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Sep 30, 2024
Boyd Gaming Q3 2024 Earnings Report
Reported solid results in the third quarter, with revenue and Adjusted EBITDAR gains driven by recent investments and strong performances in Online and Managed businesses.
Key Takeaways
Boyd Gaming reported a revenue increase to $961.2 million, up from $903.2 million in Q3 2023. Net income was $131.1 million, or $1.43 per share, compared to $135.2 million, or $1.34 per share, in the previous year. Adjusted EBITDAR increased to $336.6 million from $320.8 million in the same period last year. Adjusted earnings were $139.3 million, or $1.52 per share, compared to $137.3 million, or $1.36 per share, for the same period in 2023.
Underlying customer trends remained stable.
Realized benefits from investments in Downtown Las Vegas and Midwest & South segments.
Online and Managed businesses performed excellently.
Repurchased more than $200 million in shares during the quarter.