Wynn Resorts Stock Down on Q3 Earnings Miss, Revenues Up Y/Y

Core Insights - Wynn Resorts, Limited (WYNN) reported mixed third-quarter 2025 results, with earnings missing the Zacks Consensus Estimate but revenues exceeding expectations, showing an 8.3% year-over-year increase [1][4][10] Financial Performance - Adjusted earnings per share (EPS) for the quarter were 86 cents, below the Zacks Consensus Estimate of $1.09, compared to 90 cents in the prior-year quarter [4][10] - Quarterly operating revenues reached $1.83 billion, surpassing the consensus mark by 3.9% [4] Operational Highlights - Strong performance was noted across Wynn Resorts' properties, particularly in Macau and Las Vegas, with Macau benefiting from market share gains and increased mass table drop [2][10] - Wynn Palace's operating revenues were $635.5 million, up 22.3% year over year, while casino revenues increased by 29.8% to $542.4 million [5] - Wynn Macau's operating revenues were $365.5 million, reflecting a 3.9% year-over-year increase, with casino revenues rising 6% to $314.5 million [6][7] - Las Vegas operations generated $621 million in revenues, a 2.3% increase year over year, with casino revenues jumping 11.3% to $161.6 million [8] Project Developments - Progress was made on the Wynn Al Marjan Island project, with construction advancing toward completion [2] Cash Position and Debt - As of September 30, 2025, Wynn Resorts had cash and cash equivalents totaling $1.49 billion, down from $1.98 billion in the prior quarter [13] - Total outstanding debt amounted to $10.57 billion, including $5.81 billion related to Macau operations [13] Market Reaction - WYNN stock experienced a 1% decline in after-hours trading following the earnings release [3]