13.2% increase[17]. Shareholder Returns - Boyd Gaming returned $175 million to shareholders during the quarter while maintaining a strong balance sheet[2]. - Boyd Gaming repurchased $160 million in shares during the third quarter of 2025, with approximately $547 million remaining under its current share repurchase authorization[6]. - A quarterly cash dividend of $0.18 per share was paid on October 15, 2025[6]. Segment Performance - The Midwest & South segment achieved its best third-quarter revenue and Adjusted EBITDAR performance in three years[4]. - Online segment revenues increased to $165,597,000 in Q3 2025, a 17.1% rise from $141,312,000 in Q3 2024[13]. - The Midwest & South segment reported revenues of $538,852,000 in Q3 2025, up 3.1% from $522,400,000 in Q3 2024[13]. Financial Position - The company had cash on hand of $319.1 million and total debt of $1.9 billion as of September 30, 2025[7]. - Corporate expenses net of share-based compensation for Q3 2025 were $23,777,000, compared to $21,694,000 in Q3 2024[13]. - Impairment of assets for Q3 2025 was $65,123,000, with no impairments reported in Q3 2024[17]. - Total other (income) expense, net for Q3 2025 was $(1,702,272,000), compared to $46,005,000 in Q3 2024[13]. Company Overview - Boyd Gaming operates 28 gaming entertainment properties across 10 states, celebrating its 50th anniversary in 2025[24]. - Financial contact for Boyd Gaming is Josh Hirsberg, reachable at (702) 792-7234[25]. - Media contact for Boyd Gaming is David Strow, reachable at (702) 792-7386[25].