The earnings call reflected a generally positive sentiment with strong performance and growth in key segments, notably Las Vegas and Macau, despite some challenges such as low VIP hold in Macau and midweek softness in Las Vegas.

Company Guidance

During the Wynn Resorts Second Quarter 2025 Earnings Call, guidance was provided on several key metrics. Wynn Las Vegas reported a 2% year-over-year increase in EBITDAR, reaching nearly $235 million, which would have been $246 million with adjusted hold. Total casino revenues increased by 14.5%, while REVPAR grew by over 1%. The Macau operations generated $266 million in VIP normalized EBITDAR, despite a $13 million impact due to lower-than-normal VIP holds. The company also announced ongoing capital projects, including a $330 million Encore Tower Remodel in Las Vegas, set to begin in spring 2026. In addition, Wynn Al Marjan Island is progressing rapidly, with the tower expected to top out later this year. The company maintains a strong liquidity position with $3.6 billion in global cash and revolver availability, and continues to return capital to shareholders through dividends and share repurchases, including $158 million in stock buybacks during the second quarter.

Record EBITDAR in Las Vegas

Wynn Las Vegas achieved a new second quarter record for EBITDAR, up 2% year-over-year to nearly $235 million, with an adjusted figure of $246 million.

Strong Casino Revenue Growth

Total casino revenues grew by 14.5% year-over-year in Las Vegas, driven by increases in both drop and handle.

Positive Outlook for 2026

The forward booking pace in Las Vegas accelerated, with group and convention business looking strong for the fourth quarter and 2026, which is expected to be a record year for group room nights and revenues.

Encouraging Macau Performance

Macau generated $266 million in VIP normalized EBITDAR, despite unfavorable VIP hold affecting EBITDAR by nearly $13 million. July showed volume acceleration despite weather disruptions.

Wynn Al Marjan Island Progress

Construction on Wynn Al Marjan Island is progressing rapidly with the 61st floor being poured and key food and beverage partnerships finalized. The project is on track for its targeted opening date.

Strong Financial Position

The company has a robust liquidity position with $3.6 billion in global cash and revolver availability, alongside a healthy consolidated net leverage ratio of just under 4.4x.

Wynn Resorts (WYNN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WYNN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	1.02 / -	0.9	―	―	―
Aug 07, 2025	2025 (Q2)	1.20 / 1.09	1.12	-2.68% (-0.03)
May 06, 2025	2025 (Q1)	1.28 / 1.07	1.59	-32.70% (-0.52)
Feb 13, 2025	2024 (Q4)	1.34 / 2.42	1.91	26.70% (+0.51)
Nov 04, 2024	2024 (Q3)	1.04 / 0.90	0.99	-9.09% (-0.09)	―
Aug 06, 2024	2024 (Q2)	1.14 / 1.12	0.91	23.08% (+0.21)	―
May 07, 2024	2024 (Q1)	1.29 / 1.59	0.29	448.28% (+1.30)	―
Feb 07, 2024	2023 (Q4)	1.15 / 1.91	-1.23	255.28% (+3.14)	―
Nov 09, 2023	2023 (Q3)	0.74 / 0.99	-1.2	182.50% (+2.19)	―
Aug 09, 2023	2023 (Q2)	0.64 / 0.91	-0.82	210.98% (+1.73)	―

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

WYNN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$106.98	$106.17	-0.76%
May 06, 2025	$83.12	$83.71	+0.71%
Feb 13, 2025	$79.86	$88.15	+10.38%
Nov 04, 2024	$94.67	$85.83	-9.34%

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.