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Mar 31, 2023
Boyd Gaming Q1 2023 Earnings Report
Boyd Gaming demonstrated a strong start to 2023, showcasing business model strength and diversified portfolio resilience.
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.
Forward Guidance
The company is confident in its continued ability to successfully navigate the current economic environment.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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