Boyd Gaming Q1 2023 Earnings Report
Key Takeaways
Boyd Gaming reported a strong first quarter in 2023, with revenue increasing by 12.0% to $964.0 million and net income reaching $199.7 million, or $1.93 per share. Adjusted EBITDAR rose by 8.4% to $367.1 million, and adjusted earnings were $177.4 million, or $1.71 per share. The company saw increased play from core customers and growth in non-gaming operations, with particularly strong performances in its Nevada segments and online operations.
Revenue increased by 12.0% to $964.0 million compared to the first quarter of 2022.
Net income was reported at $199.7 million, or $1.93 per share.
Adjusted EBITDAR increased by 8.4% to $367.1 million.
Adjusted earnings reached $177.4 million, or $1.71 per share.
Boyd Gaming
Boyd Gaming
Forward Guidance
The company is confident in its continued ability to successfully navigate the current economic environment.