Quarterly ResultMay 7, 2026, 04:11 PM
Wynn Resorts Q1 Revenue $1.86B, Net Income $120.5M; Declares Dividend
AI Summary
Wynn Resorts reported strong first-quarter 2026 financial results, with operating revenues increasing to $1.86 billion and net income attributable to Wynn Resorts, Limited rising to $120.5 million. The company's Board of Directors also declared a cash dividend of $0.25 per share and repurchased $53.8 million of common stock during the quarter, reflecting confidence in its business across all markets.
Key Highlights
- Q1 2026 operating revenues increased to $1.86 billion, up $156.4 million from Q1 2025.
- Net income attributable to Wynn Resorts, Limited rose to $120.5 million, up from $72.7 million YoY.
- Diluted net income per share was $1.04, compared to $0.69 in Q1 2025.
- Board declared a cash dividend of $0.25 per share, payable May 29, 2026.
- Repurchased 528,667 shares for $53.8 million in Q1 2026.
- Wynn Palace operating revenues increased by $123.4 million to $659.3 million.
- Las Vegas Operations operating revenues grew by $36.6 million to $661.9 million.
- Adjusted Property EBITDAR increased to $562.4 million, up $29.5 million YoY.