Boyd Gaming Q4 2022 Earnings Report
Key Takeaways
Boyd Gaming Corporation reported a strong fourth quarter in 2022, achieving record revenue of $922.9 million and net income of $172.7 million, or $1.63 per share. The company's success was driven by strong performances in its Nevada segments, management fees from Sky River, and growth in its online business. Total Adjusted EBITDAR was $360.1 million, up from $347.3 million in the prior year.
Achieved record revenue and EBITDAR on both a fourth-quarter and full-year basis.
Company-wide growth in the fourth quarter was driven by strong performances in Nevada segments, management fees from Sky River and growth in online business.
Completed acquisition of Pala Interactive and expanded sports-betting partnership with FanDuel.
Returned nearly $600 million to shareholders through share repurchases and dividends in 2022.
Boyd Gaming
Boyd Gaming
Forward Guidance
Boyd Gaming did not provide specific forward guidance in this earnings report. The report expresses confidence in the company's operating model and team's ability to successfully navigate the year ahead.