Wynn Resorts (WYNN) Q1 2025 10-Q Quarterly Report
Wynn Resorts (WYNN) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on May 6, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Wynn Resorts Q1 2025 10-Q Analysis
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
Wynn Resorts Q1 2025 Quarterly FinancialsXBRL
Revenue
$1.7B
▼ -8.7% YoY
Net Income
$73M
▼ -49.6% YoY
Net Margin
4.3%
▼ -346bp YoY
Source: XBRL data from Wynn Resorts Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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