WYNN Q4 Revenue Beat, EBITDA Misses Spark Selloff.
Wynn Resorts reported Q4 2025 revenue of $1.87B that topped estimates, but adjusted EPS ($1.17) and adjusted EBITDA ($455.2M) missed expectations, driving a sharp stock drop on Feb. 12 and a partial rebound the following day. Heavy volume, margin pressure, and heightened options-implied volatility underscore investor focus on profitability recovery, Macau trends, and progress at the Al Marjan development.