Boyd Gaming reported a 16% year-on-year increase in online revenue to $169.6m in Q1 2025. Total revenue rose 3.24% to $991.6m, while net income fell to $111.4m from $136.5m a year earlier; chief executive Keith Smith said early April trends remained stable.
Operators and investors can compare online revenue growth with falling net income and stable early-April trends.
Quarter ended 30 September 2026
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Boyd Gaming reported revenue of $4.09 billion for 2025, up 4% from the previous year. Fourth-quarter revenue rose 2%, according to the report.
Boyd Gaming and MGM Resorts International were due to discuss fourth-quarter results and 2026 prospects on Thursday, according to the report. MGM had released its results earlier than planned and rescheduled its official release and investor call. Bank of America expected local casinos, including Boyd, to exceed Wall Street estimates by 2%.
Flutter reported a net loss of $789m for Q3 2025 and lowered its full-year revenue and adjusted EBITDA guidance by $570m and $380m, respectively. It attributed the revised outlook to customer-friendly sports results, increased sportsbook investment and the end of real-money gaming in India after legislative changes; the company gave midpoint forecasts of $16.69bn in revenue and $2.92bn in adjusted EBITDA.
Boyd Gaming reported net income of $1.44bn for the third quarter of 2025, compared with $131m a year earlier. The company said a $1.4bn after-tax gain from selling a 5% FanDuel stake to Flutter Entertainment drove most of the increase; adjusted net income was just under $140m.
Gaming & Leisure Properties reported first-quarter revenue of $395.2m, up 5.1%, and profit of $170.1m, down $9.1m from the year-earlier period. The company said recent acquisitions, financing arrangements and lease escalators contributed to its results; it also renewed Belterra Park's lease with Boyd Gaming through April 2031 and committed up to $150m to a casino project in Iowa.