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Wynn Resorts (DE:WYR)
XETRA:WYR
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.1Last Year’s EPS
0.92Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial picture: strong adjusted EBITDA across core assets (Wynn Las Vegas, Macau, Boston), significant volume growth in Macau (VIP turnover +48%, mass drop +18%), healthy liquidity ($4.7B) and continued capital returns (quarterly dividend). The company is advancing major development projects (Wynn Al Marjan topped out; Chairman's Club expansion opened) and expects meaningful geographic diversification. Primary negatives were volatility from unusually low hold (costing roughly $16M in Macau EBITDA and ~250 bps lower mass hold), rising operating expenses (Vegas OpEx per day +4.1% YoY), and a temporary room-night headwind from the Encore Tower remodel (~80,000 room nights removed in 2026). Overall, the positives (strong volumes, liquidity, project progress, and shareholder returns) outweigh the transitory weaknesses driven largely by hold variability and scheduled capital projects.Company Guidance
Strong Wynn Las Vegas Performance
Adjusted property EBITDA of $240,800,000 on operating revenue of $688,100,000 in Q4 2025; EBITDA margin 35%. Gaming drop, handle, and ADR were up year-over-year; RevPAR modestly below prior year but overall performance reflects revenue optimization (higher ADR with slightly lower occupancy). Hold positively impacted EBITDA by just over $8,000,000 in the quarter.
Robust Macau Volumes and EBITDA
Macau delivered adjusted property EBITDA of $270,900,000 on $967,700,000 of operating revenue (28% EBITDA margin) in Q4. VIP turnover increased 48% year-over-year and mass drop rose 18% year-over-year. Momentum continued into Q1 with January volumes slightly above Q4 levels.
Strong Boston Results and Operational Discipline
Encore Boston generated $57,000,000 of adjusted EBITDA on $210,200,000 of revenue (27.1% EBITDA margin). Slot revenues were up over 2%, setting a new record. OpEx per day in Boston rose less than 1% versus Q4 2024, demonstrating tight cost control amid labor pressures.
Solid Liquidity and Balance Sheet
Global cash and revolver availability of $4.7 billion as of December 31, comprised of $2.9 billion in Macau and $1.8 billion in the U.S. Consolidated net leverage approximately just over 4.4x, supported by strong free cash flow and adjusted property EBITDA across the portfolio exceeding $2.2 billion.
Capital Allocation and Shareholder Return
Board approved a quarterly cash dividend of $0.25 per share payable 03/04/2026, highlighting commitment to returning capital. Q4 CapEx was $171.2 million and the company contributed $79.2 million of equity to the Buenos Aires Island project in the quarter.
Progress on Wynn Al Marjan and Global Diversification
Wynn Al Marjan tower topped out at the 70th floor; exterior glass ~80% complete and interior fit-out underway. Construction loan drawn to date $769.6 million; total equity contributed to Buenos Aires Island project to date $914.2 million. Company expects >55% of revenues from non-U.S. dollar markets over time, positioning for geographic diversification.
Chairman's Club Expansion at Wynn Palace
Expansion of the Chairman's Club triples the space to nearly 100,000 sq ft (previously referenced as a 63,000 sq ft addition) dedicated to highest-value customers, including gaming and bespoke amenities; received final government approval and opened by Chinese New Year, expected to enhance premium capture in Macau.
Guidance and CapEx Outlook for 2026
Full-year 2026 CapEx expected to be $400–$450 million, reflecting ongoing projects (Chairman's Club, Wynn Tower refresh) and concession-related projects subject to approvals. Management reiterated OpEx guidance ranges: Wynn Las Vegas $4.3M–$4.5M per day outside major events; Macau OpEx per day $2.7M–$2.9M.
DE:WYR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:WYR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | €94.16 | €93.32 | -0.89% |
Nov 06, 2025 | €107.86 | €106.03 | -1.70% |
Aug 07, 2025 | €90.76 | €90.31 | -0.50% |
May 06, 2025 | €72.74 | €73.55 | +1.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Wynn Resorts (DE:WYR) report earnings?
Wynn Resorts (DE:WYR) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Wynn Resorts (DE:WYR) earnings time?
Wynn Resorts (DE:WYR) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Wynn Resorts stock?
The P/E ratio of Wynn Resorts is N/A.
What is DE:WYR EPS forecast?
DE:WYR EPS forecast for the fiscal quarter 2026 (Q1) is 1.1.
