Wynn Resorts reports Q1 EPS 69c, consensus $1.24

Reports Q1 revenue $1.70B, consensus $1.74B. Adjusted Property EBITDAR(1) was $532.9 million for the first quarter of 2025, compared to Adjusted Property EBITDAR of $646.5 million for the first quarter of 2024. “Our first quarter results reflect continued strength throughout our business,” said Craig Billings, CEO of Wynn Resorts (WYNN), Limited. “In Las Vegas, where we recently celebrated the resort’s 20th anniversary, the team delivered healthy results against a record prior year comparison which reflected the Las Vegas Super Bowl. In Macau, while VIP hold negatively impacted results, we held market share in our expected range, and announced an increased dividend from Wynn Macau, Limited, reflecting the strong free cash flow generated by the business. In addition, construction of our growth project in the UAE, Wynn Al Marjan Island, continued to advance with the hotel tower reaching the forty-seventh floor. At the same time we continued to return capital to shareholders through our regular quarterly dividend and the repurchase of $200 million of stock in the quarter.”