Wynn Resorts (WYNN) reported net income attributable to the company of $17.3 million in the third quarter of 2026, compared with $88.3 million in the same period of 2025. Diluted earnings per share (EPS) were $0.17, versus $0.85 a year earlier. Operating revenues totaled $1.69 billion, a decline of $144.7 million from 3Q25.
Adjusted earnings per share (non-GAAP, which excludes items the company considers nonrecurring) were $0.33, with adjusted net income of $33.9 million. In 3Q25, adjusted net income was $88.7 million, or $0.86 per share. Adjusted Property EBITDAR (earnings before interest, taxes, depreciation, amortization and rent, with adjustments) was $464.2 million, compared with $570.1 million in 3Q25.
By region, revenue fell $51.7 million at Wynn Palace, $45.8 million in Las Vegas, $30.1 million at Wynn Macau and $17.1 million at Encore Boston Harbor. In Las Vegas, the table games win percentage was 18.9%, below the expected range of 22% to 26%. CEO Craig Billings said Las Vegas was affected by a gaming outcome outside the expected range and that, in Boston, the team operated through the strike that began in early September.
The board of directors approved a dividend of $0.25 per share, payable on November 30, 2026 to shareholders of record on November 16, 2026. During the quarter, the company repurchased 627,475 shares for $58.1 million, at an average price of $92.61, and $268.0 million remains under the repurchase authorization.
As of September 30, 2026, cash was $1.64 billion and total debt was $10.73 billion. In September, the company issued $900.0 million of 6.875% senior notes due 2035 and used the proceeds to redeem 5.250% notes due 2027. The opening of Wynn Al Marjan Island, in the United Arab Emirates, is scheduled for September 2027.
