NASDAQ$RRR

Red Rock Resorts Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Red Rock Resorts Inc reported strong Q2 2025 results with net revenue growth driven by casino and development fees.

For the three months ended June 30, 2025, Red Rock Resorts achieved net revenues of $526.3 million, up 8.2% year-over-year, with operating income rising 19.8% to $168.0 million. Net income reached $108.3 million, supported by Las Vegas operations and a $10.0 million development fee from the North Fork Project. Adjusted EBITDA increased to $229.4 million.

  • Net revenues grew 8.2% to $526.3 million, led by 7.9% casino revenue increase and $10.0 million in development fees.
  • Operating income rose 19.8% to $168.0 million and Adjusted EBITDA reached $229.4 million.
  • Net income attributable to Red Rock was $56.4 million with basic EPS of $0.96.
  • Las Vegas operations generated $513.3 million in revenues while Native American development contributed $10.0 million.

Headline financials

Total Revenue

$526M

Previous: $486M+8.2%
EPS (adj)

$0.96

Previous: $0.59+62.7%
Depreciation and amortization

$48M

Previous: $46.7M+2.8%
Write-downs and other, net

$4.01M

No prior period
Interest expense, net

$50.6M

Previous: $57.4M-11.8%
Change in fair value of derivatives

$2.31M

No prior period
Provision for income tax

$15.9M

Previous: $11.8M+35.1%
Adjusted EBITDA

$229M

Previous: $202M+13.7%
Capital Expenditures

-$1.64M

Previous: -$1.94M+15.7%
Net Income

$56.4M

Previous: $35.7M+58.1%
Operating Income

$168M

Previous: $140M+19.8%
Cash & Equivalents

$145M

Previous: $136M+6.4%
Total Assets

$4.03B

Previous: $4.01B+0.5%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$526M

Q2 2025+8.2%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $526M total across 5 segments · Q2 2025

  • Casino
    $345M
  • Food and beverage
    $94.4M
  • Room
    $51.2M
  • Other
    $25.9M
  • Development fees
    $10M

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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 2016+4.6%+3.5%-4.4%
Q2 2015+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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