Wynn Resorts reports lower Q3 2026 revenue and net income

Third-quarter 2026 operating revenues came to $1.69 billion, which was $144.7 million lower than the $1.83 billion recorded a year before. Net income for the third quarter of 2026 totaled $17.3 million, while the third quarter of 2025 had produced $88.3 million.

On a diluted per-share basis, net income was $0.17 for the third quarter, against $0.85 in the third quarter of 2025. For the third quarter of 2026, adjusted net income was $33.9 million, or $0.33 per diluted share, whereas the third quarter of 2025 showed $88.7 million, or $0.86 per diluted share. Adjusted property EBITDAR reached $464.2 million in the third quarter of 2026, which was $105.9 million less than the $570.1 million of the third quarter of 2025.

Compared with the third quarter of 2025, operating revenues dropped $51.7 million at Wynn Palace, $45.8 million at Las Vegas Operations, $30.1 million at Wynn Macau and $17.1 million at Encore Boston Harbor. Versus the third quarter of 2025, adjusted property EBITDAR declined $44.6 million at Las Vegas Operations, $34.5 million at Wynn Palace, $18.5 million at Wynn Macau and $8.3 million at Encore Boston Harbor.

The chief executive said in a statement that Wynn Las Vegas was also negatively affected by a hold rate outside the company's expected range. He said the Boston team managed through a strike that began in early September. Billings said finishing works are continuing at Wynn Al Marjan Island in the United Arab Emirates, including the interior fit-out of all guest rooms. The company is working towards a planned opening in September 2027.