NYSE$BYD

Boyd Gaming · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported solid results in the third quarter, with revenue and Adjusted EBITDAR gains driven by recent investments and strong performances in Online and Managed businesses.

Boyd Gaming reported a revenue increase to $961.2 million, up from $903.2 million in Q3 2023. Net income was $131.1 million, or $1.43 per share, compared to $135.2 million, or $1.34 per share, in the previous year. Adjusted EBITDAR increased to $336.6 million from $320.8 million in the same period last year. Adjusted earnings were $139.3 million, or $1.52 per share, compared to $137.3 million, or $1.36 per share, for the same period in 2023.

  • Underlying customer trends remained stable.
  • Realized benefits from investments in Downtown Las Vegas and Midwest & South segments.
  • Online and Managed businesses performed excellently.
  • Repurchased more than $200 million in shares during the quarter.

Headline financials

Total Revenue

$961M

Previous: $903M+6.4%
EPS

$1.43

Previous: $1.36+5.1%
Adjusted EBITDAR

$337M

Previous: $321M+4.9%
Capital Expenditures

-$289M

Previous: -$279M-3.7%
Free Cash Flow

-$158M

Previous: -$144M-9.9%
Net Income

$131M

Previous: $135M-3.0%
Operating Income

$220M

Previous: $218M+1.0%
Gross Profit

$0.00

Previous: -$34.4M+100.0%
Cash & Equivalents

$286M

Previous: $269M+6.4%
Total Assets

$6.3B

Previous: $6.31B-0.1%
Stock-Based Comp

$7.54M

Previous: $8.03M-6.1%

Revenue & EPS history

Boyd Gaming · Revenue · Quarterly

$961M

Q3 2024+6.4%vs Q3 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-1.0%

Avg return

Earnings day

-0.9%

Avg return

5 days after

-0.2%

Avg return

30 days after

45%

30 / 67 earnings

Positive

+28.4%

Q1 2013

Best reaction

-20.5%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.0%-3.2%-11.0%
Q4 2025-0.5%-0.3%-4.2%
Q3 2025-7.2%-9.6%-5.0%
Q2 2025-1.5%-0.5%+0.9%
Q1 2025+4.3%+4.7%+10.6%
Q4 2024-1.7%-2.0%-12.2%
Q3 2024+8.4%+11.9%+13.0%
Q2 2024+5.7%+5.6%+3.9%
Q1 2024-16.4%-15.9%-18.6%
Q4 2023+4.3%+1.4%-1.3%
Q3 2023-10.8%-9.7%-1.9%
Q2 2023-6.4%-5.6%-9.6%
Q1 2023-0.2%+3.0%-3.5%
Q4 2022+6.6%+6.6%+5.6%
Q3 2022+4.1%+7.2%+11.1%
Q2 2022+0.8%+0.6%+3.7%
Q1 2022-6.3%-5.6%-7.3%
Q4 2021+5.3%+8.7%+11.4%
Q3 2021+1.3%-3.9%-6.7%
Q2 2021+1.6%-1.0%+5.9%
Q1 2021+1.7%-1.7%-2.8%
Q4 2020-2.5%-2.2%+12.6%
Q3 2020-6.8%-8.6%+13.5%
Q2 2020+13.5%+9.4%+24.3%
Q1 2020+6.9%-1.3%+32.6%
Q4 2019-0.5%-13.5%-66.0%
Q3 2019+3.5%+4.2%+16.0%
Q2 2019-1.4%-2.9%-10.3%
Q1 2019-1.3%-7.0%-16.3%
Q4 2018+9.2%+9.6%-3.7%
Q3 2018-6.0%-9.4%-16.6%
Q2 2018-6.2%-1.0%-2.2%
Q1 2018-1.9%+0.9%+10.1%
Q4 2017-6.2%-5.5%-13.8%
Q3 2017+5.1%+5.5%+9.7%
Q2 2017-3.9%-3.2%+0.9%
Q1 2017+6.5%+6.8%+13.0%
Q4 2016+2.1%-2.6%-3.3%
Q3 2016-4.8%-3.1%+4.7%
Q2 2016-3.5%-1.2%+3.1%
Q1 2016-2.9%
Q4 2015+7.9%
Q3 2015+7.2%
Q2 2015+0.7%
Q1 2015+3.0%
Q4 2014+2.7%
Q3 2014+8.3%
Q2 2014-13.5%
Q1 2014-3.4%
Q4 2013+5.4%
Q3 2013-20.5%
Q2 2013+22.6%
Q1 2013+28.4%
Q4 2012+7.7%
Q3 2012-10.5%
Q2 2012-20.4%
Q1 2011-4.4%
Q1 2012-3.9%
Q4 2011+5.3%
Q3 2011-9.3%
Q3 2010-9.3%
Q4 2008-7.7%
Q4 2009-7.7%
Q2 2010-13.4%
Q2 2011-13.4%
Q4 2010-13.4%
Q1 2010+0.7%

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