Short answer
Wynn Resorts (WYNN) filed its Q1 2025 10-Q quarterly report on May 6, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $1.7B (down 8.7% year over year) with net income of $73M.
Q1 2025 key financials · XBRL
- Revenue
- $1.7B
- −8.7% YoY
- Net income
- $73M
- −49.6% YoY
- Operating margin
- 15.8%
- EPS (diluted)
- $0.69
- −46.9% YoY
Source: XBRL data from the Wynn Resorts (WYNN) Q1 2025 10-Q on SEC EDGAR. USD.
Wynn Resorts Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- No newly added risk factors this quarter; risk disclosures remain consistent with prior 10-K
- Most materially updated risk: Macau Operations revenue decline due to lower VIP win as % turnover dropping from 3.39% to 1.09% at Wynn Macau, hitting near-term profitability
- Compliance risk: heightened foreign currency remeasurement losses $8.4M vs $4.7M due to Macau pataca/USD fluctuations impacting debt valuations
- Operational risk: continued dependence on limited key resort locations for cash flow with Macau & Las Vegas revenues down 13.3% and 1.8%, respectively, impacting near-term performance
- Financial risk: weighted average debt balance down to $10.94B from $11.92B, interest rate decreased from 6.11% to 5.76%, lowering interest expense $24.8M QoQ
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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