The leading gaming and entertainment company, which operates 28 venues in 10 different US states, Boyd Gaming Corporation, released its latest financial report.
On Thursday, the company released its unaudited financial results for the third quarter ended September 30, 2025, reporting a strong revenue increase and an uptick in net income.
Total gaming revenue in Q3 increases year-over-year
In total, Boyd Gaming's net revenues during the third quarter or three months ended September 30, 2025, hit $1.0bn.
Compared to the corresponding period last year, the latest revenue result showed an increase of nearly $40m, considering that in Q3 2024, revenue halted at $961.2m.
A breakdown provided by Boyd Gaming confirmed the company recorded increases in revenue across the board, with only a couple of operating segments exhibiting a dip in year-over-year revenue.
Per Boyd Gaming's Q3 2025 financial results, gaming revenue hit $657.4m, up by nearly 3% when compared to the $640.5m result from the same period last year.
Food and beverage and management fees revenues have also increased year-over-year, hitting $75.6m and $23.7m, while online revenues and room revenues dipped year-over-year to $26.9m and $45.2m, respectively.
Focusing on the first nine months of 2025, the total revenue reported by Boyd Gaming also recorded an increase when compared to the prior year period.
In the first nine months ending September 30, 2024, the company posted $2.89bn in revenue.
During the same period this year, Boyd Gaming's revenue soared, hitting $3.03bn.
FanDuel stake divestment provides a vital boost
Earlier this year, Boyd Gaming confirmed it had finalized the sale of its stake in FanDuel.
The milestone acquisition, representing a deal worth $1.4bn, saw Flutter Entertainment grow its share in FanDuel to 100%.
In that line of thought, Boyd Gaming's net income for the third quarter this year hit $1.4bn, or $17.81 per share, significantly above $131.1m or $1.43 per share for the year-ago period.
However, considering the finalization of the sale and fresh funds that boosted Boyd Gaming's finances, it's safe to say that the net income in Q3 this year isn't directly comparable to the corresponding period last year.
Keith Smith, Boyd Gaming's President and Chief Executive Officer, spoke with excitement about the latest results, Casino Guru News learned from a press release.
"During the third quarter, our Company continued to achieve revenue and Adjusted EBITDAR growth after adjusting for our recent FanDuel transaction," the executive explained.
Smith added that the latest results were positively impacted by an increase in play from the company's core customers, as well as efficiency and improvements.
"As a result, we saw healthy growth in gaming revenues across all three property operating segments during the quarter," Smith said.
Last but not least, the executive acknowledged that during the recent trading period, the company returned $175m to shareholders and highlighted that the latest figures are encouraging and position the company well for further long-term growth.
