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Wynn Resorts (WYNN - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on August 4, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis casino operator is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of -7.3%.

Revenues are expected to be $1.84 billion, up 5.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.24% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Wynn?For Wynn, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.49%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that Wynn will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Wynn would post earnings of $1.18 per share when it actually produced earnings of $1.25, delivering a surprise of +5.93%.

Over the last four quarters, the company has beaten consensus EPS estimates just once.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Wynn doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Gaming industry, Roblox (RBLX - Free Report) , is soon expected to post loss of $0.33 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +19.5%. Revenues for the quarter are expected to be $1.59 billion, up 10.6% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Roblox has been revised 4.3% up to the current level. Nevertheless, the company now has an Earnings ESP of +1.28%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Roblox will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will release the Company's financial results for the second quarter ended June 30, 2026 after the market close on Tuesday, August 4, 2026, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

The call will be broadcast live at www.wynnresorts.com under the "Investors" section. Interested parties may also dial (888) 455-5965 or, for international callers, (773) 799-3869.  The conference call access code is 1056446.

A replay of the call will be available through September 4, 2026 by dialing (866) 361-4942 or, for international callers, (203) 369-0190. The replay access code is 3574189.  The call will also be archived at www.wynnresorts.com.

CONTACT:
Lauren Seiler, Vice President – Investor Relations
702-770-7555
[email protected] 

SOURCE Wynn Resorts, Limited

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Video sizzle reel HERE

Wynn Las Vegas and Chef's Table, the brand behind the Emmy Award-winning Netflix series, present Wynn Revelry, a three-day culinary celebration featuring renowned chefs, signature dining events, and exclusive access to the stories and flavors shaping today's culinary landscape. Wynn Revelry takes place Sept. 18-20, bringing together more than 30 internationally-acclaimed chefs – including Thomas Keller and Marcus Samuelsson – for events including The Icons Dinner, The Feast grand tasting, Grand Revelry Brunch, and Revelry Revealed: Chef's Table Experiences. Other special guests include Nancy Silverton and Mashama Bailey. Tickets and packages are now on sale at lasvegasrevelry.com, ranging from a $295 general admission ticket to The Feast to the all-access Ultimate Off Menu package starting at $3,500 per person. , /PRNewswire/ -- This September 18-20, Wynn Las Vegas and Chef's Table, the brand behind the Emmy Award-winning Netflix series, present a three-day celebration bringing together chefs, celebrities, and culinary enthusiasts from around the globe. Featuring acclaimed Chef's Table alumni alongside an international roster of culinary stars, Wynn Revelry by Chef's Table offers access to visionary talent through returning events including The Icons Dinner and The Feast, along with Grand Revelry Brunch and Revelry Revealed: Chef's Table Experiences – where guests access influential figures in intimate and behind-the-scenes settings. 

Tickets and packages are now on sale at lasvegasrevelry.com, ranging from a $295 general admission ticket to The Feast to the all-access Ultimate Off Menu package starting at $3,500 per person, not inclusive of taxes or fees.

"Our partnership with Chef's Table creates something truly special: an experience that brings people together around incredible food and meaningful moments that linger long after the weekend ends," said Brian Gullbrants, Chief Operating Officer, Wynn Resorts North America. "This collaboration is about more than a weekend of exceptional dining – it's a natural extension of our shared vision. It brings the storytelling, talent, and creativity of the Chef's Table universe off the screen and into a fully immersive experience at Wynn, where guests can engage in a way that feels personal and unforgettable."

"Wynn Revelry by Chef's Table is designed to be the defining culinary weekend in Las Vegas," said Justin Connor, President of Chef's Table Projects. "We're bringing together an extraordinary group of chefs from five continents and giving them a platform to reimagine some of Vegas's most iconic dining experiences – from the buffet to Sunday brunch. Each event offers its own distinct point of view, from the open-air atmosphere of The Feast to the grand spectacle of The Icons Dinner. The goal is simple: create unforgettable food experiences that celebrate culinary excellence on a global scale."

The Event Lineup

Revelry Revealed: Chef's Table Experiences: Friday through Sunday, Sept. 18–20 Throughout the weekend, certain guests will have access to intimate master classes, live demonstrations, hands-on tastings, and behind-the-scenes experiences at unexpected resort locations, gaining insight into the techniques, creativity, and inspiration that advance some of the industry's most influential kitchens. The Icons Dinner: 7:00 p.m. on Friday, Sept. 18 at The Buffet Eighty years after the first Las Vegas buffet debuted at El Rancho Vegas, this remarkable event reimagines the buffet experience with a Champagne reception and opulent presentations. Participating chefs include Casa Playa's Executive Chef Sarah Thompson, a 2026 James Beard Award-winner, as well as Thomas Keller (The French Laundry, Yountville, California), Marcus Samuelsson (Red Rooster Harlem and Hav & Mar, New York, New York), Chris Bianco (Pizzeria Bianco, Phoenix, Arizona), Nina Compton (Compère Lapin, New Orleans, Louisiana), Asma Khan (Darjeeling Express, London, England), Doug Psaltis (Asador Bastian, Chicago, Illinois), Tam Kwok Fung (Chef Tam's Seasons, Wynn Macau), Supaksorn "Ice" Jongsiri (Sorn, Bangkok, Thailand), Eric Kragh Vildgaard (Jordnær, Copenhagen, Denmark), and Michael White, chef and restaurateur behind Santi (New York, New York) - with additional chefs to be announced. Actor, entrepreneur, and Brother's Bond Bourbon co-founder Ian Somerhalder will also make a special appearance. The Feast: 7:00 p.m. on Saturday, Sept. 19 at Wynn's Event Pavilion and Lawn This centerpiece event brings together culinary stars for an immersive grand-scale tasting journey featuring chefs Serigne Mbaye (Dakar Nola, New Orleans, Louisiana), Camila Fiol (Fiol Dulcería, Santiago, Chile), Doug Psaltis (Asador Bastian, Chicago, Illinois), Rodolfo Guzmán (Boragó, Santiago, Chile), Daniel Hadida and Eric Robertson (Restaurant Pearl Morissette, Ontario, Canada), Álvaro Clavijo (El Chato, Bogotá, Colombia), Asma Khan (Darjeeling Express, London, England), Sarah Thompson (Casa Playa, Wynn Las Vegas), Alejandro Chamorro (Nuema, Quito, Ecuador), and Jaime Rodríguez (Celele, Cartagena, Colombia), among others. VIP access is available starting at 6:00 p.m. VIP ticket holders also gain entry to the Chef + Celebrity Cook-Off, where chefs Sarah Glover (The Wild Kitchen, Oakley Utah), Chris Bianco (Pizzeria Bianco, Phoenix, Arizona), Sara Aqel (Dara Dining, Amman, Jordan), Chintan Pandya (Dhamaka and Semma, New York, New York), Daniel Hadida (Restaurant Pearl Morissette, Ontario, Canada), and Nina Compton (Compère Lapin, New Orleans, Louisiana), among others, team up with social creators to recreate signature dishes during a friendly competition. Club Gourmet: 12:00 a.m. on Saturday, Sept. 19 at Encore Beach Club Available only to Ultimate Off Menu package guests, this one-of-a-kind experience brings together exceptional food, cocktails, and music. Attendees will enjoy signature bites prepared by featured chefs and opportunities to mingle with culinary talent and personalities. Participating chefs include Phillip Frankland Lee (Sushi by Scratch Restaurants, Multiple Locations) and Susan Bae (Moon Rabbit, Washington, D.C.), among others. Grand Revelry Brunch: 10:00 a.m. on Sunday, Sept. 20 at Mizumi The weekend closes with a celebratory experience showcasing signature dishes such as sushi and live teppanyaki inspired by American classics, alongside an impressive selection of desserts, pastries, and thoughtfully crafted beverages from the weekend's roster of talent. Participating chefs include Mizumi's Executive Chef Jeff Ramsey, along with Kate Reid (Lune Croissanterie, Melbourne, Sydney & Brisbane, Australia), Phillip Frankland Lee (Sushi by Scratch Restaurants, Multiple Locations), Susan Bae (Moon Rabbit, Washington, D.C.), Santiago Moctezuma (Maizajo, Mexico City, Mexico), and celebrated culinary personality Henry "Fatboy" Zhang (Drunken Fish, Wynn Macau), among others.   On Sunday, Sept. 20, the weekend culminates at Delilah, where the industry's leading voices gather for the inaugural Chef's Table Honors – an invite-only celebration recognizing the most influential and visionary figures shaping the future of dining.

