US EditionBOYD GAMING REPORTS FOURTH-QUARTER, FULL-YEAR 2025 RESULTS
Boyd Gaming's full-year net income surged to $1.8 billion due to a $1.4 billion after-tax gain from FanDuel equity sale and strong core customer play, company said.
- In a Feb. 5 press release, Boyd Gaming reported fourth-quarter and full-year 2025 results, with full-year revenues of $4.1 billion.
- By selling its FanDuel stake, Boyd Gaming generated nearly $1.8 billion in gross proceeds and a $1.4 billion after-tax gain, along with $128.4 million in impairment charges.
- Operationally, fourth-quarter results show Boyd Gaming's fourth-quarter 2025 revenues rose to $1.1 billion, net income reached $140.4 million, and Total Adjusted EBITDAR was $336.6 million.
- Shareholders saw more than $800 million returned via repurchases and dividends, including $185 million repurchased in Q4 and $362 million remaining under authorization.
- Looking ahead, Boyd Gaming is optimistic about 2026, expecting gains from core customers, capital investments including the $750 million Virginia resort, with cash on hand of $353.4 million and total debt of $2.1 billion.
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