Wynn Resorts Q2 2023 Earnings Report
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.
Wynn Resorts
Wynn Resorts
Wynn Resorts 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