Wynn Resorts reported solid gains in revenue and adjusted earnings during a third quarter marked by what it said was impressive growth in Macau.
Operating revenue was $1.83 billion for the third quarter, an increase of $140.4 million from $1.69 billion for the third quarter of 2024. Net income attributable was $88.3 million compared to net loss of $32.1 million for the third quarter of 2024.
Diluted net income per share was $0.85 for the third quarter of 2025 compared to diluted net loss per share of $0.29 for the third quarter of 2024. Adjusted property EBITDAR was $570.1 million for the third quarter compared to adjusted Property EBITDAR of $527.7 million for the third quarter of 2024.
“Our third quarter results were marked by impressive EBITDA growth in Macau and continued outperformance in Las Vegas,” said Craig Billings, CEO of Wynn Resorts. “In Macau, we achieved healthy market share and saw a significant increase in mass table drop year over year. In Las Vegas, the team delivered another quarter of year-over-year EBITDA growth and continued to take gaming market share. We also made significant progress on the completion of Wynn Al Marjan Island, where we’re now pouring concrete for the remaining few floors of the 70-story tower.”
For the third quarter, operating revenue increased $115.7 million, $13.8 million, and $13.6 million at Wynn Palace, Las Vegas, and Wynn Macau, respectively, and decreased $2.4 million at Encore Boston Harbor, from the third quarter of 2024.
For the third quarter, adjusted Property EBITDAR increased $38.0 million, $7.4 million, and $0.7 million at Wynn Palace, Wynn Macau, and Las Vegas, respectively, and decreased $4.6 million at Encore Boston Harbor, from the third quarter of 2024.
Wynn Resorts also announced today that its Board of Directors declared a cash dividend of $0.25 per share, payable on November 26 to stockholders of record as of November 17.