Wynn Resorts, Limited's Q1 results missed Wall Street's expectations. Earnings declines in Wynn's Macau properties caused pressure as the VIP hold faltered and competitive pressure remains high. Tariffs have caused delays on $375 million of Wynn's previously planned U.S. investments. Rising U.S.-China tension may also weigh on consumers, causing an uncertain outlook for WYNN stock.
WYNN's first-quarter top line reflects lower contributions from total Macau, Las Vegas and Encore Boston Harbor operations.
The headline numbers for Wynn (WYNN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wynn Resorts, Limited (NASDAQ:WYNN ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Julie Cameron-Doe - Chief Financial Officer Craig Billings - Chief Executive Officer Brian Gullbrants - Chief Operating Officer, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Sean Kelley - Bank of America David Katz - Jefferies Stephen Grambling - Morgan Stanley Robin Farley - UBS John DeCree - CBRE Brandt Montour - Barclays Ben Chaiken - Mizuho Chad Beynon - Macquarie Joseph Stauff - Susquehanna Operator Welcome to the Wynn Resorts First Quarter 2025 Earnings Call. All participants are in a listen-only mode until the question-and-answer session of today's conference.
Wynn Resorts (WYNN) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.59 per share a year ago.
Revenue fell to $1.7 billion compared with $1.86 billion a year ago. Analysts had expected $1.74 billion.
WYNN's Q1 performance is likely to have benefited from strong domestic demand, solid recovery in Macau and disciplined capital spending.
Wynn (WYNN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The day President Donald Trump announced a list of tariffs volatility was liberated on the S&P 500. But a small group of stocks were unfazed.
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Casino mogul Elaine Wynn, the co-founder of Wynn Resorts, died at the age of 82. She played a significant role in the company's growth and in philanthropy for the Las Vegas area.
She co-founded Wynn Resorts with her ex-husband and was the largest individual shareholder.