Boyd Gaming crosses $1 billion in third-quarter revenue of 2025
Boyd Gaming reported steady revenue growth for the Q3 2025, with earnings rising to US$1 billion from $961.2 million in the same period last year.
The quarterly report revealed net profit of $1.4 billion/ $17.81 per share, against $131.1 million. $1.43 per share, a year ago. The sharp increase was largely driven by the July sale of Boyd’s equity stake in FanDuel to Flutter.
Keith Smith, president and CEO of Boyd Gaming, said:
“During the third quarter, our Company continued to achieve revenue and adjusted EBITDAR growth after adjusting for our recent FanDuel transaction. These results were driven by year-over-year growth in play from our core customers, improving trends in play from our retail customers, our efficient operations, and our ongoing capital investment programme. As a result, we saw healthy growth in gaming revenues across all three property operating segments during the quarter.
In all, we are encouraged by the strength of our business and remain well-positioned to continue creating long-term value for our shareholders.”
Adjusted earnings for the quarter came in at $139.1 million/ $1.72 per share, which is only a slight decrease from $139.3 million/ $1.52 per share in the same period last year. Total adjusted EBITDAR for Q3 2025 was $321.8 million, compared to $336.6 million in the year before.
Simultaneously, Boyd Gaming continued returned $175 million to shareholders during the quarter, while maintaining the strongest balance sheet in the company’s history.
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