NASDAQ$RRR

Red Rock Resorts Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Red Rock Resorts reported an increase in net revenues and net income for the third quarter of 2021.

Red Rock Resorts announced its Q3 2021 financial results, with net revenues of $414.8 million, a 17% increase from Q3 2020. Net income rose to $117.9 million, a 64% increase compared to the same period last year. Adjusted EBITDA was $184.5 million, up 15% from Q3 2020. The company's Las Vegas operations saw a 29% increase in net revenues, reaching $412.7 million.

  • Net revenues increased by 17% to $414.8 million compared to Q3 2020.
  • Net income increased by 64% to $117.9 million compared to Q3 2020.
  • Adjusted EBITDA increased by 15% to $184.5 million compared to Q3 2020.
  • Las Vegas operations net revenues increased by 29% to $412.7 million compared to Q3 2020.

Headline financials

Total Revenue

$415M

Previous: $353M+17.4%
EPS (adj)

$0.93

Previous: $0.37+151.4%
Adjusted EBITDA

$185M

Previous: $161M+14.7%
Depreciation and amortization

$34M

Previous: $57.3M-40.6%
Interest expense, net

$25.3M

Previous: $29.8M-15.1%
Provision for income tax

$354K

No prior period
Free Cash Flow

$71.2M

Previous: $43.6M+63.3%
Net Income

$71.2M

Previous: $43.6M+63.3%
Operating Income

$143M

Previous: $101M+41.6%
Gross Profit

$415M

Previous: $353M+17.4%
Cash & Equivalents

$89.9M

Previous: $109M-17.4%
Total Assets

$3.5B

Previous: $3.81B-8.1%
Stock-Based Comp

$3.33M

Previous: $633K+425.3%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$415M

Q3 2021+17.4%vs Q3 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $414M total across 4 segments · Q3 2021

  • Casino
    $289M+20.5%
  • Food and beverage
    $64.8M+41.3%
  • Room
    $39.5M+79.1%
  • Other
    $21.1M+45.4%

Forward guidance

Red Rock Resorts 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 Q3 2021

Historical avgQ3 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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