Boyd Gaming generates $1.1B in revenue in Q4

Boyd Gaming generates $1.1B Q4 revenue

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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.

Alla Basentsyan
Alla Basentsyan Content Writer

As a content writer at AffPapa, Alla focuses on daily coverage of iGaming news, writes in-depth articles on the most relevant topics of the sector, and presents insights from industry professionals through dedicated interviews. She combines her background in research with an engaging and informative approach to help readers stay up-to-date with everything that’s happening in global iGaming markets.

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