Wynn Resorts has published its financial report for Q2 2024 revealing operating revenues of $1.73 billion, an 8% increase year-on-year, but a drop of 7% compared to the prior reporting period.
According to the report, revenues grew by $137.1 million from $1.6 billion reported in Q2 of 2023. Net income amounted to $111.9 million for the reporting period, up by 5.7% from the $105.2 million reported in the corresponding period in 2023.
Meanwhile, Adjusted Property EBITDAR was $571.7 million for the reporting period, compared to $524.5 million for the second quarter of 2023.
Q2 2024 Key Highlights
Group results
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Wynn Resorts Reports 8% Increase in Revenues for Q2 2024
- Operating expenses – $1.46 billion, up by 8.95%
- Operating income – $269.6 million, up by 7.7% Wynn Resorts Reports 8% Increase in Revenues for Q2 2024
Individual resort and subsidiary operating incomes (losses)
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Wynn Resorts Reports 8% Increase in Revenues for Q2 2024
- Wynn Macau – $61.1 million
- Las Vegas Operations – $124.7 million
- Encore Boston Harbor – ($17.8 million)
During the quarter, we also finalized a transaction to acquire our pro-rata share of the land on Al Marjan Island Three, including a sizable land bank for potential future development opportunities for Wynn Resorts or for selected third parties complementary to Wynn Al Marjan.”
WYNN stock currently has a Market Cap of $8.54 B, trading at $100.71.
