AI English summary of an SEC filing — figures as filed
Wynn Resorts WYNNThe company said operating revenues for Q3 2024 were $1.69 billion, up $21.4 million from a year earlier, and its net loss attributable to Wynn Resorts, Limited was $32.1 million ($116.7 million a year earlier). Adjusted Property EBITDAR was $527.7 million, compared with $530.4 million a year earlier.
Key points
AI summaryThe company said operating revenues for Q3 2024 were $1.69 billion, up $21.4 million from a year earlier, and its net loss attributable to Wynn Resorts, Limited was $32.1 million ($116.7 million a year earlier). Adjusted Property EBITDAR was $527.7 million, compared with $530.4 million a year earlier.
Wynn Resorts said operating revenues for Q3 rose $56.9 million at Wynn Macau and $3.7 million at Encore Boston Harbor, and fell $11.8 million at the Las Vegas Operations and $5.0 million at Wynn Palace. It said Adjusted Property EBITDAR increased $22.7 million at Wynn Macau and decreased $17.0 million at the Las Vegas Operations.
The company said its Board of Directors on November 1, 2024 authorized repurchases of up to $1.0 billion of its common stock, increasing the previous repurchase authorization by approximately $766 million. The authorization has no expiration date. It also declared a quarterly cash dividend of $0.25 per share, payable on November 27, 2024.
The company said cash and cash equivalents were $2.41 billion as of September 30, 2024, and total current and long-term debt outstanding was $11.79 billion. Separately, WML and WRF held short-term restricted cash of $600.0 million and $605.9 million, respectively, which were used in October 2024 to repay or repurchase certain senior notes.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q3 2024 Revenue, Net Loss and Adjusted Property EBITDAR
The company said operating revenues for Q3 2024 were $1.69 billion, up $21.4 million from a year earlier, and its net loss attributable to Wynn Resorts, Limited was $32.1 million ($116.7 million a year earlier). Adjusted Property EBITDAR was $527.7 million, compared with $530.4 million a year earlier.
Source · Based on the filing body and exhibits
Wynn Regional Revenue and Adjusted Property EBITDAR Changes in Q3
Wynn Resorts said operating revenues for Q3 rose $56.9 million at Wynn Macau and $3.7 million at Encore Boston Harbor, and fell $11.8 million at the Las Vegas Operations and $5.0 million at Wynn Palace. It said Adjusted Property EBITDAR increased $22.7 million at Wynn Macau and decreased $17.0 million at the Las Vegas Operations.
Source · Based on the filing body and exhibits
Share Repurchase Authorization Raised to $1.0 billion and Quarterly Dividend
The company said its Board of Directors on November 1, 2024 authorized repurchases of up to $1.0 billion of its common stock, increasing the previous repurchase authorization by approximately $766 million. The authorization has no expiration date. It also declared a quarterly cash dividend of $0.25 per share, payable on November 27, 2024.
Source · Based on the filing body and exhibits
Cash and Total Debt Balances as of September 30, 2024
The company said cash and cash equivalents were $2.41 billion as of September 30, 2024, and total current and long-term debt outstanding was $11.79 billion. Separately, WML and WRF held short-term restricted cash of $600.0 million and $605.9 million, respectively, which were used in October 2024 to repay or repurchase certain senior notes.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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