Key Highlights

  • Operating revenues were USD 1,689.1 million versus USD 1,833.7 million, a decrease of 7.9% for the third quarter.
  • Net income attributable to Wynn Resorts was USD 17.3 million, and diluted Net Income per share was USD 0.17.
  • Casino revenues decreased USD 124.2 million, or 10.6%, largely driven by lower gaming volumes across all properties.
  • Nine-month net income attributable increased 22.2% to USD 277.8 million, or USD 2.58 per diluted share.

Wynn Resorts, Limited (NASDAQ:WYNN) reported third quarter 2026 operating revenues of USD 1,689.1 million compared with USD 1,833.7 million, a decrease of USD 144.7 million, or 7.9%.

Net income attributable to Wynn Resorts was USD 17.3 million versus USD 88.3 million, and diluted net income per share was USD 0.17 versus USD 0.85.

Revenue and Income Detail

The decrease in operating revenues was primarily due to a decrease in casino revenues of USD 124.2 million, largely driven by lower gaming volumes across all properties. Casino revenues were USD 1,050.5 million versus USD 1,174.7 million, and total non-casino revenues were USD 638.6 million versus USD 659.0 million. Casino revenues were 62.2% of operating revenues versus 64.1%, and non-casino revenues were 37.8% versus 35.9%.

The decrease in net income attributable was primarily attributable to a USD 132.3 million decrease in operating income, largely due to lower casino revenues partially offset by lower casino expenses. This was partially offset by a decrease in the provision for income taxes, which was USD 5.6 million versus USD 61.1 million.

Room revenues decreased USD 9.0 million, primarily due to fewer rooms available at Las Vegas Operations because of room remodels. Food and beverage revenues decreased USD 4.3 million, largely as a result of the closure of certain outlets at Encore Boston Harbor due to an ongoing labor dispute. Entertainment, retail and other revenues decreased USD 7.1 million, mainly due to lower entertainment venue sales at Las Vegas Operations. The provision for Credit losses was USD 9.0 million versus USD 4.5 million.

Nine-Month Results

For the nine months, operating revenues were USD 5,402.7 million versus USD 5,271.9 million, an increase of USD 130.8 million, or 2.5%. Net income attributable to Wynn Resorts was USD 277.8 million versus USD 227.3 million, an increase of 22.2%, and diluted net income per share was USD 2.58 versus USD 2.18, an increase of 18.3%.

Expense Detail

Casino expense decreased USD 14.1 million at Wynn Palace and USD 9.7 million at Wynn Macau, primarily due to lower gaming tax expense. Food and beverage expense decreased USD 3.7 million at Encore Boston Harbor largely due to the closure of certain outlets amid the labor dispute, and entertainment, retail and other expense decreased USD 4.6 million, primarily due to lower entertainment production costs at Las Vegas Operations.

Pre-opening expense decreased USD 4.6 million, primarily due to lower costs associated with Wynn Al Marjan Island. Depreciation and amortization expense increased USD 11.2 million at Las Vegas Operations from property enhancements and maintenance capital expenditures. Interest expense, net of amounts capitalized, decreased USD 5.8 million, while the weighted average Interest Rate increased from 6.08% to 6.23%. Reported detail: Casino revenues decreased USD 124.2 million, or 10.6%, largely driven by lower gaming volumes across all properties.