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Mar 31, 2023
Wynn Resorts Q1 2023 Earnings Report
Wynn Resorts reported strong financial results for Q1 2023, with each resort generating significant revenue and Adjusted Property EBITDAR.
Key Takeaways
Wynn Resorts reported a strong first quarter in 2023, marked by significant increases in operating revenues and a return to profitability. The company saw substantial growth in its Macau operations and record performance in North America. The company also reinstated its quarterly dividend program.
Operating revenues increased to $1.42 billion, up from $953.3 million in Q1 2022.
Net income attributable to Wynn Resorts was $12.3 million, a significant improvement from a net loss of $183.3 million in Q1 2022.
Adjusted Property EBITDAR reached $429.7 million, compared to $177.6 million in the previous year.
The company resumed its quarterly dividend program, declaring a cash dividend of $0.25 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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