Boyd Gaming Corporation has released its financial report for the quarter ending on June 30, 2025, showcasing notable growth in revenue and EBITDA. Leading the charge, Keith Smith, the company’s president and CEO, expressed optimism about the future, highlighting Boyd’s dedication to enhancing shareholder value. The report reveals revenues of a remarkable $1.0 billion, a significant increase from the $967.5 million reported during the same period last year. Additionally, Boyd’s net income per share saw an impressive rise to $1.84, translating to $150.4 million, compared to $1.47 per share or $139.8 million in Q2 2024.
The company’s total adjusted EBITDAR for Q2 2025 came in at $357.9 million, up from $344.2 million in the previous year. Adjusted earnings also followed an upward trajectory, reaching $154.2 million, or $1.87 per share, surpassing last year’s $150 million ($1.58 per share). Boyd’s ongoing commitment to shareholder returns was evident with a quarterly cash dividend of $0.18 per share paid out on July 15, alongside the reacquisition of $105 million in common stock as part of its
The company’s total adjusted EBITDAR for Q2 2025 came in at $357.9 million, up from $344.2 million in the previous year. Adjusted earnings also followed an upward trajectory, reaching $154.2 million, or $1.87 per share, surpassing last year’s $150 million ($1.58 per share). Boyd’s ongoing commitment to shareholder returns was evident with a quarterly cash dividend of $0.18 per share paid out on July 15, alongside the reacquisition of $105 million in common stock as part of its buyback program. Following this, Boyd’s board of directors approved an additional $500 million share repurchase.
A closer look at Boyd’s various segments reveals a resilient performance across the board. The Las Vegas Locals segment recorded its strongest quarterly growth in over two years, with margins nearing an impressive 50%. Although the Downtown Las Vegas segment faced challenges due to last year’s influx of guests from Hawaii, the Midwest & South segment showcased consistent growth, significantly influenced by the stellar performance of Treasure Chest Casino.
Boyd Gaming’s online operations reported steady advancements, particularly in online casino gaming and market-access agreements, while the Managed & Others segment benefited from ongoing management fees growth from Sky River
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