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Jun 30, 2020
Boyd Gaming Q2 2020 Earnings Report
Reported financial results for the second quarter, impacted by COVID-19, but showed resilience in reopened properties with EBITDAR growth and margin improvement.
Key Takeaways
Boyd Gaming reported a net loss for Q2 2020 due to the COVID-19 pandemic, with all properties closed for a significant portion of the quarter. However, reopened properties showed strong EBITDAR growth and margin improvement, particularly in the Midwest & South and Las Vegas Locals segments. The company is also expanding its iGaming strategy with the launch of Stardust Social Casino.
26 properties resumed operations since mid-May.
Midwest & South and Las Vegas Locals segments each delivered Adjusted EBITDAR growth and significant margin improvement since reopening.
Company launched Stardust Social Casino to advance iGaming strategy.
Revenues decreased due to property closures, but spend per visit was robust.
Revenue by Segment
Forward Guidance
The company is confident that it can sustain increased efficiencies in its operating model.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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