Published on 8 May 2024 on Zacks via Yahoo Finance

Wynn Resorts (WYNN) Q1 Earnings & Revenues Beat Estimates

Wynn Resorts, Limited WYNN reported impressive first-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Also, the top and the bottom line rose year over year.During the quarter, the company reported strong performance in non-gaming businesses, with 16% year-on-year revenue growth. The upside was primarily driven by a 21% increase in hotel revenues and healthy casino volumes. In Las Vegas, WYNN’s emphasis on superior service, continuous property reinvestment and exclusive programming sustained growth. It stated that the positive momentum extended into April, with healthy year-over-year growth in drop, handle and revenue per available room (RevPAR).

Following the results, the stock moved up 2.5% during the after-hour trading session on May 7.

Q1 Earnings & Revenues