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Jun 30, 2022
Wynn Resorts Q2 2022 Earnings Report
Wynn Resorts reported a decrease in operating revenues but showed strength in Wynn Las Vegas and Encore Boston Harbor, while Macau operations were impacted by COVID-related restrictions.
Key Takeaways
Wynn Resorts' Q2 2022 results reflect continued strength in Wynn Las Vegas and Encore Boston Harbor, which achieved record Adjusted Property EBITDA. However, Macau operations were significantly impacted by COVID-related travel restrictions, leading to a decrease in overall operating revenues compared to Q2 2021.
Operating revenues decreased by $81.3 million compared to Q2 2021, totaling $908.8 million.
Net loss attributable to Wynn Resorts, Limited was $130.1 million, or $1.14 per diluted share.
Adjusted Property EBITDA was $179.2 million, a decrease from $206.9 million in Q2 2021.
Wynn Las Vegas and Encore Boston Harbor showed continued strength, achieving record Adjusted Property EBITDA.
Revenue by Segment
Forward Guidance
The Company expects to receive cash consideration of approximately $1.7 billion from a sale-leaseback arrangement related to Encore Boston Harbor, expected to close in the fourth quarter of 2022.
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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