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An update from Wynn Resorts ( (WYNN) ) is now available.
Wynn Resorts announced a quarterly cash dividend and reported its financial results for the fourth quarter and full year of 2024. The company’s operating revenues remained flat at $1.84 billion for Q4 2024 compared to the previous year, while net income saw a significant drop from $729.2 million in Q4 2023 to $277.0 million in Q4 2024 due to a previous tax benefit. Despite challenges, the company achieved a full-year record in Adjusted Property EBITDAR and continued its development efforts in the UAE, along with a $200 million stock repurchase, reflecting a commitment to shareholder returns.
More about Wynn Resorts
Wynn Resorts, Limited is a prominent player in the hospitality and entertainment industry, primarily known for its luxury resorts and casinos. The company operates in key markets including Las Vegas and Macau, and is expanding its footprint with a significant development project in the UAE.
YTD Price Performance: -6.48%
Average Trading Volume: 2,291,327
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.61B
Find detailed analytics on WYNN stock on TipRanks’ Stock Analysis page.
