Markets respond poorly to Wynn Q3 as the Macau slump persists

[MiaLuca]

For the three months ending on September 30, revenue decreased 10.5%, from $994.6 million to $889.7 million.
The company's net loss for the time period was $142.9 million, or $1.27 per share. Losses fell by 14% year over year from $166.2 million in the third quarter of 2021 to this amount. However, losses from $130.1m climbed 9.8% from quarter to quarter.
Adjusted earnings before interest, depreciation, taxes, or amortization (EBIDTA), the company's key performance indicator that shows the portfolio's long-term health, increased 12.2% from $154.6 million to $$173.5 million.

 

[GamblingBoy]

Wynn poor performances was as a result of slump in Macau economy. It's revenue decrease by 10.5% from $994.6 to $889.7 is a challenge Wynn must rise up. Notwinstanding, there is still hope for them.

 

[gwolf666]

It’s notable that while the company's revenue has dropped by 10.5% year-over-year to $889.7 million and net losses have improved slightly compared to last year (a 14% reduction), there are mixed signals in performance. Quarterly losses increased by 9.8%, which could be concerning in terms of short-term operational management. However, the 12.2% rise in adjusted EBITDA to $173.5 million is a strong indicator of the portfolio’s improving health and long-term potential. These figures suggest the company is managing costs better but may face challenges in reversing revenue decline.