Xin Lang Cai Jing·2026-02-13 03:23Core Viewpoint - Wynn Macau's stock dropped over 4% following the release of its financial results, indicating market disappointment with the company's performance and future guidance [1] Financial Performance - For Q4 2025, adjusted property EBITDAR for Las Vegas operations, Wynn Palace, Encore Boston Harbor, and Wynn Macau decreased by $26.6 million, $21.1 million, $1.8 million, and $0.7 million respectively compared to Q4 2024 [1] - The property EBITDA for Wynn Macau in Q4 2025 fell by 7% year-on-year to HKD 2.113 billion, aligning with the expectations of a research report but falling 10% short of market expectations [1] - The property EBITDA margin contracted by 3.6 percentage points year-on-year to 28%, which also met the expectations of the research report [1] Capital Expenditure Guidance - The company revised its capital expenditure guidance for 2026 down from the previous range of $450 million to $500 million to a new range of $400 million to $450 million [1]