Boyd Gaming earnings showed strong financial performance in Q4 2024. The company reported $1.0 billion in revenue, marking an increase from the previous year. CEO Keith Smith credited property investments and efficiency for the gains.

• Q4 revenue was $1.0 billion, up from $954.4 million in Q4 2023. Net income reached $170.5 million, compared to $92.6 million the year before. The increase was partly due to non-cash impairment charges affecting 2023 results.
• Adjusted EBITDAR rose to $379.3 million, from $355.5 million in Q4 2023. Adjusted earnings per share were $1.96, compared to $1.66 in the previous year. The company’s online segment saw higher revenue and EBITDAR, supported by market-access agreements and one-time benefits.
• Full-year 2024 revenue was $3.9 billion, up from $3.7 billion in 2023. Net income for the year totaled $578.0 million, slightly down from $620.0 million in 2023. The impact of non-cash impairment charges in 2023 influenced these figures.
• Regional performance varied, with Las Vegas Locals facing competition, while Downtown Las Vegas benefited from Hawaiian tourism and property upgrades. The Midwest & South segment showed growth, driven by Treasure Chest’s new land-based facility.
• Cash dividend of $0.17 per share was paid on January 15, 2025. The company repurchased $203 million in shares during Q4, leaving $640 million under its current buyback authorization.
• As of December 31, 2024, Boyd Gaming had $316.7 million in cash and $3.2 billion in total debt. The company continued capital investments while maintaining a strong balance sheet.

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