NASDAQ$RRR

Red Rock Resorts Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Red Rock Resorts reported mixed results for Q4 2022, with revenue increasing slightly but net income decreasing.

Red Rock Resorts reported a slight increase in revenue for the fourth quarter of 2022, but net income and Las Vegas operations' revenue decreased compared to the same period in 2021. Adjusted EBITDA increased, and the company declared a cash dividend for the first quarter of 2023.

  • Net revenues increased by 0.7% to $425.5 million.
  • Net income decreased by 14.9% to $170.2 million.
  • Adjusted EBITDA increased by 2.5% to $194.4 million.
  • Las Vegas operations' net revenues decreased by 0.2% to $419.6 million.

Headline financials

Total Revenue

$425M

Previous: $422M+0.7%
EPS (adj)

$1.49

Previous: $1.66-10.2%
Adjusted EBITDA

$194M

Previous: $190M+2.5%
Depreciation and amortization

$31.1M

Previous: $33.4M-6.9%
Interest expense, net

$40.2M

Previous: $25M+60.6%
Provision for income tax

$12M

Previous: -$70.4M+117.0%
Net Income

$170M

Previous: $200M-14.9%
Operating Income

$222M

Previous: $161M+37.4%
Gross Profit

$274M

Previous: $275M-0.5%
Cash & Equivalents

$117M

Previous: $275M-57.4%
Total Assets

$3.35B

Previous: $3.14B+6.5%
Stock-Based Comp

$4.72M

Previous: $3.29M+43.4%

Revenue & EPS history

Red Rock Resorts · Revenue · Quarterly

$425M

Q4 2022+0.7%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Red Rock Resorts · $423M total across 4 segments · Q4 2022

  • Casino
    $283M-2.1%
  • Food and beverage
    $73.8M+7.2%
  • Room
    $44.4M+2.5%
  • Other
    $21.6M+5.5%

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 2022

Historical avgQ4 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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