Quarterly ResultMay 7, 2026, 04:54 PM
Wynn Resorts Q1 Net Income +65.6% to $120.5M; EPS $1.17
AI Summary
Wynn Resorts reported a significant increase in net income for the first quarter of 2026, rising 65.6% to $120.5 million, with diluted EPS reaching $1.04. Total operating revenues grew by 9.2% to $1.86 billion, driven by a 13.2% increase in casino revenue. The company also declared a quarterly cash dividend of $0.25 per share and repurchased $53.8 million of common stock during the quarter.
Key Highlights
- Net income attributable to Wynn Resorts, Limited increased 65.6% to $120.5 million.
- Diluted net income per common share rose to $1.04 from $0.69 in Q1 2025.
- Total operating revenues grew 9.2% to $1.86 billion for the quarter.
- Casino revenue increased 13.2% to $1.18 billion.
- Net cash provided by operating activities was $153.5 million, up 14.7% YoY.
- Repurchased $53.8 million of common stock, with $401.1 million repurchase authority remaining.
- Declared a cash dividend of $0.25 per share, payable May 29, 2026.
- Loss on investments in unconsolidated affiliates was $7.5 million.
Price Impact
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