What changed
Wynn Resorts reported Q3 FY26 adjusted EPS of $0.33, a sharp miss versus the $0.58 consensus (-43.1%), with revenue of $1.69B down 7.7% YoY. The top-line decline was driven by lower operating revenues across all regions, including Wynn Palace (-$51.7M), Las Vegas Operations (-$45.8M), Wynn Macau (-$30.1M), and Encore Boston Harbor (-$17.1M). Management flagged that Wynn Las Vegas was negatively impacted by a table games hold rate outside of its expected range, while Macau properties saw healthy demand amid slower market conditions.
Why it matters
Wynn Resorts reported Q3 FY26 adjusted EPS of $0.33, a sharp miss versus the $0.58 consensus (-43.1%), with revenue of $1.69B down 7.7% YoY. The top-line decline was driven by lower operating revenues