NASDAQ$RRR

Red Rock Resorts Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Red Rock Resorts reported an increase in revenue and net income for Q2 2021, driven by strong performance in Las Vegas operations, despite some properties remaining closed.

Red Rock Resorts announced strong second-quarter results, with net revenues reaching $428.2 million and net income at $143.4 million. Adjusted EBITDA was $210.2 million. The results were significantly improved compared to the same period in 2020, which was heavily impacted by property closures due to the COVID-19 pandemic.

  • Net revenues increased by 295% compared to Q2 2020, reaching $428.2 million.
  • Net income improved by $261.8 million compared to Q2 2020, resulting in a net income of $143.4 million.
  • Adjusted EBITDA increased by $227.4 million compared to Q2 2020, totaling $210.2 million.
  • Las Vegas operations net revenues increased by 322% compared to Q2 2020, amounting to $426.4 million.

Headline financials

Total Revenue

$428M

Previous: $108M+294.7%
EPS (adj)

$1.12

Previous: -$1.01+210.9%
Adjusted EBITDA

$210M

Previous: -$17.3M+1318.2%
Depreciation and amortization

$36.2M

Previous: $57.9M-37.6%
Interest expense, net

$25.6M

Previous: $34M-24.6%
Provision for income tax

$581K

No prior period
Free Cash Flow

$86.7M

Previous: -$71.5M+221.2%
Net Income

$86.7M

Previous: -$71.5M+221.2%
Operating Income

$169M

Previous: -$93.7M+279.9%
Gross Profit

$428M

Previous: $108M+294.7%
Cash & Equivalents

$91M

Previous: $270M-66.3%
Total Assets

$3.5B

Previous: $4.03B-13.1%
Stock-Based Comp

$3.37M

Previous: $3.59M-6.0%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$428M

Q2 2021+294.7%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $428M total across 4 segments · Q2 2021

  • Casino
    $304M+302.4%
  • Food and beverage
    $64.9M+333.0%
  • Room
    $39.2M+613.0%
  • Other
    $19.6M+204.7%

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q2 2021

Historical avgQ2 2021

-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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