WYNNWynn Resorts

Consumer discretionary · Hotels · Nasdaq

Employees: 28,500
Headquarters: Las Vegas, NV
Next results: around Feb 11, 2027

The biggest changes in the 10-K filed 2026-03-02, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

-34.7% Big change FY to 2025-12-31 vs 2024-12-31

“The decrease in net income attributable to Wynn Resorts, Limited for the year ended December 31, 2025 was primarily attributable to an increase in the provision for income taxes of $101.3 million and a decrease of $63.8 million in interest income.”
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Cash from operations

-5.2% FY to 2025-12-31 vs 2024-12-31

“During the year ended December 31, 2025, the decrease in cash flows from operating activities was primarily due to a decrease in operating income at our Macau Operations largely driven by a decrease in rooms revenue.”
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Operating margin

15.9% → 15.7% (-0.2 pts) FY to 2025-12-31 vs 2024-12-31

“The increase in total operating expenses was primarily due to an increase in casino expenses at Wynn Palace and our Las Vegas Operations and an increase in pre-opening expenses at Corporate and other, partially offset by a decrease in depreciation and amortization expense at Encore Boston Harbor and a decrease in property charges and other expenses at our Las Vegas Operations and Corporate and other.”
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Revenue

+0.1% FY to 2025-12-31 vs 2024-12-31

“Room revenues decreased $100.9 million, primarily due to lower ADR across all of our properties.”
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“Food and beverage revenues decreased $31.3 million, primarily due to a decrease in revenues from nightlife venues at our Las Vegas Operations during the year ended December 31, 2025.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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