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PR Newswire·

Wynn Resorts, Limited Reports First Quarter 2026 Results

WYNN
  • Wynn Resorts reported first quarter 2026 operating revenues of $1.86 billion, a $156.4 million increase from $1.70 billion in the same period in 2025.
  • Net income attributable to Wynn Resorts for Q1 2026 was $120.5 million, compared to $72.7 million in Q1 2025.
  • Diluted net income per share reached $1.04 in Q1 2026, up from $0.69 in Q1 2025.
  • Adjusted Property EBITDAR totaled $562.4 million for Q1 2026, an increase of $29.5 million from $532.9 million in Q1 2025.
  • Operating revenues at Wynn Palace increased $123.4 million to $659.3 million, while Las Vegas Operations revenues rose $36.6 million to $661.9 million.
  • Operating revenues at Encore Boston Harbor decreased $3.6 million to $205.7 million, with revenues at Wynn Macau remaining in line with the prior year at $329.9 million.
  • The company announced a cash dividend of $0.25 per share payable on May 29, 2026, to stockholders of record as of May 18, 2026.
  • Wynn Resorts repurchased 528,667 shares for an aggregate cost of $53.8 million during the quarter, leaving $401.1 million in remaining repurchase authority.
  • Construction on the Wynn Al Marjan Island development in the UAE continued, with $100.1 million contributed in Q1 2026, bringing total life-to-date contributions to $1.01 billion.
  • Cash and cash equivalents as of March 31, 2026, totaled $1.19 billion, while total debt outstanding reached $10.52 billion.
  • Wynn Al Marjan Island is currently expected to open in 2027, with the company monitoring the broader Gulf region situation for safety precautions.