Overview
- Wynn reported third-quarter operating revenue of $1.83 billion, up $140.4 million year over year, with net income attributable of $88.3 million led by strong Macau EBITDA.
- Adjusted earnings per share came in at $0.86 versus the $1.17 analysts expected, signaling limited flow-through from top-line growth.
- Las Vegas operations delivered $621.0 million in revenue and $203.4 million in adjusted property EBITDAR as the company leaned into premium pricing for high-end guests.
- Management highlighted sharp room-rate spikes around the Nov. 20–22 F1 Las Vegas Grand Prix and projected a loss of about 80,000 room nights next year during an Encore tower renovation.
- The company invested $93.9 million in the quarter in its Wynn Al Marjan Island project, bringing total contributions to $835 million, with opening targeted for early 2027.