Boyd Gaming noticed revenues attain a large $1 billion in its third-quarter of the yr, with the FanDuel stake sale boosting earnings.
Within the third quarter of 2024, the revenues sat at $961.2 million. As for the online earnings, the third quarter interval of this yr noticed a reported internet earnings of $1.4 billion which equates to $17.81 per share. In 2024, for a similar interval, the corporate reported $131.1 million in internet earnings.
In its third quarter outcomes, the corporate says its internet earnings was impacted by a $1.4 billion after tax acquire from the sale of the corporate’s fairness curiosity in FanDuel, and $65.1 million in non-cash, pretax long-lived asset impairment expenses.
In the summertime, it was confirmed that Boyd Gaming had accomplished its settlement to promote its 5% fairness share in FanDuel to Flutter. The transaction implies that Flutter now has full possession of the US sports activities betting model.
The corporate nonetheless owns 28 gaming properties throughout ten states.
Boyd Gaming sale of FanDuel holding passed off this summer season forward of Q3
The corporate president and CEO, Keith Smith, defined the figures: “Through the third quarter, our Firm continued to attain income and Adjusted EBITDAR progress after adjusting for our current FanDuel transaction.
“These outcomes have been pushed by year-over-year progress in play from our core prospects, enhancing traits in play from our retail prospects, our environment friendly operations, and our ongoing capital funding program.
“Consequently, we noticed wholesome progress in gaming revenues throughout all three property working segments throughout the quarter. On the similar time, we continued our balanced strategy to capital allocation, returning $175 million to shareholders throughout the quarter whereas sustaining the strongest steadiness sheet in our Firm’s historical past.
“In all, we’re inspired by the power of our enterprise and stay well-positioned to proceed creating long-term worth for our shareholders.”
Boyd Gaming’s adjusted earnings for the third quarter of 2025 have been $139.1 million, in comparison with $139.3 million for a similar interval in 2024. “Whole Adjusted EBITDAR was $321.8 million within the third quarter of 2025, versus $336.6 million within the third quarter of 2024. Outcomes for the third quarter of 2025 replicate decrease market-access charges because of the FanDuel transaction,” the report states.
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