Wynn Resorts reports lower Q3 revenue and net income across four segments
Results2 min read
Wynn Resorts reported Q3 2026 operating revenue of $1.69 billion and net income attributable to the company of $17.3 million, both lower than a year earlier. Adjusted property EBITDAR was $464.2 million, down from $570.1 million; the company also said union leaders recommended a framework agreement at Encore Boston Harbor to members for a ratification vote.
Wynn Resorts' operating revenue dropped to $1.69bn for the third quarter from $1.83bn in the same period in 2025, according to its results. Net income attributable to Wynn Resorts decreased to $17.3m from $88.3m, with diluted net income per share dropping to $0.17 from $0.85. Adjusted property EBITDAR was $464.2m, down from $570.1m.
Operating revenue fell by $51.7m at Wynn Palace, $45.8m in Las Vegas, $30.1m at Wynn Macau and $17.1m at Encore Boston Harbor compared with Q3 2025. Adjusted property EBITDAR declined by $44.6m in Las Vegas, $34.5m at Wynn Palace, $18.5m at Wynn Macau and $8.3m at Encore Boston Harbor.
A framework for a new contract had been reached between Wynn and union leadership, chief executive Craig Billings said. Union leadership recommended the agreement to members. UNITE HERE members started voting on Thursday, and ratification remained in progress during Wynn's third-quarter earnings call. Its financial terms were not made public.
A 63-day strike at the Boston property began on 4 September after collective bargaining agreements expired on 31 August. About 1,350 union employees took part in the stoppage. The union sought higher wages, continued healthcare and benefits, job security and guaranteed hours.
Wynn has begun considering uses for land across Las Vegas Boulevard from Wynn Las Vegas and Encore Las Vegas, while the UAE development remains its priority. Billings said Wynn was examining how the site could connect to its existing resorts and whether developing it could cost less than a standalone integrated resort. He identified Texas as a market Wynn could consider, while saying the company remained selective about capital deployment in US regional gaming markets.