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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Wynn Resorts
Wynn Resorts (WYNN) investor relations material
Wynn Resorts Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 operating revenue was $1,689.1M, down 7.9% YoY; net income attributable to shareholders was $17.3M vs. $88.3M, and diluted EPS was $0.17 vs. $0.85.
Adjusted Property EBITDAR was $464.2M, down $105.9M YoY; lower gaming volumes and unfavorable Las Vegas table hold weighed on results.
9M revenue rose 2.5% to $5,402.7M and attributable net income increased to $277.8M from $227.3M, supported by Wynn Palace growth.
Financial highlights
Q3 operating income was $178.2M vs. $310.5M; net income before noncontrolling interests was $36.8M vs. $128.4M.
Q3 casino revenue fell 10.6% to $1,050.5M; non-casino revenue declined 3.1% to $638.6M, with lower gaming volumes across properties driving most of the decrease.
Q3 Adjusted net income was $33.9M, or $0.33 per diluted share, vs. $88.7M, or $0.86, in Q3 2025.
9M operating income declined to $758.4M from $843.7M; operating expenses rose to $4,644.3M from $4,428.3M.
9M net cash from operations was $742.2M vs. $874.6M, primarily due to working-capital changes.
Segment performance
Las Vegas revenue was $575.2M and Adjusted Property EBITDAR was $158.8M, down 21.9% YoY; margin was 27.6%, and table win was below the expected range.
Encore Boston Harbor revenue was $194.7M and Adjusted Property EBITDAR was $50.1M, down 14.1%; margin was 25.8%, with strike disruption affecting operations.
Macau revenue was $919.2M and Adjusted Property EBITDAR was $255.3M, down 8.2% and 17.2%, respectively; margin was 27.8%.
Wynn Palace Q3 revenue was $583.8M and Adjusted Property EBITDAR was $165.8M; Wynn Macau revenue was $335.4M and Adjusted Property EBITDAR was $89.5M.
Las Vegas ADR rose 3.4% to $522 and RevPAR rose 3.2% to $447; Boston ADR was $430 and RevPAR was $395, down 4.1%.
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Latest events from Wynn Resorts
- Q2 2026 revenue and net income surged, with strong Macau, Las Vegas, and UAE progress.WYNN
Q2 2026 - Shareholders voted on director elections, auditor ratification, and incentive plan changes.WYNNAGM 2026
- Q1 2026 revenue and profit surged, led by Las Vegas and Wynn Palace, with robust shareholder returns.WYNNQ1 2026
- Strong financials, global growth, and performance-based executive pay drive 2026 proxy proposals.WYNNProxy filing
- Key votes include director elections, auditor ratification, and incentive plan share increase.WYNNProxy filing
- Q4 revenue rose, but net income and EBITDAR fell; UAE expansion and liquidity remain strong.WYNNQ4 2025
- Revenue up, net loss down, and $1B buyback as Macau outperforms.WYNNQ3 2024
- Q2 revenue and profit rose, with record EBITDAR and UAE project progress.WYNNQ2 2024
- Q1 2025 profit fell 49.6%, but liquidity and UAE expansion remained strong.WYNNQ1 2025
Next Wynn Resorts earnings date
Q4 20265 Feb, 2027
Wynn Resorts
Next Wynn Resorts earnings date
Q4 20265 Feb, 2027
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Frequently asked questions
Wynn Resorts, Limited operates through Wynn Macau and Wynn Palace operating segments. The company owns and operates Wynn Macau and Encore at Wynn Macau, two luxury integrated resorts; Wynn Palace that includes 1,706 rooms and suites; 13 food and beverage outlets; approximately 290,000 sq ft of retail space featuring 150 stores; recreation and leisure facilities comprising two theater showrooms, a spa and salon, approximately 100,000 square feet of casino space with 310 gaming tables, 521 slot machines, a race and sports book, a poker pit featuring 13 tables, private gambling salons within the casino area, lounges, sky casinos, and pool; as well as convention facilities. The company was founded in 2002 and is based in Las Vegas, Nevada.