Wynn Resorts revenue continues growing in Q3 2023
Wynn Resorts continued experiencing rapid revenue growth in the third quarter of the year.
The headline figure of Wynn’s latest quarterly financial analysis was a revenue of 1.67 billion dollars, which increased from last year’s revenue of 890 million dollars and represented a growth rate of more than 87%. This follows the company’s similarly impressive growth rate in the second quarter of the year, during which Wynn’s revenue grew by 70% year-over-year.
This expansion rate was also reflected in the company’s performance throughout the first nine months of the year, with the firm’s revenue being just under 4.7 billion dollars, up from last year’s 2.75 billion dollars. Wynn Resorts was also able to generate an operating income of 62.6 million dollars in the third quarter and 482.4 million dollars in the first nine months of this year, up from last year’s losses of 53 million dollars and 200 million dollars in Q3 and 9M respectively.
However, the firm’s net income was still in the negatives for the third quarter at a loss of 120.5 million dollars, although it was less than last year’s loss of 207.8 million dollars. Wynn’s net income in the first nine months of the year, on the other hand, was 8.4 million dollars, up from last year’s loss of more than 675 million dollars.