Wynn Resorts Q1 revenues $1.42B, net income $12.3M; reinstates $0.25 quarterly dividend

WYNN RESORTS LTD

2022-Q1 EPS reported -$0.02 revenue$1,423,679,000

Operating revenues $1.42B, up 49% YoY from $953.3M; net income $12.3M vs net loss $183.3M.
Adjusted Property EBITDAR $429.7M (+142% YoY); all resorts profitable for first time in three years.
Dividend of $0.25 per share reinstated, payable June 6 to holders of record May 23.
Las Vegas Operations record Adjusted Property EBITDAR of $231.6M; Macau operations rebound with Wynn Palace EBITDAR $111.1M.
Cash and equivalents $3.84B; total debt $12.25B; completed $600M note offering and convertible bond issuance.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WYNN RESORTS LTD reported the quarter ended March 31, 2023 results: revenue $1.42 billion, net income $12.3 million, EPS $0.02.

Period: the quarter ended March 31, 2023
Revenue: $1.42 billion
Net income: $12.3 million
EPS: $0.02
Result: reported results

Exact text from the filing

Operating revenues were $1.42 billion for the first quarter of 2023, an increase of $470.3 million, from $953.3 million for the first quarter of 2022. Net income attributable to Wynn Resorts, Limited was $12.3 million for the first quarter of 2023, compared to net loss attributable to Wynn Resorts, Limited of $183.3 million for the first quarter of 2022. Diluted net loss per share was $0.02 for the first quarter of 2023, compared to diluted net loss per share of $1.59 for the first quarter of 2022.

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Source: SEC EDGAR

accession 0001174922-23-000104

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