WYNN - Wynn Resorts GAAP EPS of -$0.02 misses by $0.05 revenue of $1.42B beats by $50M
2023-05-09 16:04:01 ET
- Wynn Resorts press release ( NASDAQ: WYNN ): Q1 GAAP EPS of -$0.02 misses by $0.05 .
- Revenue of $1.42B (+49.0% Y/Y) beats by $50M .
- Shares -0.63% .
- Adjusted Property EBITDAR was $429.7 million for the first quarter of 2023, an increase of 142.0% compared to Adjusted Property EBITDAR of $177.6 million for the first quarter of 2022.
- "For the first time in over three years, each of our resorts is generating strong financial results, which is once again a testament to our team's relentless focus on delivering five-star hospitality and experiences to our guests," said Craig Billings, CEO of Wynn Resorts, Limited. "In the U.S., Wynn Las Vegas and Encore Boston Harbor are firing on all cylinders, generating a new all-time record for Adjusted Property EBITDAR at our combined North American properties during the quarter. In Macau, after several challenging years, we were pleased to experience a meaningful return of visitation and demand, particularly in our mass gaming and retail businesses. We believe we are well-positioned for success in Macau's next phase of growth."
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Wynn Resorts GAAP EPS of -$0.02 misses by $0.05, revenue of $1.42B beats by $50M