Filing Flows › Wynn Resorts (WYNN) › Q1 2025
Wynn Resorts (WYNN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Wynn Resorts (WYNN) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), -9% from a year earlier and -8% from the quarter before. Operating margin was 15.8%, net earnings $72.7M (4.3% of revenue).
Wynn Resorts, Q1 2025: revenue $1.7B (-9% year over year), operating margin 15.8%, net earnings $72.7M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | -8% | -9% |
| Operating profit | $269M | -27% | -26% |
| Net earnings | $72.7M | -74% | -50% |
| Operating cash flow | $134M | -72% | -58% |
What changed
Revenue was $1.7B in Q1 2025, down 9% year over year and down 8% from the previous quarter. Casino was the largest line at 61% of revenue. Casino lost $0.08B year over year (down 7%), 50% of the total change.
Operating profit was $0.27B, a 15.8% margin (down 3.7 points year over year). Total costs fell 5% while revenue fell 9%. Net earnings were $0.07B, down 50% year over year. The effective tax rate was 11.9%.
Operating cash flow was $0.13B (down 58% year over year), 164% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Wynn Resorts' revenue in the first quarter 2025?
Wynn Resorts (WYNN) reported revenue of $1.7B for the first quarter 2025 (Q1 2025), -9% from a year earlier and -8% from the quarter before.
Was Wynn Resorts profitable in the first quarter 2025?
Operating profit was $269M (15.8% of revenue) and net earnings $72.7M.
Source: Wynn Resorts 10-Q on SEC EDGAR.