Boyd Gaming Corporation

Shares of Airbnb, Inc. performed well in the quarter following strong second quarter results that exceeded expectations and a confident outlook for sustained growth acceleration. Shares of Mohawk contributed to performance this quarter, driven by optimism around the company's leadership transition as well as strong second quarter earnings results. Following strong share price performance in the first six months of 2026 when its shares gained 38% through June 30, 2026, the shares of PENN Entertainment, Inc. detracted from performance during the quarter amid broad weakness in gaming stocks.

Boyd Gaming returned $180 million to shareholders in the third quarter. The company targets $150 million in share repurchases every quarter.

Boyd Gaming Corporation ( BYD ) Q3 2026 Earnings Call October 22, 2026 5:00 PM EDT Company Participants David Strow - Vice President of Corporate Communications Keith Smith - President, CEO & Director Josh Hirsberg - Executive VP, CFO & Treasurer Conference Call Participants Steven Pizzella - Deutsche Bank AG, Research Division Steven Wieczynski - Stifel, Nicolaus & Company, Incorporated, Research Division Barry Jonas - Truist Securities, Inc., Research Division Daniel Politzer - JPMorgan Chase & Co, Research Division David Bain Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Joseph Stauff - Susquehanna Financial Group, LLLP, Research Division Elizabeth Dove - Goldman Sachs Group, Inc., Research Division Raymond Bowers - Wells Fargo Securities, LLC, Research Division David Katz - Jefferies LLC, Research Division Chad Beynon - Macquarie Research Brandt Montour - Barclays Bank PLC, Research Division John DeCree - CBRE Securities, LLC, Research Division Presentation David Strow Vice President of Corporate Communications Good afternoon, and welcome to the Boyd Gaming Third Quarter 2026 Earnings Conference Call. This is David Strow, Vice President of Corporate Communications for Boyd Gaming.

Boyd Gaming NYSE: BYD said its third-quarter performance reflected continued strength among core customers, growth in its Midwest and South operations, and double-digit gains from its online business, though reported company-wide revenue and EBITDA each declined about 1% amid property sales, closures and softer destination travel to Las Vegas.