Wynn Resorts generates $1.87B in Q4 operating revenue
Wynn Resorts posted mixed results for Q4 and 2025 overall, as operating revenue increased from $1.84 billion to $1.87 billion; however, adjusted property EBITDAR decreased from $619.1 million to $568.8 million.
Net income also fell from $277 million to $100 million in Q4, while full-year results showed $7.14 billion in revenue in 2025, almost equal to the $7.13 billion in 2024. On the other hand, full-year net income fell from $501 million in 2024 to $327 million in 2025, and adjusted property EBITDAR reached $2.22 billion, down from $2.36 billion in 2024.
Turning to the Las Vegas segment, Wynn generated $240.8 million in adjusted property EBITDAR on $688.1 million in revenue during the last quarter, which was $11.4 million less than in the same period in 2024.
Wynn Resorts CEO Craig Billings commented:
“We feel good about our ability to perform really, really well in 2026. I mean, by any kind of historical standards, Wynn Las Vegas is absolutely crushing it.”
Encore Boston Harbor reached $210.2 million in revenue and $57 million in adjusted property EBITDAR. Meanwhile, Wynn’s Macau venues, including Wynn Palace and Wynn Macau, generated $270.9 million in adjusted property EBITDAR on $967.7 million in revenue. VIP turnover jumped 48% year-over-year, while mass drop climbed 18%.
Wynn is also moving forward with the construction of Wynn Al Marjan Island in the UAE, as in Q4, the company topped out the 70th floor of the tower.
With a degree in politics & governance, research and writing has always been a strong side of mine. With AffPapa, I use my skills to present to the reader the latest news, articles, as well as interviews with industry representatives from the iGaming sphere in the most exciting but at the same time informative manner.

















