AI English summary of an SEC filing — figures as filed
Wynn Resorts WYNNWynn Resorts said operating revenues for Q4 2024 were $1.84 billion, flat compared to the prior-year quarter, and net income attributable to Wynn Resorts, Limited was $277.0 million, compared to $729.2 million in the prior-year quarter. The company said net income attributable to Wynn Resorts, Limited for Q4 2023 included an income tax benefit of $474.2 million.
Key points
AI summaryWynn Resorts said operating revenues for Q4 2024 were $1.84 billion, flat compared to the prior-year quarter, and net income attributable to Wynn Resorts, Limited was $277.0 million, compared to $729.2 million in the prior-year quarter. The company said net income attributable to Wynn Resorts, Limited for Q4 2023 included an income tax benefit of $474.2 million.
Wynn Resorts said operating revenues for 2024 were $7.13 billion, an increase of $596.1 million compared to the prior year, and Adjusted Property EBITDAR was $2.36 billion, an increase of $250.0 million. The company said 2024 set an annual record for Adjusted Property EBITDAR.
Wynn Resorts said operating revenues from Wynn Palace for Q4 2024 were $562.9 million, an increase of $38.6 million, and Adjusted Property EBITDAR was $184.6 million, while operating revenues from Wynn Macau were $363.7 million, a decrease of $22.5 million.
Wynn Resorts said it repurchased 2,143,666 shares of its common stock during Q4 2024 at an average price of $93.44 for an aggregate cost of $200.3 million. As of December 31, 2024, the company said it had $813.0 million in repurchase authority remaining under the equity repurchase program.
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.
Q4 2024 Operating Revenues and Net Income
Wynn Resorts said operating revenues for Q4 2024 were $1.84 billion, flat compared to the prior-year quarter, and net income attributable to Wynn Resorts, Limited was $277.0 million, compared to $729.2 million in the prior-year quarter. The company said net income attributable to Wynn Resorts, Limited for Q4 2023 included an income tax benefit of $474.2 million.
Source · Based on the filing body and exhibits
2024 Operating Revenues and Adjusted Property EBITDAR
Wynn Resorts said operating revenues for 2024 were $7.13 billion, an increase of $596.1 million compared to the prior year, and Adjusted Property EBITDAR was $2.36 billion, an increase of $250.0 million. The company said 2024 set an annual record for Adjusted Property EBITDAR.
Source · Based on the filing body and exhibits
Q4 2024 Wynn Palace and Wynn Macau Results
Wynn Resorts said operating revenues from Wynn Palace for Q4 2024 were $562.9 million, an increase of $38.6 million, and Adjusted Property EBITDAR was $184.6 million, while operating revenues from Wynn Macau were $363.7 million, a decrease of $22.5 million.
Source · Based on the filing body and exhibits
Q4 2024 Share Repurchases and Remaining Repurchase Authority
Wynn Resorts said it repurchased 2,143,666 shares of its common stock during Q4 2024 at an average price of $93.44 for an aggregate cost of $200.3 million. As of December 31, 2024, the company said it had $813.0 million in repurchase authority remaining under the equity repurchase program.
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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