Boyd Gaming Corporation reported fourth-quarter 2024 revenues of $1.0 billion, an increase from $954.4 million in the fourth quarter of 2023. The company's net income for the quarter was $170.5 million, or $1.92 per share, compared to $92.6 million, or $0.94 per share, in the prior-year period, which was impacted by $103.3 million in impairment charges.
Adjusted Earnings for the fourth quarter of 2024 were $174.7 million, or $1.96 per share, surpassing the $163.8 million, or $1.66 per share, reported in the same period in 2023. For the full year 2024, revenues reached $3.9 billion, up from $3.7 billion in 2023, with full-year Adjusted Earnings of $611.3 million, or $6.55 per share.
The company maintained property-level operating margins of over 40% and returned nearly $750 million to shareholders through its share repurchase program in 2024. The Online segment achieved strong revenue and Adjusted EBITDAR growth, while the Downtown Las Vegas and Midwest & South segments also delivered growth, contributing to the company's diversified business model.
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