Earnings summaries and quarterly performance for WYNN RESORTS.
Executive leadership at WYNN RESORTS.
Board of directors at WYNN RESORTS.
Research analysts who have asked questions during WYNN RESORTS earnings calls.
DK
David Katz
Jefferies Financial Group Inc.
7 questions for WYNN
Also covers: AGS, BALY, BYD +36 more
John DeCree
CBRE
7 questions for WYNN
Also covers: BYD, CZR, FLL +10 more
RF
Robin Farley
UBS
7 questions for WYNN
Also covers: CCL, CHH, CUK +17 more
Brandt Montour
Barclays PLC
5 questions for WYNN
Also covers: BALY, BYD, CCL +23 more
CB
Chad Beynon
Macquarie
5 questions for WYNN
Also covers: ACEL, AGS, AMC +31 more
Stephen Grambling
Morgan Stanley
5 questions for WYNN
Also covers: BC, BYD, CHH +23 more
SW
Steven Wieczynski
Stifel
4 questions for WYNN
Also covers: BYD, CCL, CUK +11 more
Steve Pizzella
Deutsche Bank
4 questions for WYNN
Also covers: ACEL, BYD, CZR +7 more
BC
Ben Chaiken
Mitsui
3 questions for WYNN
Also covers: BYD, CCL, CHDN +10 more
CS
Carlo Santarelli
Deutsche Bank
3 questions for WYNN
Also covers: BYD, CZR, DKNG +6 more
DP
Daniel Politzer
Wells Fargo
3 questions for WYNN
Also covers: BYD, CCL, CHDN +20 more
DP
Dan Politzer
Wells Fargo
3 questions for WYNN
Also covers: BYD, CHDN, CHH +10 more
LD
Lizzie Dove
Goldman Sachs
3 questions for WYNN
Also covers: CAR, CCL, CHH +13 more
SK
Shaun Kelley
Bank of America Merrill Lynch
3 questions for WYNN
Also covers: BYD, CHDN, CHH +17 more
BC
Benjamin Chaiken
Mizuho Financial Group, Inc.
2 questions for WYNN
Also covers: BYD, CCL, CHDN +14 more
TB
Trey Bowers
Wells Fargo & Company
2 questions for WYNN
Also covers: CHDN, CHH, CZR +7 more
BM
Brant Montour
Barclays
1 question for WYNN
Also covers: LVS, VIK
JG
Joseph Greff
JPMorgan Chase & Co.
1 question for WYNN
Also covers: BYD, CHH, CZR +10 more
JS
Joseph Stauff
Susquehanna Financial Group, LLLP
1 question for WYNN
Also covers: BYD, CHDN, DKNG +9 more
SK
Shawn Kelly
Bank of America Corporation
1 question for WYNN
SW
Steve Wieczynski
Stifel Financial Corp.
1 question for WYNN
Also covers: BYD, CCL, FUN +4 more
Recent press releases and 8-K filings for WYNN.
Wynn Resorts reports Q4 2025 results
WYNN
Earnings
CFO Change
New Projects/Investments
- In Q4 2025, Wynn Las Vegas delivered $241 million EBITDA, Encore Boston Harbor generated $57 million EBITDAR, and Macau operations posted $271 million EBITDA despite a $16 million headwind from unusually low VIP hold.
- As of December 31, global cash and revolver availability totaled $4.7 billion, driving a consolidated net leverage ratio of 4.4×, and the board approved a $0.25 per share quarterly dividend payable March 4, 2026.
- CFO Julie Cameron-Doe will retire before the next earnings call after four years leading the finance organization.
- Wynn Al Marjan Island topped out at the 70th floor, with interior fit-out underway and ~80% of exterior glass installed; in Macau, a 63,000 sq ft Chairman’s Club at Wynn Palace opened for Chinese New Year.
- For 2026, group and convention bookings are tracking above 2025 levels, though the Encore Tower remodel will remove ~80,000 room nights, and full-year CapEx is guided at $400–$450 million.
