Wynn Resorts Q1 2023 Earnings Report
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.
Wynn Resorts
Wynn Resorts
Wynn Resorts Revenue by Segment
Wynn Resorts 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