Wynn Resorts, developer and operator of high-end hotels and casinos, goes live with the report, sharing the financial results from Q1 2024. According to the stats, a notable growth of $439.2 million was seen compared to the previous year’s report encompassing the same period, resulting in impressive operating revenue of $1.86 billion for the first quarter of 2024.
Compared to net income attributable to Wynn Resorts in Q1 2023, this year’s net income grew substantially, amounting to $144.2 million. Diluted net income per share was $1.30 for the first quarter of 2024, whereas last year’s Q1 was $0.02.
Furthermore, Adjusted Property earnings before interest, taxes, depreciation, amortization, and restructuring (EBITDAR) or rent costs for this year’s first quarter experienced notable improvement as well, going all the way up to $646.5 million. As a small reminder, in Q1 2023, Adjusted Property EBITDAR was $429.7 million.
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