Feb 12, 2026, 9:30 PM
Wynn Resorts reports Q4 2025 results
WYNN
Earnings
Dividends
CFO Change
- For Q4 2025, Wynn delivered adjusted property EBITDA across its major operations: Wynn Las Vegas $240.8 M (35 % margin) on $688.1 M revenue; Encore Boston Harbor $57 M (27.1 % margin) on $210.2 M; and Macau $270.9 M (28 % margin) despite a ~$16 M hold headwind.
- Consolidated 2025 adjusted property EBITDA exceeds $2.2 B, with global liquidity of $4.7 B and consolidated net leverage at just over 4.4× as of December 31, 2025.
- In Q4, Wynn spent $171.2 M on CapEx and contributed $79.2 M of equity to Wynn Al Marjan Island (total equity to date $914.2 M; remaining required equity $450–550 M); Al Marjan tower topped out at the 70th floor with interior fit-out underway and exterior glass ~80 % complete.
- The Board approved a quarterly cash dividend of $0.25 per share payable March 4, 2026; CFO Julie Cameron-Doe will retire before the next earnings call.
Feb 12, 2026, 9:30 PM
Wynn Resorts reports Q4 2025 earnings
WYNN
Earnings
Guidance Update
Share Buyback
- Q4 2025 Adjusted Property EBITDAR of $569 M (30.5% margin) compared with $619 M (33.7%) in 4Q24.
- Las Vegas EBITDAR of $241 M (35.0% margin), Macau $271 M (28.0%), Encore Boston Harbor $57 M (27.1%).
- Table games, slots & poker wins: Las Vegas $312 M, Macau $992 M, Encore Boston Harbor $178 M; Macau VIP turnover rose 47.8% to $6,140 M.
- 2026 capex guidance: $750–850 M domestic, $400–450 M Macau; cash interest estimated at $270–290 M domestic and $320–340 M Macau.
- Returned $1.4 B to shareholders since 2022 via $1.1 B repurchases and $300 M dividends through 12/31/2025.
Feb 12, 2026, 9:30 PM
Wynn Resorts reports Q4 2025 results and global diversification strategy
WYNN
Earnings
Dividends
Guidance Update
- Wynn is on track to generate over 55% of revenues from non-USD markets following the opening of Wynn Al Marjan Island, reflecting its shift toward a more geographically diversified portfolio.
- Q4 adjusted property EBITDA totaled $240.8 M at Wynn Las Vegas (on $688.1 M revenue), $57 M in Boston (on $210.2 M), and $270.9 M in Macau (on $967.7 M), contributing to over $2.2 B of full-year 2025 adjusted property EBITDA.
- As of December 31, 2025, Wynn held $4.7 B of global cash and revolver capacity, yielding a consolidated net leverage ratio of 4.4×.
- The Board approved a $0.25 quarterly dividend per share, payable March 4, 2026, and set 2026 CapEx guidance at $400 M–$450 M, noting an 80,000-room-night headwind from the Encore Tower remodel.
Feb 12, 2026, 9:30 PM
Wynn Resorts reports Q4 and year-end 2025 results
WYNN
Earnings
Dividends
New Projects/Investments
- Operating revenues were $1.87 billion in Q4 2025 (up from $1.84 billion), with net income of $100 million (vs. $277 million) and diluted EPS of $0.82 (vs. $2.29); Adjusted Property EBITDAR was $568.8 million (vs. $619.1 million).
- For FY 2025, operating revenues reached $7.14 billion (vs. $7.13 billion), net income was $327.3 million (vs. $501.1 million) and diluted EPS $3.14 (vs. $4.35); Adjusted Property EBITDAR was $2.22 billion (vs. $2.36 billion).
- The Board declared a quarterly cash dividend of $0.25 per share, payable March 4, 2026, to holders of record on February 23, 2026.
- The Wynn Al Marjan Island development topped out in Q4, with opening planned for Q1 2027.
Feb 12, 2026, 9:04 PM
Wynn Resorts reports Q3 2025 earnings
WYNN
Earnings
Dividends
Share Buyback
- Wynn Las Vegas generated $203.4 M EBITDA on $621 M revenue (32.8% margin), with unfavorable hold of ~$8 M and a 3.1% rise in OPEX/day.
