Wynn Resorts reports revenue increase
Operating revenues were $1.87bn, up $27.2m year-over-year.
US.- Wynn Resorts has reported financial results for the fourth quarter ended December 31, 2025. Operating revenues were $1.87bn in Q4, up $27.2m year-over-year. Net income attributable to Wynn Resorts was $100m, compared to $277m for the same period in 2024. Adjusted Property EBITDAR was $568.8m, compared to $619.1m.
Operating revenues from Wynn Palace were $596.4m, up $33.4m from the same period in 2024. Adjusted Property EBITDAR was $163.5m, compared to $184.6m for Q4 2024. Wynn Macau generated revenue of $371.3m, up $7.7m from the same period in 2024. Adjusted Property EBITDAR was $107.4m, compared to $108.2m in Q4 2024.
Las Vegas operations generated $688.1m in revenue, down $11.4m from $699.5m. Adjusted Property EBITDAR was $240.8m, compared to $267.4m. Operating revenues from Encore Boston Harbor were $210.2m, a decrease of $2.5m from the same period in 2024, while adjusted Property EBITDAR was $57m, compared to $58.8m.
For the full year, operating revenues were $7.14bn, up by $10m compared to the previous year. Net income attributable to Wynn Resorts was $327.3m, compared to $501.1m for 2024. Adjusted Property EBITDAR was $2.22bn, down by $140.8m.
Craig Billings, CEO of Wynn Resorts, said: “Our fourth quarter results reflect continued strength throughout the business and ongoing progress in our global development initiatives. The team in Las Vegas delivered another quarter of healthy EBITDA highlighted by year-on-year improvement in ADRs and strong volumes in the casino. In Macau, we saw substantial increases in both VIP turnover and mass table drop, year-on-year as well as sequentially. We also reached a significant milestone towards the completion and planned first quarter 2027 opening of Wynn Al Marjan Island, having topped out the tower in the quarter.”
Recently, Wynn Resorts announced the appointment of Craig Jeffrey Fullalove as chief financial officer. Fullalove was the CFO and chief administrative officer of Wynn Resorts’ Macau operations, and its Hong Kong-listed entity, Wynn Macau.
