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Dec 31, 2021
Wynn Resorts Q4 2021 Earnings Report
Reported financial results with operating revenues increasing by 53.5% and record Adjusted Property EBITDA at Wynn Las Vegas and Encore Boston Harbor.
Key Takeaways
Wynn Resorts, Limited reported financial results for the fourth quarter and year ended December 31, 2021. Operating revenues were $1.05 billion for the fourth quarter of 2021, an increase of 53.5% from $686.0 million for the fourth quarter of 2020. Net loss attributable to Wynn Resorts, Limited was $177.2 million for the fourth quarter of 2021, compared to net loss attributable to Wynn Resorts, Limited of $269.5 million in the fourth quarter of 2020. Adjusted Property EBITDA was $149.1 million for the fourth quarter of 2021, compared to Adjusted Property EBITDA of $69.8 million in the fourth quarter of 2020.
Operating revenues increased by 53.5% to $1.05 billion for the fourth quarter of 2021.
Net loss attributable to Wynn Resorts, Limited was $177.2 million, or $1.54 per diluted share, for the fourth quarter of 2021.
Adjusted Property EBITDA was $149.1 million for the fourth quarter of 2021.
Wynn Las Vegas and Encore Boston Harbor delivered record Adjusted Property EBITDA.
Revenue by Segment
Forward Guidance
Company expects to receive cash consideration of $1.7 billion from sale-leaseback arrangement with respect to certain real estate assets related to Encore Boston Harbor. The lease agreement provides for an initial annual minimum rent of $100 million for an initial term of 30 years, subject to certain annual rent escalations and renewal provisions.
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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