Boyd Gaming Q3 revenue $1.0B (+4% YoY), adj. EPS $1.72 vs $1.52; FanDuel sale boosts net income

BOYD GAMING CORP

2025-Q3 EPS reported $20.58 revenue$3,029,924,000

Net income $1.4B ($17.81/sh) includes $1.4B after-tax gain from FanDuel equity sale; year-ago net income $131M ($1.43/sh).
Adjusted EBITDAR $321.8M vs $336.6M in Q3 2024, reflecting lower market-access fees post-FanDuel transaction.
Revenue grew 4% to $1.0B; gaming revenues increased across all three property operating segments.
Returned $175M to shareholders during the quarter; balance sheet strongest in company history.
Adjusted earnings per share $1.72 vs $1.52 in prior year; core customer play grew year-over-year.

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