Overview
- Wynn posted third-quarter revenue of $1.834 billion, up 8.3% year over year, and swung to net income of $128.5 million, or $0.85 per share.
- Las Vegas operations delivered $621.0 million in revenue and $203.4 million in adjusted property EBITDAR, both above 2024 levels.
- Management highlighted ‘impressive’ EBITDA growth in Macau, citing healthy market share and a significant increase in mass table drop.
- Adjusted EPS of roughly $0.85–$0.86 missed analyst expectations of about $1.15–$1.17 despite the revenue beat.
- The company flagged the loss of about 80,000 room nights in 2026 during an Encore tower renovation and reported continued progress on Wynn Al Marjan Island, which is pouring the final tower floors for an early-2027 opening.