About the Wynn Las Vegas and Chef's Table Partnership 
Wynn Revelry by Chef's Table marks the inaugural event in a multi-year collaboration between Wynn Las Vegas and Chef's Table, uniting two institutions with a shared commitment for excellence. Extending beyond this single event, the partnership is intended to further cement Wynn's resorts as esteemed epicurean destinations.

For more information on ticket packages, programming, and participating chefs, visit www.lasvegasrevelry.com or follow @lasvegasrevelry.

About Wynn Revelry by Chef's Table
Now in its third year, Revelry is Wynn Las Vegas' signature culinary festival - a three-day celebration of food, entertainment, and extraordinary hospitality. Curated by Chef's Table, the 2026 edition unfolds September 18–20 with an unparalleled lineup of one-of-a-kind experiences featuring some of the world's most acclaimed chefs. From masterclasses and tastings to multi-chef events that could only happen in Las Vegas, Revelry is designed as the ultimate expression of creativity, indulgence, and celebration.  Every event is crafted to surprise, delight, and bring guests closer to the people, flavors, and stories shaping the future of food. Chef's Table, the brand behind the Emmy Award-winning Netflix series, joins Wynn Las Vegas to create a festival where remarkable stories, unforgettable flavors, and larger-than-life experiences converge in one spectacular weekend. This partnership furthers Wynn's standing as one of the world's preeminent epicurean destinations and extends Chef's Table's celebrated universe beyond the screen. For more information on Wynn Revelry, visit lasvegasrevelry.com.

About Wynn Las Vegas
Wynn Resorts has the longest-running Forbes Travel Guide Five-Star Awards of all independent hotel companies in the world, and in 2026 was once again honored on FORTUNE Magazine's World's Most Admired Companies list. Wynn and Encore Las Vegas have two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas. The resort features approximately 196,000 square feet of casino space, 21 signature dining experiences, 10 bars, two award-winning spas, approximately 560,000 rentable square feet of meeting and convention space, approximately 174,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course. For more information on Wynn and Encore Las Vegas, visit newsroom.wynnresorts.com.

About Chef's Table
Chef's Table premiered on Netflix in 2015 and has since become one of the defining documentary series of the streaming era. Created by David Gelb, the Emmy Award–winning production established a new standard for cinematic food storytelling, introducing global audiences to the artistry, discipline, and personal vision behind some of the world's most influential chefs. Through intimate, visually immersive portraits, the series has built an enduring presence within contemporary food culture. Now in its second decade, Chef's Table continues to evolve through strategic partnerships with industry-leading brands and the launch of Chef's Table: Talks, a podcast hosted by creator, David Gelb.  For more information, visit chefstable.com.

Media Contacts
Wynn Las Vegas
Foxglove Communications
[email protected]

Chef's Table
Emily Tillett
[email protected]

SOURCE Wynn Las Vegas

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will release the Company's financial results for the first quarter ended March 31, 2026 after the market close on Thursday, May 7, 2026, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

The call will be broadcast live at www.wynnresorts.com under the "Investors" section. Interested parties may also dial (888) 455-5965 or, for international callers, (773) 799-3869.  The conference call access code is 1056446.

A replay of the call will be available through June 7, 2026 by dialing (866) 361-4942 or, for international callers, (203) 369-0190.  The replay access code is 3574189.  The call will also be archived at www.wynnresorts.com. 

CONTACT:
Lauren Seiler, Vice President – Investor Relations
702-770-7555
[email protected]

SOURCE Wynn Resorts, Limited

Also from this source

Wynn Resorts (WYNN - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis casino operator is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +10.3%.

Revenues are expected to be $1.8 billion, up 5.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.9% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Wynn?For Wynn, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.51%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Wynn will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Wynn would post earnings of $1.33 per share when it actually produced earnings of $1.17, delivering a surprise of -12.03%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Wynn appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsFlutter Entertainment (FLUT - Free Report) , another stock in the Zacks Gaming industry, is expected to report earnings per share of $1.15 for the quarter ended March 2026. This estimate points to a year-over-year change of -27.7%. Revenues for the quarter are expected to be $4.28 billion, up 16.7% from the year-ago quarter.

The consensus EPS estimate for Flutter has been revised 33.9% lower over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.

This Earnings ESP, combined with its Zacks Rank #5 (Strong Sell), makes it difficult to conclusively predict that Flutter will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Key Takeaways Wynn Resorts will report Q1 2026 earnings on May 7 after missing estimates in the past four quarters.WYNN's growth is driven by strong Las Vegas demand and rising Macau VIP and mass-market volumes.Revenue gains and cost controls support margins, despite higher expenses and gaming hold variability. Wynn Resorts, Limited (WYNN - Free Report) is scheduled to report first-quarter 2026 results on May 7, after the closing bell.

