Wynn Resorts Q2 2021 Earnings Report

Wynn Resorts reported an increase in operating revenues and a reduced net loss compared to the second quarter of 2020.

Key Takeaways

Wynn Resorts, Limited reported strong performance in the second quarter of 2021, with significant increases in operating revenues across its properties compared to the same period in 2020. The company's U.S. operations showed particularly strong recovery, with Adjusted Property EBITDA well above pre-pandemic levels. While Macau experienced some challenges, there was encouraging demand during the May holiday period.

Operating revenues increased to $990.1 million, up from $85.7 million in the second quarter of 2020.

Net loss attributable to Wynn Resorts, Limited was $131.4 million, a significant improvement from the $637.6 million loss in the second quarter of 2020.

Adjusted Property EBITDA increased substantially across the company's integrated resort properties.

WynnBET online casino and sports betting app is available in six states, with further launches planned.

Total Revenue

$990M

Previous year: $85.7M

+1055.4%

EPS

-$1.12

Previous year: -$6.14

-81.8%

Adj. Property EBITDAR

$207M