NASDAQ$RRR

Red Rock Resorts Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Red Rock Resorts' financial performance decreased in Q2 2022 compared to the same period in 2021.

Red Rock Resorts reported a decrease in net revenues, net income, and adjusted EBITDA for the second quarter of 2022 compared to the same period in 2021. Net revenues decreased by 1% to $422.2 million, net income decreased significantly to $32.4 million, and adjusted EBITDA decreased by 10% to $188.9 million.

  • Net revenues decreased by 1% to $422.2 million.
  • Net income decreased to $32.4 million.
  • Adjusted EBITDA decreased by 10% to $188.9 million.
  • Cash and cash equivalents were $256.3 million as of June 30, 2022.

Headline financials

Total Revenue

$422M

Previous: $428M-1.4%
EPS (adj)

$0.26

Previous: $1.12-76.8%
Adjusted EBITDA

$189M

Previous: $210M-10.1%
Depreciation and amortization

$33.1M

Previous: $36.2M-8.5%
Interest expense, net

$28.7M

Previous: $25.6M+12.2%
Provision for income tax

$8.07M

Previous: $581K+1289.0%
Free Cash Flow

$15.7M

Previous: $86.7M-81.8%
Net Income

$15.7M

Previous: $86.7M-81.8%
Operating Income

$68.2M

Previous: $169M-59.5%
Gross Profit

$422M

Previous: $428M-1.4%
Cash & Equivalents

$256M

Previous: $91M+181.7%
Total Assets

$3.07B

Previous: $3.5B-12.2%
Stock-Based Comp

$4.63M

Previous: $3.37M+37.3%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$422M

Q2 2022-1.4%vs Q2 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $422M total across 4 segments · Q2 2022

  • Casino
    $281M-7.7%
  • Food and beverage
    $73.8M+13.7%
  • Room
    $44.3M+13.1%
  • Other
    $23.3M+18.7%

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 Q2 2022

Historical avgQ2 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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