Wynn Resorts, Limited: Miss — EPS $0.33, Revenue $1.69B
Earnings MissQ3 2026 · After-market
Did Wynn Resorts, Limited (WYNN) beat earnings?
No, Wynn Resorts, Limited (WYNN) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-44.07% surprise
$0.33Actual
Expected: $0.59
vs. year ago -61.6%
Total Revenue-3.48% surprise
$1.69BActual
Expected: $1.75B
vs. year ago -7.9%
Released Nov 05 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.69B | $1.83B | -7.9% |
| Revenue detail — reported lines | |||
| └─Casino | $1.05B | $1.17B | -10.6% |
| └─Rooms | $261.50M | $270.48M | -3.3% |
| └─Food and beverage | $257.66M | $261.99M | -1.7% |
| └─Entertainment, retail and other | $119.43M | $126.56M | -5.6% |
| └─Wynn Palace | $583.77M | $635.47M | -8.1% |
| └─Wynn Macau | $335.43M | $365.51M | -8.2% |
| └─Las Vegas Operations | $575.15M | $621.01M | -7.4% |
| └─Encore Boston Harbor | $194.70M | $211.75M | -8.1% |
| Net Income | $17.32M | $88.34M | -80.4% |
| GAAP Basic EPS | $0.17 | $0.86 | -80.2% |
| GAAP Diluted EPS | $0.17 | $0.85 | -80.0% |
| Adjusted Diluted EPS | $0.33 | $0.86 | -61.6% |
Business Highlights
- ➤Declared a $0.25 per-share cash dividend, payable November 30, 2026.
- ➤Repurchased 627,475 shares for an aggregate cost of $58.1M.
- ➤Retained $268.0M of equity-repurchase authorization at September 30, 2026.
- ➤Contributed $62.2M to the Wynn Al Marjan Island joint venture.
- ➤Wynn Al Marjan Island is currently expected to open in September 2027.
- ➤Completed guest-room interior fit-out progress and finishing works at Wynn Al Marjan Island.
- ➤Issued $900.0M of 6.875% senior notes due 2035.
- ➤Used financing proceeds and cash to redeem $900.0M of 5.250% notes due 2027.
- ➤Boston team managed through a strike that began in early September.
- ➤Macau casino operations had closed one day in September 2025 due to Typhoon Ragasa.
Management Commentary
Craig Billings, CEO of Wynn Resorts, Limited
“Our third quarter results demonstrated strong operational discipline from the teams in each of our regions. Wynn Las Vegas and our Macau properties both saw healthy demand amid slower market conditions. Wynn Las Vegas was also negatively impacted by a hold rate outside of our expected range. In Boston, the team did an excellent job managing through the strike that began in early September, ensuring that we could continue delighting guests at our resort. The team at Wynn Al Marjan Island has also made substantial progress with ongoing finishing works occurring throughout the property, including the interior fit-out of all guest rooms, as we move closer to a planned September 2027 opening.”