WYNN’s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being negative13.7%.

Trend in the Estimate Revision of WYNNThe Zacks Consensus Estimate for adjusted earnings per share (EPS) has increased to $1.18 from $1.17 over the past 30 days. The estimated figure indicates a 10.3% gain from the year-ago EPS of $1.07.

For revenues, the consensus mark is pegged at nearly $1.80 billion, implying a rise of 5.9% from the prior-year quarter’s figure.

Let's look at how things might have shaped up in the quarter.

Factors Likely to Shape Wynn Resorts’ Q1 ResultsWynn Resorts’ top-line performance in early 2026 is likely to have been supported by sustained strength across its core operating markets, particularly Las Vegas and Macau. In Las Vegas, demand trends remained healthy, with growth in key metrics such as casino volumes, table drop, slot handle and average daily room rates. The company’s strategy of prioritizing higher room rates over occupancy, combined with strong group and convention bookings, helped optimize revenue per available room and overall property monetization.

Additionally, increased spend across gaming, food and beverage, and luxury offerings, driven by affluent customers, contributed meaningfully to revenue growth. The company has also benefited from improved customer targeting, loyalty initiatives and enhanced hosting strategies, which boosted wallet share from high-value guests.

In Macau, robust volume growth was a key revenue driver despite unfavorable hold conditions. VIP turnover surged significantly, while mass-market turnover also increased, reflecting strong demand, particularly in premium segments where Wynn has a competitive edge. This momentum extended into the first quarter, with volumes in early 2026 holding at or above prior-quarter levels. Continued recovery in travel demand, rising premium-customer activity and strategic investments, such as the expansion of high-end gaming and hospitality spaces like the Chairman’s Club, are likely to have further supported top-line expansion. Additionally, steady performance in Encore Boston Harbor, with rising slot revenues and improved visitation trends, added another layer of revenue stability.

Our model predicts revenues from Las Vegas and Macau operations to rise 5.9% and 3.8% year over year to $662.4 million and $898.9 million, respectively, in the first quarter. We expect the Encore Boston Harbor segment’s first-quarter revenues to decline 1% year over year to $207.2 million.

On the bottom line, earnings are likely to have been supported by disciplined cost controls and operating efficiencies across properties. Wynn maintained tight expense management despite inflationary pressures, using targeted cost optimization that did not compromise guest experience. Strong operating leverage from higher volumes, especially in gaming, helped absorb fixed costs, while premium pricing strategies in Las Vegas boosted margins.

Furthermore, the company’s focus on high-value customers and data-driven reinvestment strategies has improved revenue quality and profitability. However, margins are likely to have been partially influenced by factors like gaming hold variability and incremental operating costs tied to higher business volumes, though underlying profitability remained resilient.

Our model predicts first-quarter total operating expenses to rise 6.6% year over year to $1.52 billion.

What Our Model Says About WYNN StockOur proven model predicts an earnings beat for Wynn Resorts this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.

WYNN’s Earnings ESP: Wynn Resorts has an Earnings ESP of +4.51%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Wynn Resorts’ Zacks Rank: The company sports a Zacks Rank #3 at present.

Other Stocks Poised to Beat on EarningsHere are some other stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these, too, have the right combination of elements to post an earnings beat.

Hasbro (HAS - Free Report) has an Earnings ESP of +5.81% and a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

In the to-be-reported quarter, Hasbro’s earnings are expected to increase 4.8%. Hasbro’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 43.9%.

 Corsair Gaming, Inc. (CRSR - Free Report) currently has an Earnings ESP of +1.89% and a Zacks Rank of 3.

In the to-be-reported quarter, CRSR’s earnings are expected to increase 63.6%. Corsair Gaming's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, missed twice and met once, with an average surprise of 6.3%.

Expedia Group, Inc. (EXPE - Free Report) currently has an Earnings ESP of +10.04% and a Zacks Rank of 3.

In the to-be-reported quarter, Expedia’s earnings are expected to surge 252.5%. Expedia’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed on one occasion, the average surprise being 3%.

, /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts" or the "Company") today reported financial results for the first quarter ended March 31, 2026.

Operating revenues were $1.86 billion for the first quarter of 2026, an increase of $156.4 million from $1.70 billion for the first quarter of 2025. Net income attributable to Wynn Resorts, Limited was $120.5 million for the first quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $72.7 million for the first quarter of 2025. Diluted net income per share was $1.04 for the first quarter of 2026, compared to diluted net income per share of $0.69 for the first quarter of 2025. Adjusted Property EBITDAR(1) was $562.4 million for the first quarter of 2026, compared to Adjusted Property EBITDAR of $532.9 million for the first quarter of 2025.

"Our first quarter results reflect the strength of Wynn's business across all of our markets," said Craig Billings, CEO of Wynn Resorts, Limited. "Las Vegas delivered another quarter of EBITDAR growth and continued to make gains in gaming market share. In Macau, we saw a meaningful increase in gaming volumes year-over-year alongside healthy market share, and we were pleased to increase the dividend from Wynn Macau, Limited — a reflection of the strong free cash flow the business is generating. Construction on Wynn Al Marjan Island continues to progress, and we are closely monitoring the broader situation in the Gulf region while taking additional precautions to ensure the safety and well-being of our team on the ground. We also continued to return capital to shareholders through our regular quarterly dividend and the repurchase of $54 million of stock in the quarter."

Consolidated Results

Operating revenues were $1.86 billion for the first quarter of 2026, an increase of $156.4 million from $1.70 billion for the first quarter of 2025. For the first quarter of 2026, operating revenues increased $123.4 million and $36.6 million at Wynn Palace and our Las Vegas Operations, respectively, and decreased $3.6 million at Encore Boston Harbor, from the first quarter of 2025. Operating revenues at Wynn Macau for the first quarter of 2026 were in line with the first quarter of 2025.

Net income attributable to Wynn Resorts, Limited was $120.5 million for the first quarter of 2026, compared to net income attributable to Wynn Resorts, Limited of $72.7 million for the first quarter of 2025. Diluted net income per share was $1.04 for the first quarter of 2026, compared to diluted net income per share of $0.69 for the first quarter of 2025. Adjusted net income attributable to Wynn Resorts, Limited(2) was $129.7 million, or $1.25 per diluted share, for the first quarter of 2026, compared to adjusted net income attributable to Wynn Resorts, Limited of $113.1 million, or $1.07 per diluted share, for the first quarter of 2025.

