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Sep 30, 2021
Wynn Resorts Q3 2021 Earnings Report
Reported an increase in operating revenues compared to Q3 2020, driven by improved performance across its properties, with record Adjusted Property EBITDA at Wynn Las Vegas and Encore Boston Harbor.
Key Takeaways
Wynn Resorts, Limited reported operating revenues of $994.6 million for the third quarter of 2021, a significant increase from $370.5 million in the third quarter of 2020. The net loss attributable to Wynn Resorts, Limited was $166.2 million, or $1.45 per diluted share, for the third quarter of 2021, compared to a net loss of $758.1 million, or $7.10 per diluted share, in the third quarter of 2020.
Operating revenues increased by $624.2 million compared to Q3 2020, reaching $994.6 million.
Net loss attributable to Wynn Resorts, Limited improved to $166.2 million, or $1.45 per diluted share.
Adjusted Property EBITDA increased at Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor compared to Q3 2020.
Company delivered record Adjusted Property EBITDA at both Wynn Las Vegas and Encore Boston Harbor during the third quarter.
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, including, but not limited to, the recent global pandemic of COVID-19, caused by a novel strain of the coronavirus, and the continued impact of its consequences, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, general global political and economic conditions, adverse tourism trends, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development, and success of new gaming and resort properties, construction risks, cybersecurity risk and our leverage and debt service.
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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