Boyd Gaming Corporation reported a significant increase in its financial performance for the second quarter of 2025, with total revenues reaching $1.034 billion, up 6.9% from $967.5 million in the same quarter of 2024. The company's net income attributable to Boyd Gaming was $151.5 million, a 8.3% increase compared to $139.8 million in the prior year. For the first half of 2025, total revenues were $2.026 billion, reflecting a 5.1% rise from $1.928 billion in the first half of 2024. The basic net income per share also increased to $1.84 from $1.47 year-over-year.
In terms of operational metrics, Boyd Gaming's gaming revenue for the second quarter was $671.5 million, a 3.5% increase from $650.8 million in the previous year. Online gaming revenue saw a notable rise, increasing by 33% to $173.1 million from $129.9 million. The company also reported a slight decline in room revenue, which fell to $51.5 million from $52.6 million, while food and beverage revenue increased to $78.2 million from $77.0 million. The overall operating income for the second quarter was $242.4 million, compared to $227.1 million in the same period last year.
Strategically, Boyd Gaming has been active in expanding its market presence. The company recently entered into a definitive agreement to sell its 5% equity interest in FanDuel for approximately $1.755 billion, which is expected to close in the third quarter of 2025, subject to regulatory approvals. This transaction will also involve new commercial arrangements that will allow Boyd to operate its sportsbooks independently while utilizing FanDuel's data feeds. Additionally, Boyd Gaming has extended its master lease agreements for several properties, ensuring operational continuity.
The company’s total assets increased to $6.56 billion as of June 30, 2025, compared to $6.39 billion at the end of 2024. This growth was supported by an increase in property and equipment, which rose to $2.82 billion from $2.68 billion. Boyd Gaming's long-term debt also increased to $3.52 billion, up from $3.13 billion, reflecting ongoing investments in its properties and operations. The company reported a total employee headcount of approximately 25,000, consistent with its operational scale.
Looking ahead, Boyd Gaming anticipates continued growth driven by its strategic initiatives and market expansion efforts. The company expects to benefit from the upcoming launch of the Norfolk Casino, which is projected to open in late 2025, and the ongoing development of its online gaming operations. Boyd Gaming remains focused on enhancing its customer experience and operational efficiency to maintain its competitive edge in the gaming industry.
About BOYD GAMING CORP
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