Adjusted Property EBITDAR was $562.4 million for the first quarter of 2026, an increase of $29.5 million compared to Adjusted Property EBITDAR of $532.9 million for the first quarter of 2025. For the first quarter of 2026, Adjusted Property EBITDAR increased $41.9 million and $9.1 million at Wynn Palace and our Las Vegas Operations, respectively, and decreased $14.6 million and $6.9 million at Wynn Macau and Encore Boston Harbor, respectively, from the first quarter of 2025.

Wynn Resorts, Limited also announced today that its Board of Directors has declared a cash dividend of $0.25 per share, payable on May 29, 2026 to stockholders of record as of May 18, 2026.

Property Results

Macau Operations

Wynn Palace

Operating revenues from Wynn Palace were $659.3 million for the first quarter of 2026, an increase of $123.4 million from $535.9 million for the first quarter of 2025. Adjusted Property EBITDAR from Wynn Palace was $203.8 million for the first quarter of 2026, compared to $161.9 million for the first quarter of 2025. Table games win percentage in mass market operations was 26.6%, above the 24.8% experienced in the first quarter of 2025. VIP table games win as a percentage of turnover was 3.11%, within the property's expected range of 3.1% to 3.4% and above the 2.61% experienced in the first quarter of 2025.

Wynn Macau

Operating revenues from Wynn Macau were $329.9 million for the first quarter of 2026, in line with $330.0 million for the first quarter of 2025. Adjusted Property EBITDAR from Wynn Macau was $75.6 million for the first quarter of 2026, compared to $90.2 million for the first quarter of 2025. Table games win percentage in mass market operations was 15.1%, below the 18.7% experienced in the first quarter of 2025. VIP table games win as a percentage of turnover was 0.39%, below the property's expected range of 3.1% to 3.4% and below the 1.09% experienced in the first quarter of 2025.

Las Vegas Operations

Operating revenues from our Las Vegas Operations were $661.9 million for the first quarter of 2026, an increase of $36.6 million from $625.3 million for the first quarter of 2025. Adjusted Property EBITDAR from our Las Vegas Operations for the first quarter of 2026 was $232.5 million, compared to $223.4 million for the first quarter of 2025. Table games win percentage for the first quarter of 2026 was 25.2%, within the property's expected range of 22% to 26% and above the 24.3% experienced in the first quarter of 2025.

Encore Boston Harbor

Operating revenues from Encore Boston Harbor were $205.7 million for the first quarter of 2026, a decrease of $3.6 million from $209.2 million for the first quarter of 2025. Adjusted Property EBITDAR from Encore Boston Harbor for the first quarter of 2026 was $50.5 million, compared to $57.5 million for the first quarter of 2025. Table games win percentage for the first quarter of 2026 was 20.2%, within the property's expected range of 18% to 22% and slightly below the 20.5% experienced in the first quarter of 2025.

Wynn Al Marjan Island Development

During the first quarter of 2026, the Company contributed $100.1 million of cash to the 40%-owned joint venture that is constructing the Wynn Al Marjan Island development in the UAE, bringing our life-to-date cash contributions to the project to $1.01 billion. Wynn Al Marjan Island is currently expected to open in 2027.

Balance Sheet

Our cash and cash equivalents as of March 31, 2026 totaled $1.19 billion, excluding $607.6 million of short-term investments held by Wynn Macau, Limited ("WML"). Cash and cash equivalents is comprised of $850.9 million held by WML and subsidiaries, $212.1 million held by Wynn Resorts Finance, LLC ("WRF") and subsidiaries excluding WML, and $124.6 million held at Corporate and other. As of March 31, 2026, the available borrowing capacity under the WRF Revolver and the WM Cayman II Revolver was $1.24 billion and $1.35 billion, respectively.

Total current and long-term debt outstanding at March 31, 2026 was $10.52 billion, comprised of $5.76 billion of Macau related debt, $877.2 million of Wynn Las Vegas debt, $3.28 billion of WRF debt, and $598.6 million of debt held by the retail joint venture which we consolidate.

Equity Repurchase Program

During the first quarter of 2026, the Company repurchased 528,667 shares of its common stock under its publicly announced equity repurchase program at an average price of $101.72 per share, for an aggregate cost of $53.8 million. As of March 31, 2026, the Company had $401.1 million in repurchase authority remaining under the equity repurchase program.

Conference Call and Other Information

The Company will hold a conference call to discuss its results, including the results of Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC, on May 7, 2026 at 1:30 p.m. PT (4:30 p.m. ET). Interested parties are invited to join the call by accessing a live audio webcast at http://www.wynnresorts.com. On or before May 15, 2026, the Company will make Wynn Resorts Finance, LLC and Wynn Las Vegas, LLC financial information for the quarter ended March 31, 2026 available to noteholders, prospective investors, broker-dealers and securities analysts. Please contact our investor relations office at 702-770-7555 or at [email protected], to obtain access to such financial information.

Forward-looking Statements

This release contains forward-looking statements regarding operating trends and future results of operations. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, geopolitical conflicts, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by the Company's other periodic reports filed with the Securities and Exchange Commission from time to time. The Company is under no obligation to (and expressly disclaims any such obligation to) update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Financial Measures

(1) "Adjusted Property EBITDAR" is net income before interest, income taxes, depreciation and amortization, pre-opening expenses, property charges and other expenses, triple-net operating lease rent expense related to Encore Boston Harbor, management and license fees, corporate expenses and other expenses (including intercompany golf course, meeting and convention, and water rights leases), stock-based compensation, change in derivatives fair value, and other non-operating income and expenses. Adjusted Property EBITDAR is presented exclusively as a supplemental disclosure because management believes that it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted Property EBITDAR as a measure of the operating performance of its segments and to compare the operating performance of its properties with those of its competitors, as well as a basis for determining certain incentive compensation. We also present Adjusted Property EBITDAR because it is used by some investors to measure a company's ability to incur and service debt, make capital expenditures and meet working capital requirements. Gaming companies have historically reported EBITDAR as a supplement to GAAP. In order to view the operations of their casinos on a more stand-alone basis, gaming companies, including us, have historically excluded from their EBITDAR calculations pre-opening expenses, property charges, corporate expenses and stock-based compensation, that do not relate to the management of specific casino properties. However, Adjusted Property EBITDAR should not be considered as an alternative to operating income (loss) as an indicator of our performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with GAAP. Unlike net income, Adjusted Property EBITDAR does not include depreciation or interest expense and therefore does not reflect current or future capital expenditures or the cost of capital. We have significant uses of cash flows, including capital expenditures, triple-net operating lease rent expense related to Encore Boston Harbor, interest payments, debt principal repayments, income taxes and other non-recurring charges, which are not reflected in Adjusted Property EBITDAR. Also, our calculation of Adjusted Property EBITDAR may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

