NASDAQ$RRR

Red Rock Resorts Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Red Rock Resorts reported an increase in net revenues and net income for the first quarter of 2022.

Red Rock Resorts reported a strong first quarter in 2022, with net revenues increasing by 14% to $401.6 million and net income reaching $92.2 million, a significant improvement from the net loss in the same period of 2021. Adjusted EBITDA also increased by 14% to $178.7 million.

  • Net revenues increased by 14% to $401.6 million compared to the same period in 2021.
  • Net income was $92.2 million, a substantial increase from a net loss of $106.6 million in the first quarter of 2021.
  • Adjusted EBITDA increased by 14% to $178.7 million.
  • Las Vegas operations saw a 17% increase in net revenues, reaching $399.7 million.

Headline financials

Total Revenue

$402M

Previous: $353M+13.9%
EPS (adj)

$0.77

Previous: $1.48-48.0%
Adjusted EBITDA

$179M

Previous: $157M+14.1%
Depreciation and amortization

$33.4M

Previous: $54.3M-38.4%
Interest expense, net

$26.7M

Previous: $27.3M-2.2%
Provision for income tax

$12.7M

Previous: $217K+5761.3%
Free Cash Flow

$48.3M

Previous: -$64.8M+174.6%
Net Income

$48.3M

Previous: -$64.8M+174.6%
Operating Income

$131M

Previous: -$71.2M+283.8%
Gross Profit

$402M

Previous: $353M+13.9%
Cash & Equivalents

$337M

Previous: $118M+185.4%
Total Assets

$3.21B

Previous: $3.54B-9.3%
Stock-Based Comp

$3.51M

Previous: $2.74M+27.9%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$402M

Q1 2022+13.9%vs Q1 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $401M total across 4 segments · Q1 2022

  • Casino
    $280M+7.6%
  • Food and beverage
    $65.7M+40.2%
  • Room
    $36.8M+67.6%
  • Other
    $19.2M+23.3%

Forward guidance

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.5%

Avg return

30 days after

48%

20 / 42 earnings

Positive

+16.5%

Q1 2020

Best reaction

-11.6%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.2%-5.6%+4.1%
Q4 2025-2.9%-7.8%-13.4%
Q3 2025-11.6%-8.7%-1.1%
Q1 2025+3.4%+4.1%+13.7%
Q4 2024+1.3%+3.7%-11.5%
Q3 2024-5.9%-7.4%-12.5%
Q2 2024-4.5%-2.1%-7.1%
Q1 2024-7.4%-7.4%-6.4%
Q4 2023+5.2%+7.6%+4.1%
Q3 2023+1.8%+1.4%+8.9%
Q2 2023-5.5%-8.1%-6.8%
Q1 2023+1.8%-0.9%-0.8%
Q4 2022-0.9%+0.1%-6.0%
Q3 2022+5.3%+6.2%+13.9%
Q2 2022-0.7%+3.6%-5.6%
Q1 2022-8.1%-12.8%-11.6%
Q4 2021+2.7%+7.8%+4.3%
Q3 2021-9.5%-8.6%-11.7%
Q2 2021-1.1%-3.6%+14.5%
Q1 2021+3.1%+5.0%+21.7%
Q4 2020-0.3%+2.7%+24.1%
Q3 2020-8.1%-2.3%+13.1%
Q2 2020+7.1%+19.1%+47.6%
Q1 2020+16.5%+29.9%+27.8%
Q4 2019+10.8%+6.6%-33.4%
Q3 2019-6.9%-6.6%-2.1%
Q2 2019-7.5%+0.2%+11.5%
Q1 2019-5.6%-4.2%-22.8%
Q4 2018+4.3%+6.2%-1.9%
Q3 2018+4.7%-5.2%-4.6%
Q2 2018-1.2%-3.0%-5.4%
Q1 2018+7.2%+8.4%+14.1%
Q4 2017-3.0%-5.9%-15.2%
Q3 2017+6.3%+6.3%+26.0%
Q2 2017-4.4%-7.9%-5.3%
Q1 2017-1.3%-1.0%+1.9%
Q4 2016-4.8%-2.8%-0.1%
Q3 2016+2.5%+2.7%+7.0%
Q4 2015+4.6%+3.5%-4.4%
Q2 2015+4.6%+3.5%-4.4%
Q2 2016+4.6%+3.5%-4.4%
Q1 2016+1.5%+3.8%+2.7%
Q3 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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