According to the report, revenues grew by $439.2 million from $1.42 billion reported in Q1 of 2023. Net income amounted to $144.2 million/€ million for the reporting period, up by 1072% from the $12.3 million reported in the corresponding period in 2023.
Wynn Resorts Reports 31% Increase in Revenues for Q1 2024Q3 Key Highlights
Group results
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Wynn Resorts Reports 31% Increase in Revenues for Q1 2024
- Operating expenses – $1.49 billion, up by 19.2% Wynn Resorts Reports 31% Increase in Revenues for Q1 2024
- Net income – $176.4 million, up by 15373.6%
Individual resort and subsidiary operating incomes (losses)
- Wynn Palace – $586.9 million
- Wynn Macau – $411.7 million
- Las Vegas Operations – $636.5 million Wynn Resorts Reports 31% Increase in Revenues for Q1 2024
Speaking of the latest results, Craig Billings, CEO of Wynn Resorts said:
Wynn Resorts Reports 31% Increase in Revenues for Q1 2024On the development front, vertical construction on the hotel tower at Wynn Al Marjan Island is well underway, and we are confident the resort will be a ‘must see’ tourism destination in the UAE. We are excited about the outlook for the Company, and we believe we are well positioned to deliver continued long-term growth.”
WYNN stock currently has a Market Cap of $10.65 B, trading at $95.04.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.