(2) "Adjusted net income attributable to Wynn Resorts, Limited" is net income attributable to Wynn Resorts, Limited before pre-opening expenses, property charges and other expenses, change in derivatives fair value, foreign currency remeasurement and other, and income taxes calculated using the specific tax treatment applicable to the adjustments based on their respective jurisdictions. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share are presented as supplemental disclosures to financial measures in accordance with GAAP because management believes that these non-GAAP financial measures are widely used to measure the performance, and as a principal basis for valuation, of gaming companies. These measures are used by management and/or evaluated by some investors, in addition to net income per share computed in accordance with GAAP, as an additional basis for assessing period-to-period results of our business. Adjusted net income attributable to Wynn Resorts, Limited and adjusted net income attributable to Wynn Resorts, Limited per diluted share may be different from the calculation methods used by other companies and, therefore, comparability may be limited.

The Company has included schedules in the tables that accompany this release that reconcile (i) net income attributable to Wynn Resorts, Limited to adjusted net income attributable to Wynn Resorts, Limited, (ii) operating income (loss) to Adjusted Property EBITDAR, and (iii) net income attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

WYNN RESORTS, LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited) 

Three Months Ended

March 31,

2026

2025

Operating revenues:

Casino

$ 1,177,233

$ 1,040,430

Rooms

290,381

274,521

Food and beverage

259,019

249,879

Entertainment, retail and other

130,129

135,567

Total operating revenues

1,856,762

1,700,397

Operating expenses:

Casino

732,670

634,833

Rooms

89,791

84,097

Food and beverage

228,822

200,667

Entertainment, retail and other

59,713

62,186

General and administrative

275,204

275,689

    Provision for credit losses

4,057

1,396

Pre-opening

11,745

5,287

Depreciation and amortization

160,527

155,421

Property charges and other

11,629

12,232

Total operating expenses

1,574,158

1,431,808

Operating income

282,604

268,589

Other income (expense):

Interest income

13,092

19,359

Interest expense, net of amounts capitalized

(152,362)

(157,608)

Change in derivatives fair value

46,770

(29,539)

Other

(29,434)

(8,374)

Other income (expense), net

(121,934)

(176,162)

Income before income taxes

160,670

92,427

Provision for income taxes

(10,132)

(11,022)

Net income

150,538

81,405

Less: net income attributable to noncontrolling interests                                                                                                                      

(30,084)

(8,658)

Net income attributable to Wynn Resorts, Limited

$    120,454

$      72,747

Basic and diluted net income per common share:

Net income attributable to Wynn Resorts, Limited:

Basic

$          1.17

$          0.69

Diluted

$          1.04

$          0.69

Weighted average common shares outstanding:

Basic

103,084

105,492

Diluted

103,800

105,730

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

TO ADJUSTED NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED

(in thousands, except per share data)

(unaudited)

Three Months Ended

March 31,

2026

2025

Net income attributable to Wynn Resorts, Limited

$   120,454

$    72,747

Pre-opening expenses

11,745

5,287

Property charges and other

11,629

12,232

Change in derivatives fair value

(46,770)

29,539

Foreign currency remeasurement and other

29,434

8,374

Income tax impact on adjustments

(1,130)

(1,676)

Noncontrolling interests impact on adjustments

4,370

(13,358)

Adjusted net income attributable to Wynn Resorts, Limited

$   129,732

$   113,145

Adjusted net income attributable to Wynn Resorts, Limited per diluted share                                                                                   

$         1.25

$         1.07

Weighted average common shares outstanding - diluted

103,800

105,730

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF OPERATING INCOME (LOSS) TO ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended March 31, 2026

Wynn

Palace 

Wynn

Macau

Other

Macau

Total

Macau

Operations 

Las Vegas 

Operations 

Encore

Boston

Harbor

Corporate

and Other 

Total

Operating income (loss)

$  112,790

$    40,972

$    (8,499)

$  145,263

$     112,833

$  (14,038)

$     38,546

$  282,604

Pre-opening expenses

662

—

—

662

3,560

—

7,523

11,745

Depreciation and amortization

61,233

20,373

398

82,004

60,775

14,451

3,297

160,527

Property charges and other

3,910

195

7

4,112

4,659

2,483

375

11,629

Management and license fees

21,306

10,098

—

31,404

31,030

9,949

(72,383)

—

Corporate expenses and other

2,545

2,669

7,292

12,506

8,107

1,833

12,364

34,810

Stock-based compensation

1,376

1,309

802

3,487

11,496

477

10,278

25,738

Triple-net operating lease rent expense

—

—

—

—

—

35,364

—

35,364

Adjusted Property EBITDAR

$  203,822

$    75,616

$           —

$  279,438

$     232,460

$    50,519

$            —

$  562,417

Three Months Ended March 31, 2025

Wynn

 Palace

Wynn

Macau

Other

Macau

Total

Macau

Operations 

Las Vegas

Operations 

Encore

Boston

Harbor

Corporate

and Other 

Total

Operating income (loss)

$    82,565

$    52,742

$    (8,159)

$     127,148

$      116,079

$   (10,735)

$     36,097

$  268,589

Pre-opening expenses

1,200

—

—

1,200

760

—

3,327

5,287

Depreciation and amortization

56,437

19,224

398

76,059

62,628

13,966

2,768

155,421

Property charges and other

708

4,206

6

4,920

702

5,516

1,094

12,232

Management and license fees

17,500

10,373

—

27,873

29,323

10,141

(67,337)

—

Corporate expenses and other

2,206

2,315

6,750

11,271

7,894

1,688

15,728

36,581

Stock-based compensation

1,269

1,339

1,005

3,613

5,975

1,489

8,323

19,400

Triple-net operating lease rent expense

—

—

—

—

—

35,389

—

35,389

Adjusted Property EBITDAR

$  161,885

$    90,199

$           —

$     252,084

$     223,361

$    57,454

$            —

$  532,899

WYNN RESORTS, LIMITED AND SUBSIDIARIES

RECONCILIATION OF NET INCOME ATTRIBUTABLE TO WYNN RESORTS, LIMITED TO

ADJUSTED PROPERTY EBITDAR

(in thousands)

(unaudited)

