NASDAQ$RRR

Red Rock Resorts Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Red Rock Resorts' Q4 2021 earnings increased compared to Q4 2020.

Red Rock Resorts reported a net revenue of $422.4 million and a net income of $200.1 million for Q4 2021. Adjusted EBITDA was $189.7 million, reflecting a 26% increase from the same period in 2020. The company continued to operate several of its properties, while Texas Station, Fiesta Rancho, and Fiesta Henderson remained closed, and the sale of the Palms Casino Resort was completed.

  • Net revenues for the fourth quarter of 2021 were $422.4 million, up 23% from $343.4 million in Q4 2020.
  • Net income for the fourth quarter of 2021 was $200.1 million, a significant increase from $49.6 million in the same period of 2020.
  • Adjusted EBITDA for the fourth quarter of 2021 was $189.7 million, a 26% increase from $150.5 million in Q4 2020.
  • Net revenues from Las Vegas operations were $420.5 million for the fourth quarter of 2021, up 33% from $316.2 million in the same period of 2020.

Headline financials

Total Revenue

$422M

Previous: $343M+23.0%
EPS (adj)

$1.66

Previous: $0.39+325.6%
Adjusted EBITDA

$190M

Previous: $151M+26.0%
Depreciation and amortization

$33.4M

Previous: $57.6M-42.1%
Interest expense, net

$25M

Previous: $28.6M-12.6%
Provision for income tax

-$70.4M

No prior period
Net Income

$200M

Previous: $49.6M+303.2%
Operating Income

$161M

Previous: $78.6M+105.1%
Gross Profit

$275M

Previous: $226M+21.9%
Cash & Equivalents

$275M

Previous: $121M+127.1%
Total Assets

$3.14B

Previous: $3.74B-16.0%
Stock-Based Comp

$3.29M

Previous: $2.61M+26.0%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$422M

Q4 2021+23%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $422M total across 4 segments · Q4 2021

  • Casino
    $289M+20.4%
  • Food and beverage
    $68.9M+57.5%
  • Room
    $43.3M+123.2%
  • Other
    $20.5M+46.4%

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 Q4 2021

Historical avgQ4 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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