Wynn Resorts Posts Higher-Than-Expected 4Q Profit, Revenue on Strong Casino, Overseas Business

Dow Jones

14 Feb

By Connor Hart

Wynn Resorts logged higher-than-expected profit and revenue in the fourth quarter, fueled by its casino business and market-share gains in China.

The Las Vegas operator of casinos and resorts on Thursday reported a profit of $277 million, or $2.29 a share, compared with $729.2 million, or $6.19 a share, a year earlier. Last year's quarter included an income tax benefit of $474.2 million, the company said.

Adjusted per-share earnings came in at $2.42, exceeding the $1.27 that analysts polled by FactSet had forecast.

Revenue was flat at $1.84 billion and came in ahead of the $1.77 billion that analysts were looking for, according to FactSet.

Casino revenue rose to $1.11 billion from $1.07 billion. The increase offset sales of rooms, food and beverage, and entertainment and retail, which notched year-over-year declines.

Chief Executive Craig Billings said the company delivered a strong quarterly performance in Las Vegas, while driving market-share gains in Macau, thanks to its premium offerings. He added that the company should benefit from the construction of its Wynn Al Marjan Island project in the United Arab Emirates.

Shares rise 1.8%, to $81.95, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 13, 2025 16:50 ET (21:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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He added that the company should benefit from the construction of its Wynn Al Marjan Island project in the United Arab Emirates. \n</p>\n<p>\n  Shares rise 1.8%, to $81.95, in after-hours trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 16:50 ET (21:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WYNN","symbol_name":"永利度假村","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511508764","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511508764","pubTimestamp":1739483400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Wynn Resorts logged higher-than-expected profit and revenue in the fourth quarter, fueled by its casino business and market-share gains in China.The Las Vegas operator of casinos and resorts on Thursday reported a profit of $277 million, or $2.29 a share, compared with $729.2 million, or $6.19 a share, a year earlier. 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