Three Months Ended

March 31,

2026

2025

Net income attributable to Wynn Resorts, Limited

$   120,454

$    72,747

Net income attributable to noncontrolling interests                                                                                                                                   

30,084

8,658

Pre-opening expenses

11,745

5,287

Depreciation and amortization

160,527

155,421

Property charges and other

11,629

12,232

Triple-net operating lease rent expense

35,364

35,389

Corporate expenses and other

34,810

36,581

Stock-based compensation

25,738

19,400

Interest income

(13,092)

(19,359)

Interest expense, net of amounts capitalized 

152,362

157,608

Change in derivatives fair value

(46,770)

29,539

Other

29,434

8,374

Provision for income taxes

10,132

11,022

Adjusted Property EBITDAR

$   562,417

$   532,899

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited)

Three Months Ended

March 31,

2026

2025

Percent

Change

Wynn Palace Supplemental Information                                                                                                                      

Operating revenues

Casino

$    564,917

$    444,508

27.1

Rooms

37,634

36,615

2.8

Food and beverage

33,035

31,738

4.1

Entertainment, retail and other

23,752

23,068

3.0

Total

$    659,338

$    535,929

23.0

Adjusted Property EBITDAR (6)

$    203,822

$    161,885

25.9

Casino statistics:

VIP:

Average number of table games

50

55

(9.1)

VIP turnover

$ 4,316,314

$ 4,005,041

7.8

VIP table games win (1)

$    134,242

$    104,532

28.4

VIP table games win as a % of turnover

3.11 %

2.61 %

Table games win per unit per day

$      29,739

$      21,096

41.0

Mass market:

Average number of table games

275

247

11.3

Table drop (2)

$ 1,971,051

$ 1,704,398

15.6

Table games win (1)

$    523,796

$    422,392

24.0

Table games win %

26.6 %

24.8 %

Table games win per unit per day

$      21,182

$      18,968

11.7

Average number of slot machines

724

650

11.4

Slot machine handle

$    860,523

$    734,869

17.1

Slot machine win (3)

$      35,456

$      29,356

20.8

Slot machine win per unit per day

$           544

$           502

8.4

Room statistics:

Occupancy

99.1 %

98.3 %

ADR (4)

$           230

$           222

3.6

REVPAR (5)

$           228

$           218

4.6

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

March 31,

2026

2025

Percent

Change

Wynn Macau Supplemental Information                                                                                                                      

Operating revenues

Casino

$    276,732

$    275,550

0.4

Rooms

21,320

23,297

(8.5)

Food and beverage

19,270

18,792

2.5

Entertainment, retail and other

12,530

12,321

1.7

Total

$    329,852

$    329,960

—

Adjusted Property EBITDAR (6)

$      75,616

$      90,199

(16.2)

Casino statistics:

VIP:

Average number of table games

12

30

(60.0)

VIP turnover

$    585,886

$ 1,437,047

(59.2)

VIP table games win (1)

$        2,278

$      15,714

(85.5)

VIP table games win as a % of turnover

0.39 %

1.09 %

Table games win per unit per day

$        2,082

$        5,912

(64.8)

Mass market:

Average number of table games

219

221

(0.9)

Table drop (2)

$ 1,903,561

$ 1,542,885

23.4

Table games win (1)

$    288,126

$    288,549

(0.1)

Table games win %

15.1 %

18.7 %

Table games win per unit per day

$      14,603

$      14,520

0.6

Average number of slot machines

909

729

24.7

Slot machine handle

$ 1,239,093

$    853,407

45.2

Slot machine win (3)

$      36,212

$      24,367

48.6

Slot machine win per unit per day

$           442

$           372

18.8

Room statistics:

Occupancy

99.7 %

99.1 %

ADR (4)

$           223

$           234

(4.7)

REVPAR (5)

$           222

$           232

(4.3)

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR and REVPAR)

(unaudited) (continued)

Three Months Ended

March 31,

2026

2025

Percent

Change

Las Vegas Operations Supplemental Information                                                                                                      

Operating revenues

Casino

$    178,191

$    160,993

10.7

Rooms

212,561

195,868

8.5

Food and beverage

188,728

179,442

5.2

Entertainment, retail and other

82,429

88,982

(7.4)

Total

$    661,909

$    625,285

5.9

Adjusted Property EBITDAR (6)

$    232,460

$    223,361

4.1

Casino statistics:

Average number of table games

241

236

2.1

Table drop (2)

$    685,300

$    592,527

15.7

Table games win (1)

$    172,406

$    144,061

19.7

Table games win %

25.2 %

24.3 %

Table games win per unit per day

$        7,939

$        6,774

17.2

Average number of slot machines

1,574

1,590

(1.0)

Slot machine handle

$ 1,815,479

$ 1,778,087

2.1

Slot machine win (3)

$    120,334

$    123,244

(2.4)

Slot machine win per unit per day

$           849

$           861

(1.4)

Poker rake

$        3,799

$        4,332

(12.3)

Room statistics:

Occupancy

85.5 %

87.4 %

ADR (4)

$           592

$           527

12.3

REVPAR (5)

$           506

$           461

9.8

WYNN RESORTS, LIMITED AND SUBSIDIARIES

SUPPLEMENTAL DATA SCHEDULE

(dollars in thousands, except for win per unit per day, ADR, and REVPAR)

(unaudited) (continued)

Three Months Ended

March 31,

2026

2025

Percent

Change

Encore Boston Harbor Supplemental Information                                                                                                    

Operating revenues

Casino

$    157,393

$    159,379

(1.2)

Rooms

18,866

18,741

0.7

Food and beverage

17,986

19,907

(9.6)

Entertainment, retail and other

11,418

11,196

2.0

Total

$    205,663

$    209,223

(1.7)

Adjusted Property EBITDAR (6)

$      50,519

$      57,454

(12.1)

Casino statistics:

Average number of table games

172

172

—

Table drop (2)

$    324,276

$    340,062

(4.6)

Table games win (1)

$      65,423

$      69,883

(6.4)

Table games win %

20.2 %

20.5 %

Table games win per unit per day

$        4,226

$        4,514

(6.4)

Average number of slot machines

2,783

2,717

2.4

Slot machine handle

$ 1,345,079

$ 1,357,199

(0.9)

Slot machine win (3)

$    109,580

$    107,482

2.0

Slot machine win per unit per day

$           437

$           439

(0.5)

Poker rake

$        5,374

$        5,642

(4.8)

Room statistics:

Occupancy

85.8 %

88.1 %

ADR (4)

$           366

$           357

2.5

REVPAR (5)

$           314

$           315

(0.3)

(1)

Table games win is shown before discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis.

