Overview

* Boyd Gaming ( BYD ) Q3 revenue of $1.0 bln beats analyst expectations

* Adjusted net income for Q3 beats estimates, driven by core customer growth

* Net income impacted by $1.4 bln gain from FanDuel equity sale

Outlook

* Company remains focused on capital allocation and maintaining a strong balance sheet

* Boyd Gaming ( BYD ) confident in long-term value creation for shareholders

Result Drivers

* CORE CUSTOMER GROWTH - Increased play from core and retail customers drove growth in gaming revenues across all segments

* MIDWEST & SOUTH PERFORMANCE - Segment delivered best Q3 revenue and Adjusted EBITDAR performance in three years

* FANDUEL TRANSACTION IMPACT - Sale of FanDuel equity interest resulted in $1.4 bln gain, affecting net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1 bln $867.30

Revenue mln (11

Analysts

)

Q3 Beat $139.10 $125.90

Adjusted mln mln (9

Net Analysts

Income )

Q3 Net $1.43

Income bln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)