Boyd Gaming Q4 revenue rises to $1.1 billion; GAAP EPS falls to $1.79 from $1.92
Boyd Gaming reported fourth-quarter 2025 revenue of $1.1 billion, up from $1.0 billion a year earlier, but net income attributable to the company fell to $140.4 million, or $1.79 per share, from $170.5 million, or $1.92 per share. Adjusted earnings per share rose to $2.21 from $1.96, while total Adjusted EBITDAR fell to $336.6 million from $379.3 million; for the full year, the $1.4 billion after-tax FanDuel gain drove net income of $1.8 billion.
Key points
- Q4 2025 revenues were $1.1 billion versus $1.0 billion in Q4 2024; Q4 Adjusted EBITDAR was $336.6 million versus $379.3 million.
- Q4 2025 net income attributable to Boyd Gaming was $140.4 million, or $1.79 per share, versus $1.92 per share a year earlier; Adjusted EPS was $2.21 versus $1.96.
- Full-year 2025 net income was $1.8 billion, or $22.56 per share, including a $1.4 billion after-tax gain from the FanDuel equity sale and $128.4 million in pretax impairment charges.
- The company repurchased $185 million of shares in Q4 2025 and had about $362 million remaining under current authorizations as of December 31, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.