Loading...
•
Jun 30, 2023
Wynn Resorts Q2 2023 Earnings Report
Reported an increase in operating revenues and a shift from net loss to net income, driven by strong performance in North America and Macau.
Key Takeaways
Wynn Resorts reported strong second-quarter results, with operating revenues increasing to $1.60 billion and net income attributable to Wynn Resorts, Limited reaching $105.2 million, a significant improvement from the previous year's net loss. Adjusted Property EBITDAR also saw a substantial increase, reflecting continued strength in both North American and Macau operations.
Operating revenues increased by $687.0 million to $1.60 billion compared to Q2 2022.
Net income attributable to Wynn Resorts, Limited was $105.2 million, a turnaround from a net loss of $130.1 million in Q2 2022.
Adjusted Property EBITDAR increased by $345.3 million to $524.5 million compared to Q2 2022.
Construction has begun on Wynn Al Marjan Island, expected to be a major tourism destination in the UAE.
Revenue by Segment
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
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...