The leading gaming, hospitality and entertainment company, Boyd Gaming Corporation, released its first quarter financial results. Covering the three months ended March 31, 2026, the unaudited results revealed revenue growth as the company maintained its focus on operating efficiency.
The company posted a year-over-year revenue increase
In Q1 2026, Boyd Gaming posted $997.4m in revenue, marking a slight increase when compared to the $991.6m result from the corresponding period in 2025. Unlike the revenue increase, the company reported net income of $105.5m, or $1.37 per share in Q1 2026, a decrease when compared to the $111.4m, or $1.31 per share for the same period the prior year. Total adjusted EBITDAR during the most recent trading period was $317.4m, versus $337.5m in Q1 last year. Further breakdown provided by Boyd Gaming reveals that gaming revenue was responsible for the lion’s share of the total revenue in Q1. During the first quarter of 2025, gaming revenue was $638.7m, whereas in Q1 this year, it increased to $650.5m. Food and beverage revenues during the latest trading period was on par year-over-year at $75.8m, while room revenue decreased slightly to $45.9m. While gaming revenue increased, the company’s online operations posted a decrease. In Q1 2025, Boyd Gaming posted $40m in gaming revenue, while during the latest period, it decreased nearly two times to $26.2m. Earlier this year, Boyd Gaming announced its plans to sell its Shreveport property to Bally's Corporation. Despite the announcement, financial details were not made public.
Boyd Gaming continued to invest in its properties in Q1
Our first-quarter results reflect the benefits of our diversified business, our successful focus on operating efficiencies and our ongoing capital investment program, he explained. Moreover, Smith pointed out: These results were supported by continued growth in play from both core and retail customers on a Companywide basis, driven by broad-based strength in our Midwest & South segment. During the quarter we continued to invest in enhancing our properties and building our development pipeline. The executive acknowledged that Boyd Gaming successfully opened its newest Las Vegas Locals property, Cadence Crossing Casino. At the same time, he said that the company continued the development of its $750m resort in Virginia. Focusing on the future, Smith acknowledged Boyd Gaming’s diversified portfolio and capital allocation, predicting further long-term growth and value to the company’s shareholders.
Comments
No comments yet.