Shares of gaming and hospitality company Boyd Gaming (NYSE:BYD)
jumped 6.8% in the morning session after the company reported strong first-quarter 2025 results, with revenue, EBITDA, and earnings per share all coming in above Wall Street's expectations, despite weather disruptions and a tough comparison to last year's leap year bump. The real story was the 20% jump in online segment revenue, now a vital part of Boyd's growth engine, fueled by higher contributions from digital casino games.
Overall, this quarter had some key positives.
Gaming and hospitality company Boyd Gaming (NYSE:BYD) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 3.2% year on year to $991.6 million. Its non-GAAP profit of $1.62 per share was 6.3% above analysts’ consensus estimates.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the casino operator stocks, including Golden Entertainment (NASDAQ:GDEN) and its peers.
BofA Securities analyst expects cautious tone from gaming operators due to US/China tensions and lowered estimates for Macau and Vegas. Stocks down 12% YTD.
Gaming and lodging stocks are under pressure as recession risks mount, BofA Securities reports. With tariffs weighing on GDP, analysts warn of a potential 3%–8% EBITDA hit. Hotel and timeshare sectors remain the most exposed, while REITs and Gaming OpCos face heightened earnings risk. Stocks are now trading at their lowest valuations since the COVID-19 and GFC downturns.
As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the casino operator industry, including Boyd Gaming (NYSE:BYD) and its peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Bally's (NYSE:BALY) and the rest of the casino operator stocks fared in Q4.
Boyd Gaming currently trades at $69.26 and has been a dream stock for shareholders. It’s returned 497% since March 2020, more than tripling the S&P 500’s 149% gain. The company has also beaten the index over the past six months as its stock price is up 8.2% thanks to its solid quarterly results.
Wolfe Research sees Tesla stock as significantly overvalued. Its analysts favour a short position in TSLA at current levels. Tesla stock is currently up over 100% versus 10 months ago.
