secwatch.observer — SEC 8-K summary
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Issuer:     BOYD GAMING CORP (BYD)
CIK:        0000906553
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001437749-25-031621
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906553/000143774925031621/0001437749-25-031621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906553/000143774925031621/bgc20250808_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-031621

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer