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Sep 30, 2020

Boyd Gaming Q3 2020 Earnings Report

Reported financial results for the third quarter ended September 30, 2020.

Key Takeaways

Boyd Gaming reported Q3 2020 revenues of $652.2 million, net income of $38.1 million, and adjusted EBITDAR of $238.8 million. The Las Vegas Locals segment delivered record third quarter adjusted EBITDAR with a 46% margin, and the Midwest & South segment's adjusted EBITDAR set an all-time quarterly record with a 39% margin.

Delivered 12% EBITDAR growth.

Improved operating margins by more than 1,000 basis points.

Las Vegas Locals and Midwest & South segments set records for quarterly EBITDAR and margins.

Expanded partnership with FanDuel Group, launching mobile sports betting platforms in Illinois and Iowa.

Total Revenue
$652M
Previous year: $820M
-20.4%
EPS
$0.38
Previous year: $0.39
-2.6%
Adjusted EBITDAR
$239M
Previous year: $214M
+11.9%
Operating Margin
36.6%
Previous year: 26.1%
+40.2%
Gross Profit
$380M
Previous year: $389M
-2.5%
Cash and Equivalents
$506M
Previous year: $235M
+115.2%
Free Cash Flow
$148M
Previous year: $110M
+33.7%
Total Assets
$6.57B
Previous year: $6.68B
-1.7%

Boyd Gaming

Boyd Gaming

Boyd Gaming Revenue by Segment

Forward Guidance

No forward guidance provided in this report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income