Wynn Resorts (NASDAQ:WYNN) delivered Q2 results on Wednesday that outperformed analysts’ predictions, driven by the ongoing post-COVID rebound in Macau, a prominent gambling hub, which effectively countered the sluggishness observed in North America. Following the announcement, Wynn Resorts saw more than a 3% increase in pre-market today.
The reported figures highlighted an adjusted EPS of $0.91, coupled with a revenue of $1.60 billion. This performance exceeded the Street expectations of an EPS of $0.64 and revenue of $1.54 billion.
Specifically, the operational income in Macau experienced a remarkable turnaround, surging from a loss of $185.3 million in the corresponding period of the previous year to a gain of $121.7 million. Conversely, income in Las Vegas declined from $261.8 million in the prior year to $123.3 million.