(2)

In Macau, table drop is the amount of cash that is deposited in a gaming table's drop box plus cash chips purchased at the casino cage. In Las Vegas, table drop is the amount of cash and net markers issued that are deposited in a gaming table's drop box. At Encore Boston Harbor, table drop is the amount of cash and gross markers that are deposited in a gaming table's drop box.

(3)

Slot machine win is calculated as gross slot machine win minus progressive accruals and free play.

(4)

ADR is average daily rate and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms occupied.

(5)

REVPAR is revenue per available room and is calculated by dividing total room revenues including complimentaries (less service charges, if any) by total rooms available.

(6)

Refer to accompanying reconciliations of Operating Income (Loss) to Adjusted Property EBITDAR and Net Income Attributable to Wynn Resorts, Limited to Adjusted Property EBITDAR.

CONTACT:
Lauren Seiler
702-770-7555
[email protected]

SOURCE Wynn Resorts, Limited

For the quarter ended March 2026, Wynn Resorts (WYNN - Free Report) reported revenue of $1.86 billion, up 9.2% over the same period last year. EPS came in at $1.25, compared to $1.07 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.82 billion, representing a surprise of +2.21%. The company delivered an EPS surprise of +6.21%, with the consensus EPS estimate being $1.18.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Wynn performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Table Drop - Las Vegas Operations: $685.3 million compared to the $625.06 million average estimate based on four analysts.Table Games Win - Las Vegas Operations: $172.41 million versus the four-analyst average estimate of $149.6 million.Slot Machine Win - Las Vegas Operations: $120.33 million versus $124.12 million estimated by four analysts on average.Vip Table Games Win - Macau Operations - Wynn Palace - VIP: $134.24 million versus $131.92 million estimated by three analysts on average.Operating revenues- Encore Boston Harbor: $205.66 million compared to the $207.9 million average estimate based on five analysts. The reported number represents a change of -1.7% year over year.Operating revenues- Las Vegas Operations: $661.91 million compared to the $638.44 million average estimate based on five analysts. The reported number represents a change of +5.9% year over year.Operating revenues- Wynn Macau: $329.85 million versus $356.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Operating revenues- Wynn Palace: $659.34 million compared to the $613.22 million average estimate based on four analysts. The reported number represents a change of +23% year over year.Operating revenues- Las Vegas Operations- Casino: $178.19 million versus the three-analyst average estimate of $171.32 million. The reported number represents a year-over-year change of +10.7%.Operating revenues- Encore Boston Harbor- Casino: $157.39 million versus $159.9 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.Operating revenues- Las Vegas Operations- Rooms: $212.56 million versus $199.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.Operating revenues- Las Vegas Operations- Food and beverage: $188.73 million versus $187.57 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.2% change.View all Key Company Metrics for Wynn here>>>

Shares of Wynn have returned +2.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Wynn Resorts delivered solid 1Q26 top-line and EBITDAR growth in Las Vegas and Macau, but margin pressure persists amid heightened Macau competition. Margins declined year-over-year across all properties, with Macau EBITDAR margins falling 90 bps and overall group margins down 100 bps to 30.3%. Intense promotional activity and new premium supply in Macau are expected to constrain margin upside and limit near-term share price catalysts.

Key Takeaways WYNN posted Q1 adjusted EPS of $1.25 and revenues of $1.86B, beating estimates; both rose YoY.WYNN Palace revenues jumped to $659.3M and EBITDAR to $203.8M on broad-based casino gains.Las Vegas revenues rose to $661.9M with EBITDAR up, while Encore Boston Harbor and Wynn Macau EBITDAR fell. Wynn Resorts, Limited (WYNN - Free Report) reported first-quarter 2026 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.

Management noted the company’s strength across markets. Las Vegas delivered another quarter of EBITDAR growth and continued gains in gaming market share, while Macau saw a meaningful increase in gaming volumes year over year alongside healthy market share.

WYNN’s Q1 Earnings & RevenuesThe company reported adjusted earnings per share (EPS) of $1.25, beating the Zacks Consensus Estimate of $1.18 by 5.9%. In the prior-year quarter, the company reported an adjusted EPS of $1.07. 

Quarterly operating revenues of $1.86 billion topped the consensus mark of $1.81 billion by 2.2%. The top line increased by 9.2% year over year.

WYNN’s Q1 Profitability Improves Amid Elevated Expense LevelsOn a reported basis, net income attributable to Wynn Resorts increased to $120.5 million in the first quarter compared with $72.7 million reported in the year-ago quarter. Our model projected the metric to be $57.5 million.

Operating income in the first quarter advanced to $282.6 million from $268.6 million, reported in the prior-year quarter. Our model projected the metric to be $241.7 million.

Adjusted Property EBITDAR totaled $562.4 million, up from $532.9 million a year ago, and the earnings presentation indicated a quarterly EBITDAR margin of 30.3%. Cost items also moved higher in several areas, including depreciation and amortization of $160.5 million and gaming taxes of $514.5 million, while interest expense (net of amounts capitalized) was $152.4 million.

Wynn Resorts Benefits From Wynn Palace MomentumWynn Palace generated operating revenues of $659.3 million in the first quarter, rising $123.4 million from the prior-year period. The year-over-year increase was primarily driven by stronger gaming performance, alongside improvement across non-gaming categories. Our model projected first-quarter Wynn Palace revenues to be $572.9 million.

Profitability strengthened in tandem with the revenue gains. Adjusted Property EBITDAR at Wynn Palace rose to $203.8 million from $161.9 million a year earlier. Mass-market table games’ win percentage increased to 26.6% from 24.8%, while the VIP win rate was 3.11%, within the property’s expected 3.1% to 3.4% range.

WYNN’s Wynn Macau Results Reflect Unfavorable HoldWynn Macau posted operating revenues of $329.9 million in the first quarter, essentially unchanged from $330.0 million in the year-ago quarter. Our model projected first-quarter Wynn Macau revenues to be $326 million. While revenue trends were stable, profitability was constrained by weaker win rates relative to the prior-year period.

Adjusted Property EBITDAR declined to $75.6 million from $90.2 million a year ago. Mass-market table games’ win percentage decreased to 15.1% from 18.7%, and VIP win as a percentage of turnover fell to 0.39%, below the property’s expected range of 3.1% to 3.4%.

Wynn Resorts Sustains Premium Positioning in Las VegasLas Vegas Operations delivered operating revenues of $661.9 million in the first quarter, up $36.6 million year over year. Management attributed the performance to continued market share gains and ongoing investment in the property’s amenity set and customer experience. Our model predicted the first-quarter segment revenues to be $662.4 million.

