---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-023420"
form_type: "8-K"
ticker: "BYD"
cik: "0000906553"
company_name: "BOYD GAMING CORP"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:59:50.504599+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Boyd Gaming Q2 2025 revenue $1.0B, EPS $1.84; Adjusted EPS $1.87, up YoY

## Summary
- Revenue of $1.0B, up from $967.5M in Q2 2024; net income $150.4M ($1.84 EPS) vs $139.8M ($1.47 EPS).
- Adjusted EBITDAR of $357.9M, up from $344.2M; Adjusted EPS $1.87 vs $1.58, YoY improvement.
- CEO cites broad-based growth, strongest property-level revenue and EBITDAR growth in over 3 years; margins above 40%.
- Company recently announced sale of FanDuel equity stake to further strengthen balance sheet and return capital.

## SEC filing metadata
- accession: 0001437749-25-023420
- form_type: 8-K
- ticker: BYD
- cik: 0000906553
- company_name: BOYD GAMING CORP
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906553/000143774925023420/0001437749-25-023420-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906553/000143774925023420/bgc20250612_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-023420
- JSON: https://secwatch.observer/filing/0001437749-25-023420.json
- Plain text: https://secwatch.observer/filing/0001437749-25-023420.txt

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