NASDAQ$WYNN

Wynn Resorts Ltd · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Wynn Resorts reported an increase in operating revenues and a reduced net loss compared to the second quarter of 2020.

Wynn Resorts, Limited reported strong performance in the second quarter of 2021, with significant increases in operating revenues across its properties compared to the same period in 2020. The company's U.S. operations showed particularly strong recovery, with Adjusted Property EBITDA well above pre-pandemic levels. While Macau experienced some challenges, there was encouraging demand during the May holiday period.

  • Operating revenues increased to $990.1 million, up from $85.7 million in the second quarter of 2020.
  • Net loss attributable to Wynn Resorts, Limited was $131.4 million, a significant improvement from the $637.6 million loss in the second quarter of 2020.
  • Adjusted Property EBITDA increased substantially across the company's integrated resort properties.
  • WynnBET online casino and sports betting app is available in six states, with further launches planned.

Headline financials

Total Revenue

$990M

Previous: $85.7M+1055.4%
EPS (adj)

-$1.12

Previous: -$6.14+81.8%
Adjusted Property EBITDAR

$207M

Previous: -$323M+164.1%
Capital Expenditures

-$110M

Previous: -$192M+42.6%
Free Cash Flow

-$241M

Previous: -$829M+70.9%
Net Income

-$131M

Previous: -$638M+79.4%
Operating Income

-$29.5M

Previous: -$523M+94.4%
Gross Profit

$55.3M

Previous: $29.9M+85.0%
Cash & Equivalents

$2.8B

Previous: $3.8B-26.2%
Total Assets

$13B

Previous: $14.9B-12.5%
Stock-Based Comp

$25.1M

Previous: $21.1M+19.1%

Revenue & EPS history

Wynn Resorts · Revenue · Quarterly

$990M

Q2 2021+1,055.4%vs Q2 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Wynn Resorts · $975M total across 4 segments · Q2 2021

  • Las Vegas Operations
    $355M+447.1%
  • Wynn Palace
    $270M+3008.0%
  • Wynn Macau
    $184M+1446.2%
  • Encore Boston Harbor
    $165M+80094.2%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.0%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+1.2%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+18.9%

Q4 2015

Best reaction

-15.6%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%-7.9%+0.6%
Q4 2025+5.1%+7.8%-6.9%
Q3 2025+3.1%+2.0%+2.4%
Q1 2025+0.6%+13.9%-0.3%
Q4 2024+10.4%+14.7%+7.1%
Q3 2024-9.4%-11.9%-0.9%
Q2 2024+1.8%+1.5%+4.9%
Q1 2024-2.2%-1.5%-5.5%
Q4 2023+6.0%+5.7%+0.4%
Q3 2023-8.0%-6.2%-9.4%
Q2 2023+1.1%-3.1%-8.1%
Q4 2022+4.9%+5.5%+4.6%
Q3 2022+2.2%+10.9%+20.7%
Q2 2022-0.8%+4.3%-6.4%
Q1 2022-4.0%+8.1%+8.1%
Q4 2021+2.4%+1.2%-16.5%
Q3 2021-3.0%-0.9%-7.7%
Q2 2021+3.8%+1.1%+5.5%
Q1 2021-1.0%+0.3%+0.3%
Q4 2020+7.9%+4.6%+23.0%
Q3 2020+5.2%+27.0%+49.1%
Q2 2020-2.4%+1.4%+19.6%
Q1 2020-0.1%+3.8%+27.5%
Q4 2019-4.1%-0.2%-28.9%
Q3 2019-0.9%-3.9%-3.9%
Q2 2019-1.1%-2.0%+0.2%
Q1 2019-4.5%-9.3%-18.3%
Q4 2018+5.4%+6.6%+7.2%
Q3 2018-9.7%-9.3%-4.3%
Q2 2018-10.3%-8.3%-11.1%
Q1 2018-5.4%-4.2%+0.2%
Q4 2017+8.5%+0.4%-7.4%
Q3 2017-0.3%+2.8%+11.1%
Q2 2017-4.7%-7.2%-3.2%
Q1 2017+8.3%+6.4%+7.7%
Q4 2016+6.9%+5.2%-2.5%
Q3 2016-10.9%-10.6%+0.4%
Q2 2016-4.2%-5.2%-12.1%
Q1 2016-0.0%
Q4 2015+18.9%
Q3 2015+0.7%
Q2 2015+6.2%
Q1 2015-15.6%
Q4 2014-2.4%
Q3 2014+1.2%
Q2 2014+3.6%
Q1 2014+8.7%
Q4 2013+12.1%
Q3 2013+1.0%
Q2 2013+1.6%
Q1 2013+3.0%
Q4 2012+2.3%
Q3 2012+5.3%
Q2 2012-0.9%
Q1 2012-6.4%
Q4 2011+6.1%
Q4 2010+6.1%
Q3 2011-7.3%
Q2 2011+6.1%
Q1 2010+3.7%
Q1 2011+4.2%
Q4 2008+2.6%
Q1 2009+2.6%
Q4 2009+2.6%
Q3 2009+0.7%
Q3 2010+0.7%
Q2 2009-0.1%
Q2 2010-0.1%

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