Wynn Q3 Net Income Falls to $17.3M; Board Declares $0.25 Dividend
WYNN is trading near its 52-week low of $70.79 (5.9% above the low).
Summary
Wynn's Q3 revenue fell 7.9% to $1.69 billion and net income dropped to $17.3 million as Las Vegas hold came in below the expected range. The board declared a $0.25 dividend, and the company repurchased $58.1 million of stock in the quarter.
Key Events · Earnings and Guidance · WYNN
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Q3 Revenue and Profit Decline
Operating revenues were $1.69 billion, down $144.7 million from $1.83 billion a year earlier. Net income attributable to Wynn fell to $17.3 million, or $0.17 per diluted share, from $88.3 million and $0.85.
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Las Vegas Hold Miss Drives EBITDAR Drop
Adjusted Property EBITDAR fell to $464.2 million from $570.1 million. Las Vegas table games win of 18.9% was below the property's expected 22%-26% range, and Las Vegas EBITDAR dropped to $158.8 million from $203.4 million.
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$0.25 Quarterly Dividend Declared
The board declared a $0.25 per share cash dividend payable November 30, 2026 to stockholders of record as of November 16, 2026.
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Buybacks Executed Above Current Price
The company repurchased 627,475 shares in Q3 at an average $92.61 for $58.1 million, leaving $268.0 million of repurchase authority. Today's price is $75.00.
Analysis · WYNN · Real Estate & Construction
The quarter was weak across the board, with revenue down 7.9% to $1.69 billion and Adjusted Property EBITDAR sliding to $464.2 million from $570.1 million a year ago. Las Vegas bore the brunt: table games win of 18.9% landed well below the 22%-26% expected range, and the Encore Boston Harbor strike weighed on that property. Net income attributable to Wynn fell to $17.3 million ($0.17 per diluted share) from $88.3 million ($0.85). Against that backdrop, the board kept the $0.25 quarterly dividend, and the company bought back 627,475 shares for $58.1 million at an average $92.61 — well above today's $75.00, so that capital went out at a higher price than the stock trades now. The UAE project, Wynn Al Marjan Island, is now targeted for a September 2027 opening, with $1.12 billion of cash contributed life-to-date.
How filings like this one have moved
In the 30 days to Nov 6, 2026, 35.2% of the 2653 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WYNN was trading at $75.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $8.2B. The 52-week trading range was $70.79 to $134.72. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.