David Strau
Vice President of Corporate Communications
Replay available
Boyd Gaming Corporation (BYD) Q4 2025 Earnings Call
Boyd Gaming Corporation (NYSE: BYD) Q4 2025 earnings conference call, held 2026-02-05. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Keith Smith
President & Chief Executive Officer
Josh Jordan
Executive Vice President & Chief Financial Officer
Patrick Keogh
Analyst, Truist Securities
David Katz
Analyst, Jefferies
Ben Chaiken
Analyst, Mizuho Securities
Max Marsh
Analyst, CBRE (on behalf of John DeCree)
Jordan Bender
Analyst, Citizens Bank
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Boyd Gaming Corporation.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.323 25 earnings conference call. My name is David Strau, Vice President of Corporate 00:00:05.323 -- 00:00:09.833 Communications for Boyd Gaming. I will be the moderator for today's call, which we are 00:00:09.833 -- 00:00:13.922 hosting on Thursday, February 5th, 2026. 00:00:13.922 -- 00:00:16.563 At this time, all... 00:01:21.689 -- 00:01:24.530 available at investors.boydgaming.com. 00:01:26.054 -- 00:01:30.579 We do not provide a reconciliation of forward-looking non-GAAP financial measures due 00:01:30.579 -- 00:01:34.763 to our inability to project special charges and certain expenses. 00:01:34.763 -- 00:01:38.768 Today's call is being webcast live at boydgaming.com 00:01:38.768 -- 00:01:43.273 and will be available for replay in the investor relations section of our website shortly 00:01:43.273 -- 00:01:47.497 after the completion of this call. With that, I would now like to turn the call over 00:01:47.497 -- 00:01:50.080 to Keith Smith. Keith? 00:01:50.080 -- 00:01:52.520 Thank you, David. Good afternoon, everyone. 00:01:52.520 -- 00:01:57.545 2025 was another successful year for our company as we continued to build upon our 00:01:57.545 -- 00:02:02.230 strong foundation, position our company for further growth, and deliver long-term value 00:02:02.230 -- 00:02:04.072 for our shareholders. 00:02:04.072 -- 00:02:09.117 For the full year, our operations continued their steady performance as we achieved record 00:02:09.117 -- 00:02:14.462 company-wide revenues. EBITDA for the year was approximately $1.4 billion, 00:02:14.462 -- 00:02:17.285 while property-level margins were 40%, 00:02:17.285 -- 00:02:20.587 both consistent with last year's. 00:02:20.870 -- 00:02:25.376 These results were supported by our diversified operations, co...