Boyd Gaming met third quarter 2026 earnings estimates while Property EBITDAR outperformed despite Las Vegas softness

Boyd Gaming reported third quarter 2026 results that met earnings expectations while falling slightly short on revenue. Performance was driven by strength in the Midwest & South and Online segments, which offset destination business softness and construction disruptions in Las Vegas.

Key Highlights

• Property EBITDAR reached $342.6 million, exceeding analyst expectations of $335 million despite a 1.4% decline in total revenues to $990.5 million.
• Las Vegas Locals segment performance was mixed, with revenue and Adjusted EBITDAR growth of 3% across most properties, offset by construction disruption at Suncoast and destination softness at The Orleans.
• The Online segment achieved double-digit Adjusted EBITDAR growth, while Managed & Other results benefited from increased management fees following the Sky River expansion.
• Capital returns remained a priority, with the company returning nearly $180 million to shareholders during the quarter through $164 million in share repurchases and a $0.20 per share dividend.