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BOYD GAMING (BYD)

Earnings summaries and quarterly performance for BOYD GAMING.

Research analysts who have asked questions during BOYD GAMING earnings calls.

Brandt Montour

Barclays PLC

6 questions for BYD

Also covers: BALY, CCL, CHDN +23 more

Chad Beynon

Macquarie

6 questions for BYD

Also covers: ACEL, AGS, AMC +30 more

David Katz

Jefferies Financial Group Inc.

6 questions for BYD

Also covers: AGS, BALY, CCL +34 more

John DeCree

CBRE

6 questions for BYD

Also covers: CZR, FLL, FLUT +9 more

Barry Jonas

Truist Securities

5 questions for BYD

Also covers: BALY, CHDN, CZR +15 more

Benjamin Chaiken

Mizuho Financial Group, Inc.

5 questions for BYD

Also covers: CCL, CHDN, CUK +14 more

Steven Wieczynski

Stifel

5 questions for BYD

Also covers: CCL, CUK, CZR +11 more

Jordan Bender

JMP Securities

4 questions for BYD

Also covers: AMC, BALY, BRAG +14 more

Shaun Kelley

Bank of America Merrill Lynch

4 questions for BYD

Also covers: CHDN, CHH, CZR +16 more

Stephen Grambling

Morgan Stanley

4 questions for BYD

Also covers: BC, CHH, CUK +21 more

Carlo Santarelli

Deutsche Bank

3 questions for BYD

Also covers: CZR, DKNG, GDEN +6 more

Daniel Politzer

Wells Fargo

3 questions for BYD

Also covers: CCL, CHDN, CHH +20 more

Daniel Politzer

JPMorgan Chase & Co.

2 questions for BYD

Also covers: CHDN

David Hargreaves

Barclays

2 questions for BYD

Also covers: IGT, LIND, PK

Joseph Stauff

Susquehanna Financial Group, LLLP

2 questions for BYD

Also covers: CHDN, DKNG, FLUT +8 more

Steven Pizzella

Jefferies

2 questions for BYD

Also covers: ACEL, SRAD, WH

Joseph Greff

JPMorgan Chase & Co.

1 question for BYD

Also covers: CHH, CZR, DKNG +10 more

Patrick Kee

Truist Securities

1 question for BYD

Steve Pizzella

Deutsche Bank

1 question for BYD

Also covers: ACEL, CZR, GENI +6 more

Steve Wieczynski

Stifel Financial Corp.

1 question for BYD

Also covers: CCL, NCLH, VIK +1 more

Recent press releases and 8-K filings for BYD.

Boyd Gaming Reports Strong Q3 2025 Results, Updates Guidance, and Reduces Leverage
BYD
Earnings
Guidance Update
Share Buyback
  • Boyd Gaming Corporation reported Q3 2025 revenues exceeding $1 billion and EBITDA of $322 million, with company-wide margins consistent with the prior year at 37%.
  • The company increased its online segment EBITDA guidance for 2025 to $60 million and expects $30 million in EBITDA for 2026.
  • Capital expenditures for Q3 2025 were $146 million, bringing year-to-date expenditures to $440 million, with a full-year 2025 expectation of approximately $600 million. Significant growth projects include a $750 million resort development in Norfolk, Virginia, with the permanent resort scheduled to open in November 2027.
  • During Q3 2025, Boyd Gaming repurchased $160 million in stock and paid $15 million in dividends, and intends to maintain $150 million per quarter in share repurchases going forward.
  • The company's total leverage ratio significantly declined from 2.8x in Q2 2025 to 1.5x in Q3 2025, following the FanDuel transaction and debt repayment.
Oct 23, 2025, 9:00 PM
Boyd Gaming Reports Q3 2025 Results, Updates Capital Plans and Shareholder Returns
BYD
Earnings
New Projects/Investments
Share Buyback
  • Boyd Gaming Corporation reported Q3 2025 revenues exceeding $1 billion and EBITDA of $322 million, with company-wide margins consistent with the prior year at 37%.
  • The company is increasing its online segment EBITDA guidance for 2025 to $60 million and expects $30 million for 2026.
  • Total capital expenditures for 2025 are projected to be approximately $600 million, including $100 million for growth capital and $150 million for the Virginia casino development. Key growth projects include Cadence Crossing opening in Q2 2026 and the $750 million Norfolk, Virginia resort scheduled to open in November 2027.
  • In Q3 2025, Boyd Gaming repurchased $160 million in stock and paid $15 million in dividends, bringing year-to-date shareholder returns to $637 million. The company intends to maintain $150 million per quarter in share repurchases.
  • The company's leverage ratio significantly decreased from 2.8 times at the end of Q2 to 1.5 times at the end of Q3 2025, following the FanDuel transaction.
Oct 23, 2025, 9:00 PM
Boyd Gaming and Fanatics Announce Missouri Sports Betting Partnership
BYD
New Projects/Investments
Product Launch
  • Boyd Gaming Corporation has partnered with Fanatics Betting and Gaming for mobile sports betting and retail sportsbooks in Missouri.
  • Under the multi-year agreement, Fanatics Sportsbook will operate online betting under Boyd’s license and open Fanatics-branded retail sportsbooks at Boyd’s Ameristar Casino Hotel Kansas City and Ameristar Casino Resort and Spa St. Charles.
  • The launch of online and retail betting products in Missouri is planned for this December, contingent upon receipt of all required regulatory approvals.
Aug 25, 2025, 4:03 PM

Quarterly earnings call transcripts for BOYD GAMING.

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