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LAS VEGAS , April 24, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) today reported financial results for the first quarter ended March 31, 2025. Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "During the first quarter, we achieved revenue and Adjusted EBITDAR growth on both a Companywide and property-level basis, maintaining property operating margins of 40% – an impressive performance by our Company, considering the impact of severe weather this year across our Midwest & South segment, as well as difficult comparisons to Leap Year.
BYD's first-quarter top line is likely to have been aided by increased visitation, and the robust performances of the Online and Room businesses.
Boyd (BYD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Beyond analysts' top -and-bottom-line estimates for Boyd (BYD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Boyd (BYD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The management team is savvy and the strategic 5% stake in Flutter Entertainment highlights the stock's strong position in the online sports betting sector. DraftKings and Fan Duel lead the market, but only BetMGM has achieved a double-digit market share among other platforms. Penn Entertainment's failed Barstool Sports partnership and subsequent ESPNBet deal underscore the challenges in the sports betting market.
Boyd (BYD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
While many investors hold great respect for Warren Buffett, they may also view him as more of a traditional investor. But the Oracle of Omaha is not afraid to buy trendy technology and artificial intelligence stocks if he thinks they meet his well-known criteria of being wonderful companies at fair prices.
LAS VEGAS , April 1, 2025 /PRNewswire/ -- Boyd Gaming Corporation (NYSE: BYD) announced that the conference call to review the Company's first-quarter 2025 results will take place on Thursday, April 24, 2025, at 5:00 p.m. Eastern. The conference call number is (800) 836-8184.
BYD's emphasis on property upgrades and strategic investments bodes well for its long-term growth prospects. However, high costs remain a concern.