- Encore Boston Harbor delivered $58.4 M EBITDA on $211.8 M revenue (27.6% margin), driven by a 5% increase in slot revenues.
- Macau operations produced $308.3 M EBITDA on $1 B revenue (30.8% margin), including $23 M VIP-hold benefit and a 15% rise in mass volumes.
- Financial position remains strong with $4.6 B global liquidity, LTM adjusted EBITDA of $2.3 B, consolidated net leverage ~4.3x, $164 M Q3 capex, and a $0.25/share quarterly dividend approved.
- 2025 capex outlook maintained at $200–250 M; contributed $93.9 M equity to Al Marjan Island (total $835 M to date) and drawn $583.7 M on the related construction loan.
Nov 6, 2025, 9:30 PM
Wynn Resorts reports Q3 2025 results
WYNN
Earnings
Dividends
New Projects/Investments
- Wynn Resorts delivered adjusted property EBITDA of $203.4 M (32.8% margin) in Las Vegas, $58.4 M (27.6% margin) in Boston, and $308.3 M (30.8% margin) in Macau for Q3 2025.
- Global liquidity stood at $4.6 B with a consolidated net leverage of 4.3× as of September 30, 2025.
- Q3 CAPEX was $164 M, including $93.9 M equity contributed to Wynn Al Marjan Island (total to date $835 M), with remaining equity needs of $525–625 M and total 2025 CAPEX guidance of $200–250 M.
- Returned capital to shareholders via approximately $125 M in dividends in Q3 and a $0.25 per share quarterly cash dividend approved for November 2025.
Nov 6, 2025, 9:30 PM
Wynn Resorts reports Q3 2025 results
WYNN
Earnings
Share Buyback
New Projects/Investments
- Wynn Resorts reported Q3 2025 total Adjusted Property EBITDAR of $570 million at a 31.1% margin, in line with the prior year.
- Macau operations delivered $308 million of Adjusted Property EBITDAR (30.8% margin), while Las Vegas operations contributed $203 million (32.8% margin) in the quarter.
- The company has returned ~$1.4 billion to shareholders since 2022, including $1.1 billion in share repurchases and $275 million in dividends.
- Wynn Al Marjan Island is on track for an early 2027 opening and is expected to add ~$345 million of steady-state EBITDAR.
Nov 6, 2025, 9:30 PM
Wynn Resorts reports Q3 2025 results
WYNN
Earnings
Dividends
- Operating revenues of $1.83 billion, up from $1.69 billion a year ago; net income attributable of $88.3 million vs. a loss of $32.1 million, and diluted EPS of $0.85 vs. $(0.29) in Q3 2024.
- Adjusted Property EBITDAR of $570.1 million, an 8.0% increase year-over-year.
- Board declared a cash dividend of $0.25 per share, payable November 26, 2025 to holders of record as of November 17, 2025.
- Cash and cash equivalents totaled $1.49 billion and total debt was $10.57 billion as of September 30, 2025.
Nov 6, 2025, 9:05 PM
Wynn Resorts reports Q3 2025 results
WYNN
Earnings
Dividends
Debt Issuance
- Operating revenues of $1.83 billion, up $140.4 million year-over-year; net income attributable to Wynn Resorts of $88.3 million (diluted EPS $0.85 vs loss of $0.29 prior year).
- Adjusted Property EBITDAR of $570.1 million, an increase of $42.4 million from Q3 2024.
- Property performance: Wynn Palace revenues $635.5 million (+$115.7 million), Wynn Macau $365.5 million (+$13.6 million), Las Vegas Operations $621.0 million (+$13.8 million) and Encore Boston Harbor $211.8 million (–$2.4 million).
- Declared cash dividend of $0.25 per share, payable November 26, 2025.
- Balance sheet and financing: cash and equivalents of $1.49 billion, total debt of $10.57 billion; issued $1.0 billion of 6 3/4% senior notes due 2034 and increased revolver capacity by $1.0 billion.
Nov 6, 2025, 9:01 PM
Quarterly earnings call transcripts for WYNN RESORTS.
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