Boyd Gaming misses Q3 revenue expectations
BYD•Boyd Gaming reported Q3 revenue of $990.46 million, below the $1.001 billion consensus estimate, while adjusted EPS of $1.67 beat expectations of $1.64.
1. Revenue falls short
Boyd Gaming's Q3 revenue declined year over year and missed analyst expectations. Adjusted net income was $121.7 million, slightly above the $121.42 million estimate, and net income was $123.59 million.
2. Business segment results
The company said softness in its Las Vegas destination business and construction disruption at Suncoast weighed on results. Midwest & South revenue and adjusted gaming revenue grew, while the remainder of its Las Vegas Locals properties achieved revenue and Adjusted EBITDAR growth. Online Adjusted EBITDAR grew by double digits, driven by strength in online casino gaming.
3. No financial guidance
Boyd Gaming did not provide specific financial guidance for upcoming quarters or the full year in its press release.