Adjusted Property EBITDAR for Las Vegas Operations increased to $232.5 million from $223.4 million a year ago. Operational metrics in the earnings presentation showed RevPAR of $506, up 9.8% year over year, while table games win percentage was 25.2%, within the property’s expected range and above the prior-year level of 24.3%.

WYNN Continues Capital Returns and Funds for UAE DevelopmentWYNN declared a cash dividend of $0.25 per share, payable May 29, 2026. The company also repurchased 528,667 shares during the quarter for $53.8 million at an average price of $101.72 per share, and it ended the quarter with $401.1 million remaining under its repurchase authorization.

Liquidity and development funding remained in focus. Cash and cash equivalents totaled $1.19 billion at March 31, 2026, excluding $607.6 million of short-term investments held by Wynn Macau, Limited, while total current and long-term debt outstanding was $10.52 billion. During the quarter, the company contributed $100.1 million to the Wynn Al Marjan Island joint venture, bringing life-to-date cash contributions to $1.01 billion, with the project expected to open in 2027.

WYNN’s Zacks RankWynn Resorts currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Consumer Discretionary ReleasesRoyal Caribbean Cruises Ltd. (RCL - Free Report) reported first-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis. In the quarter under review, the company reported adjusted EPS of $3.60, beating the Zacks Consensus Estimate of $3.20. In the year-ago quarter, RCL posted an adjusted EPS of $2.71. Revenues in the quarter totaled $4.45 billion, beating the consensus mark of $4.44 billion. The metric increased 11.3% year over year.

Hyatt Hotels Corporation (H - Free Report) reported first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate. The company reported first-quarter 2026 adjusted earnings of 63 cents per share, up 37% from 46 cents a year ago. The metric beat the Zacks Consensus Estimate of 57 cents per share by 10.5%. Total revenues rose 1.7% year over year to $1,748 million and topped the consensus mark of $1,712 million by 2.1%. Hyatt’s operating backdrop stayed constructive, with comparable system-wide hotels RevPAR increasing 5.4% and comparable system-wide all-inclusive resorts Net Package RevPAR rising 7.4% from the year-ago quarter.

Mattel, Inc. (MAT - Free Report) reported first-quarter 2026 results, with adjusted earnings and net sales beating the Zacks Consensus Estimate. Revenues improved, while the bottom line fell from the prior-year quarter levels. The company posted an adjusted loss of 20 cents per share, narrower than the Zacks Consensus Estimate of a loss of 24 cents by 16.67%. The bottom line declined from an adjusted loss of 2 cents reported in the prior-year quarter. Net sales of $862 million topped the consensus mark of $801 million by 7.59% and increased 4% year over year.

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The founder of Authentic Brands Group, the management firm behind dozens of retail and media names including Reebok, Champion and Brooks Brothers, said he expects to take the company public in the next 12 months as he announced a former Wynn Resorts CEO will be its next chief executive.

In an exclusive interview with CNBC's Sara Eisen, Jamie Salter said Authentic's president, Matt Maddox, who joined the firm as president in January 2025 after a 20-year career at Wynn, will take over as CEO so Salter can transition to executive chairman.

When asked if this means the company is headed for an initial public offering, Salter said he expects the company to go public "sometime in the next 12 months."

"There's no doubt about it that Matt is definitely a great Wall Street CEO," said Salter. "We've almost gone public twice, we've filed twice and both times we were taken out by other private equity firms at much higher prices. I think this time, the company has grown so big that I think this time we'll probably end up going public sometime in the next 12 months."

Salter said the transition is necessary because he's trying to grow Authentic into a $100 billion company over the next five years, and said he needs to spend "100% of my time" focused on the mergers and acquisitions that have long formed the lifeblood of his business.

In his new role, Salter will remain "deeply engaged in the business" but will focus on long-term strategy, Authentic said in a news release. Maddox will lead day-to-day operations with a mandate to scale the business, drive organic growth, and create value for the firm's "shareholders and partners."

In a release, Maddox added "the opportunity ahead is significant, and we are just getting started."

Authentic generates about $38 billion in systemwide retail sales and has become a major force in the retail industry, known for buying the intellectual property behind popular brands that are distressed or bankrupt and licensing that IP for lucrative royalties. 

It has more than 50 brands in its portfolio, including Sports Illustrated, Guess and Juicy Couture, and has partnered with major figures like Shaquille O'Neal, David Beckham and Kevin Hart.

Authentic was almost entirely focused on apparel retailers for years, but these days, Salter said he is looking more toward entertainment acquisitions, which are currently the "driving force" of the business.

"Entertainment today is roughly 20% of our business, 80% beauty and lifestyle, but I believe that over a period of time entertainment will become much stronger, going from 20% to 50%," said Salter. "The reason why I want to focus so much on the entertainment business is because it's clear as day that content drives commerce."

Authentic has been signaling it's ready for a public offering for years, most recently in April during the Reuters Momentum AI event where Salter said the company will attempt another IPO "soon."

He added that once the company was ready to file with the U.S. Securities and Exchange Commission, he planned to be in a leadership position other than CEO. 

That moment appears to have arrived with Maddox's appointment as CEO and Salter's transition to executive chairman.

Salter, who has spent decades in the consumer and retail space, is an accomplished investor and dealmaker, but he is less experienced than Maddox when it comes to the chops necessary to run a public company. During his time at Wynn, a near $10 billion market cap company traded on the Nasdaq, Maddox spent almost 15 years in the C-suite as CFO, president and CEO, according to his LinkedIn profile. 

Often when companies are nearing an IPO, they will choose leaders who have deep experience running public companies, especially when those firms are led by founders.

Malcolm Ethridge, managing partner at Capital Area Planning Group, named Okta Inc (NASDAQ:OKTA) as his final trade.

Lending support to his choice, Dominion Energy, on May 28, posted better-than-expected earnings for the first quarter.

<em> Don't forget to check out our <a href=”https://www.benzinga.com/premarket/“> premarket coverage here </a> </em>

Morgan Stanley reiterated ServiceTitan Inc (NASDAQ:TTAN) as its Top Pick with a price target of $118.00.

TD Cowen analyst Andrew Sherman maintained ServiceTitan with a Buy Outperform rating, while lowering the price target from $135 to $110.

Price Action:

Wynn Resorts shares rose 0.32% to close at $101.54 on Thursday. Okta Inc gained 5.83% to settle at $94.72 during the session. ServiceTitan shares were up 3.95% to settle at $65.79 on Thursday. Market News and Data brought to you by Benzinga APIs

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