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Boyd Gaming Q4 2024 Earnings Report
Key Takeaways
Boyd Gaming delivered strong financial results in Q4 2024, with revenue reaching $1.04 billion and adjusted earnings per share increasing to $1.96. The company's net income surged to $170.5 million, driven by growth in its Online and Midwest & South segments. Despite competitive pressures in certain markets, Boyd Gaming maintained strong property-level operating margins.
Boyd Gaming
Boyd Gaming
Boyd Gaming Revenue by Segment
Revenue by Segment
Las Vegas Locals Revenue
CapyFin.comDowntown Las Vegas Revenue
CapyFin.comMidwest & South Revenue
CapyFin.comOnline Revenue
CapyFin.comManaged & Other Revenue
CapyFin.com Forward Guidance
Boyd Gaming remains optimistic about long-term value creation, focusing on operational efficiencies and strategic investments while maintaining a strong balance sheet.
Positive Outlook
- Continued revenue growth in Online and Midwest & South segments
- Strong property-level operating margins above 40%
- Investments in property enhancements contributing to performance
- Shareholder returns through dividends and share repurchases
- Resilient balance sheet with strong cash position
Challenges Ahead
- Competitive pressures in Las Vegas Locals segment
- Potential macroeconomic headwinds affecting consumer spending
- Regulatory risks in the gaming industry
- Rising operating costs impacting profitability
- Dependence on market-access agreements for online gaming growth