The invention relates to the technical field of boiling beds, in particular to a boiling bed reactor. The boiling bed reactor comprises a reactor cylinder, a three-phase separator is arranged at the upper side inside the reactor cylinder, a gas-liquid distributor is arranged at the lower side inside the reactor cylinder and comprises a material distributing pipe, an upper tray and a lower tray, the upper tray and the lower tray form a dual-layer tray structure, gaps are formed by the upper tray and the lower tray, the material distributing pipe penetrates through the upper tray and the lower tray, a hood is arranged at an upper end opening of the material distributing pipe, a pipe wall opened hole is formed in the portion, between the upper tray and the lower tray, of the material distributing pipe, and a circulating oil reactor inlet is further formed between the upper tray and the lower tray. By means of the boiling bed reactor, a solid catalyst which is separated from the three-phase separator is settled in the radial center area of the reactor and flows back into the reactor, the problem that when the three-phase separator is filled with a large dosage of catalyst, the settlingand backflow resistance of the catalyst is large is solved, and it is guaranteed that the three-phase separator still has a good separating effect when filled with a large dosage of catalyst.