---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011010"
form_type: "8-K"
ticker: "BYD"
cik: "0000906553"
company_name: "BOYD GAMING CORP"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T18:04:10.118719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Boyd Gaming reports record Q1: revenue $964M, net income $199.7M, adjusted EPS $1.71

## Summary
- Revenue $964.0M (+12% YoY); net income $199.7M ($1.93 per share) vs $162.9M ($1.45) year ago.
- Total Adjusted EBITDAR $367.1M (+8.4%); Adjusted Earnings $177.4M ($1.71 per share) vs $157.5M ($1.40).
- Las Vegas Locals and Downtown Las Vegas segments delivered record first-quarter EBITDAR and operating margins.
- Online EBITDAR more than doubled YoY; Sky River Casino performed ahead of expectations.
- CEO Keith Smith notes strong core customer play and non-gaming growth across diversified portfolio.

## SEC filing metadata
- accession: 0001437749-23-011010
- form_type: 8-K
- ticker: BYD
- cik: 0000906553
- company_name: BOYD GAMING CORP
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906553/000143774923011010/0001437749-23-011010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906553/000143774923011010/bgc20230407c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011010
- JSON: https://secwatch.observer/filing/0001437749-23-011010.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011010.txt

## Key facts
- Earnings Releases
  BOYD GAMING CORP reported the first quarter ended March 31, 2023 results: revenue $964.0 million, net income $199.7 million, EPS $1.93 per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $964.0 million
  - Net income: $199.7 million
  - EPS: $1.93 per share
  - Result: reported results
  source text: Boyd Gaming reported first-quarter 2023 revenues of $964.0 million, up 12.0% from $860.7 million in the first quarter of 2022. The Company reported net income of $199.7 million, or $1.93 per share, for the first quarter of 2023, compared to $162.9 million, or $1.45 per share, for the year-ago period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/906553/000143774923011010/0001437749-23-011010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.