MGM’s Q4 report shows that earnings were mostly driven by the digital and China segments, while Las Vegas and overall U.S. regional businesses were declining.The group...
Boyd Gaming generates $1.1B Q4 revenue
Boyd Gaming Corporation recorded strong performance during Q4 with $1.1 billion in revenue; however, stocks dropped by 0.92% in after-hours trading.
Boyd Gaming achieved an all-time high in revenue and showed strong property-level margins, with the markets in Las Vegas, the Midwest, and the South contributing to the results. Q4 earnings per share reported a 13.92% increase, standing at $2.21 and outperforming the forecasted $1.94, while EBITDA reached $337 million.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said:
“2025 was another successful year for our company as we continued to build upon our strong foundation, position our company for further growth, and deliver long-term value for our shareholders.”
For the Las Vegas segment, Q4 revenue reached $227.2 million compared to $232 million in 2024, while EBITDA totaled $109.2 million, down from $112.3 million in 2024. In the Midwest and South, revenues performed better with $533.1 million compared to $518.5 million in 2024, and adjusted EBITDA of $191.4 million.
The company’s total operating costs reached $895.7 million, with selling, general, and administrative expenses coming in at $111.2 million in Q4.
Additionally, Boyd Gaming generated around $1.8 billion in gross proceeds from its equity stake in FanDuel.
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