Wynn Macau Limited (1128.HK) Q4 2024 Earnings Report

Wynn Macau Limited reported QQ4 2024 revenue of HKD 7.003 billion, a year-over-year decline of 10.98%, with a gross profit of HKD 2.842 billion and a gross margin of approximately 40.6%. EBITDA was HKD 1.796 billion (EBITDA margin ~25.6%), and operating income reached HKD 1.209 billion (operating margin ~17.3%). Net income for the quarter was HKD 803 million, translating to a net margin of about 11.5% and an earnings per share (EPS) of HKD 0.15. The results reflect a softer Macau gaming environment in 2024 and a higher expense base, including notable other expenses of HKD 1.429 billion that pressured pretax income.