NASDAQ$WYNN
Wynn Resorts Ltd · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported a decrease in operating revenues and a net loss attributable to Wynn Resorts, Limited for Q4 2019.
Wynn Resorts, Limited reported operating revenues of $1.65 billion for the fourth quarter of 2019, a decrease of 2.0% compared to the fourth quarter of 2018. The company experienced a net loss attributable to Wynn Resorts, Limited of $72.9 million, or $0.68 per diluted share, compared to net income of $464.9 million, or $4.31 per diluted share, in the fourth quarter of 2018.
- Delivered solid financial results in the fourth quarter of 2019, with Adjusted Property EBITDA growing nearly 12% sequentially compared to the third quarter.
- Investments in Macau position the company well to compete in any market environment, supported by another quarter of record mass table win.
- Strategy at Wynn Las Vegas is producing results, driving year-over-year volume growth in the domestic gaming business along with 3% growth in RevPAR.
- Encore Boston Harbor continues to ramp, nearly doubling its Adjusted Property EBITDA sequentially.
Headline financials
Revenue & EPS history
Wynn Resorts · Revenue · Quarterly
$1.65B
Revenue by segment
Wynn Resorts · $1.65B total across 4 segments · Q4 2019
- Wynn Palace$590M-20.3%35.7%
- Wynn Macau$525M-5.1%31.8%
- Las Vegas Operations$369M-6.3%22.3%
- Encore Boston Harbor$169M—10.2%
Forward guidance
The company is focused on leveraging its premium-focused business model to drive long-term returns for shareholders. In February 2020, they are opening their meeting and convention expansion at Wynn Las Vegas.
Tailwinds
- New Lakeside Casino at Wynn Macau launched.
- Meeting and convention expansion in Las Vegas is complete.
- First groups are welcomed to the new space.
- Premium-focused business model.
- Focus on long-term returns for shareholders.
Headwinds
- Extensive regulation of business.
- Pending or future legal proceedings.
- Ability to maintain gaming licenses and concessions.
- Dependence on key employees.
- General global political and economic conditions.
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 Q4 2019
+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
| Quarter | Report date | Reaction (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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