Wynn Resorts posted a decrease in third quarter revenues, even as properties in Macau and Las Vegas both saw healthy demand amid slower market conditions.
“Wynn Las Vegas was also negatively impacted by a hold rate outside of our expected range,” said CEO Craig Billins in a statement. “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.”
Operating revenues were $1.69 billion for the third quarter of 2026, a decrease of $144.7 million from $1.83 billion for the same period last year. Net income was $17.3 million for the third quarter of 2026, compared to net income of $88.3 million for the third quarter of 2025.
Diluted net income per share was $0.17 for the third quarter of 2026, compared to diluted net income per share of $0.85 for the prior year, while adjusted property EBITDAR was $464.2 million for the third quarter, compared to $570.1 million for the same period last year.
Billings said the team at Wynn Al Marjan Island, in the United Arab Emirates (UAE) 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.
Operating revenues were $1.69 billion for the third quarter, a decrease of $144.7 million from $1.83 billion for the third quarter of 2025.
For the third quarter, Wynn announced operating revenues decreased $51.7 million, $45.8 million, $30.1 million and $17.1 million at Wynn Palace, our Las Vegas Operations, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025.
Net income attributable to Wynn Resorts, was $17.3 million for the third quarter, compared to net income of $88.3 million for the same period last year. Diluted net income per share was $0.17, compared to diluted net income per share of $0.85 for the third quarter of 2025.
The company posted adjusted net income of $33.9 million, or $0.33 per diluted share, for the third quarter of 2026, compared to adjusted net income of $88.7 million, or $0.86 per diluted share, for the third quarter of 2025.
Adjusted property EBITDAR was $464.2 million for the third quarter of 2026, a decrease of $105.9 million compared to adjusted property EBITDAR of $570.1 million for the third quarter of 2025.
For the third quarter of 2026, adjusted property EBITDAR decreased $44.6 million, $34.5 million, $18.5 million, and $8.3 million at our Las Vegas Operations, Wynn Palace, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025.
