Wynn Resorts Q4 2022 net income $32.4M, North American properties hit record EBITDAR

WYNN RESORTS LTD

2022-FY EPS reported -$3.73 revenue$3,756,825,000

Q4 2022 operating revenues were $1.00B, down $48.2M from Q4 2021, while net income attributable swung to $32.4M from a loss of $177.2M.
Adjusted Property EBITDAR rose to $195.1M from $149.1M; Las Vegas Operations and Encore Boston Harbor set a new Q4 record for combined North American EBITDAR.
Wynn Palace and Wynn Macau reported revenue declines of $80.9M and $54.5M respectively; Macau operations received a new 10-year gaming concession.
In December 2022, closed the Encore Boston Harbor sale-leaseback, receiving $1.7B in proceeds with initial annual rent of $100M.
During 2022, the company repurchased 2,956,331 shares for $171.3M; cash and equivalents totaled $3.65B as of Dec 31, 2022.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WYNN RESORTS LTD reported the fourth quarter and year ended December 31, 2022 results: revenue $1.00 billion, net income $32.4 million, or $0.29 per diluted share.

Period: the fourth quarter and year ended December 31, 2022
Revenue: $1.00 billion
Net income: $32.4 million, or $0.29 per diluted share
Result: reported results

Exact text from the filing

8, 2023 — Wynn Resorts, Limited (NASDAQ: WYNN) (the "Company") today reported financial results for the fourth quarter and year ended December 31, 2022. Operating revenues were $1.00 billion for the fourth quarter of 2022, a decrease of $48.2 million, from $1.05 billion for the fourth quarter of 2021. Net income attributable to Wynn Resorts, Limited was $32.4

View on SEC.gov

Browse all earnings releases →

WYNN RESORTS LTD filing history →

Source: SEC EDGAR

accession 0001174922-23-000023

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.