BOYD GAMING REPORTS THIRD-QUARTER 2026 RESULTS
Key Highlights
- ➤Q3 revenue $990.5 million, down from $1.0 billion year over year
- ➤Adjusted earnings $121.7 million, or $1.67 per share, versus $139.1 million
- ➤Adjusted EBITDAR $319.6 million, compared with $321.8 million year over year
- ➤Online segment delivered double-digit Adjusted EBITDAR growth
- ➤Boyd repurchased $164 million in shares during the third quarter
Expert Statements
Keith Smith, President and Chief Executive Officer of Boyd Gaming
“Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of our core customer and the appeal of our property investments nationwide.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming
“During the quarter, our results reflected continued growth in our Midwest & South segment, increased play from southern Nevada residents, and strong gains in both our Online and Managed operations.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming
“And while quarterly results were impacted by increased softness in destination business to Las Vegas, primarily affecting our Orleans property, we are encouraged by the continued strength of the remainder of our Las Vegas Locals portfolio and the performance of our Midwest & South segment.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming
“Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through share repurchases and dividends.”
Keith Smith, President and Chief Executive Officer of Boyd Gaming
“With our robust free cash flow, strong balance sheet and efficient operating model, our Company is well-positioned to continue creating long-term value for our shareholders.”
LAS VEGAS, Oct. 22, 2026 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the third quarter ended September 30, 2026.
Keith Smith, President and Chief Executive Officer of Boyd Gaming, said, "Our third-quarter performance continued to highlight the benefits of our diversified business model, the ongoing strength of our core customer and the appeal of our property investments nationwide. During the quarter, our results reflected continued growth in our Midwest & South segment, increased play from southern Nevada residents, and strong gains in both our Online and Managed operations. And while quarterly results were impacted by increased softness in destination business to Las Vegas, primarily affecting our Orleans property, we are encouraged by the continued strength of the remainder of our Las Vegas Locals portfolio and the performance of our Midwest & South segment. Finally, we maintained our balanced approach to capital allocation during the third quarter, investing in growth across our portfolio while returning nearly $180 million to our shareholders through share repurchases and dividends. With our robust free cash flow, strong balance sheet and efficient operating model, our Company is well-positioned to continue creating long-term value for our shareholders."
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