智通财经网·2026-02-13 03:13Group 1 - The core viewpoint of the article indicates that Wynn Macau's stock dropped over 4% following the release of its financial results, with a current trading price of HKD 5.83 and a transaction volume of HKD 40.53 million [1] - Wynn Macau reported a decrease in adjusted property EBITDAR for its Las Vegas operations, Wynn Palace, Encore Boston Harbor, and Wynn Macau for Q4 2025 compared to Q4 2024, with declines of USD 26.6 million, USD 21.1 million, USD 1.8 million, and USD 0.7 million respectively [1] - According to a report from Credit Lyonnais, Wynn Macau's property EBITDA for Q4 2025 fell by 7% year-on-year to HKD 2.113 billion, aligning with the bank's expectations but falling 10% short of market expectations due to declines in VIP and mass market win rates [1] Group 2 - The property EBITDA margin contracted by 3.6 percentage points year-on-year to 28%, which also met the bank's expectations [1] - The company revised its capital expenditure guidance for 2026 down from the previous range of USD 450 million to 500 million to a new range of USD 400 million to 450 million [1]