Red Rock Resorts Inc Stock Price, News & Analysis

Red Rock Resorts (NASDAQ: RRR) reported strong financial results for Q2 2025, with net revenues increasing 8.2% to $526.3 million compared to Q2 2024. The company's net income surged 55.1% to $108.3 million, while Adjusted EBITDA grew 13.7% to $229.4 million.

Las Vegas operations showed solid performance with revenues up 6.2% to $513.3 million and Adjusted EBITDA increasing 7.3% to $239.4 million. The company's Native American management segment contributed $10.0 million in development fees. The Board declared a quarterly dividend of $0.25 per Class A share, payable on September 30, 2025.

Red Rock Resorts (NASDAQ: RRR) has scheduled its second quarter 2025 financial results release and conference call for Tuesday, July 29, 2025. The company will host a conference call at 4:30 p.m. ET featuring prepared remarks and a Q&A session.

Investors can access the call by dialing (888) 317-6003 (domestic) or (412) 317-6061 (international) using passcode 7806086. A live audio webcast will be available on the company's website. A replay will be accessible through August 5, 2025 via phone and the company website.

Red Rock Resorts (NASDAQ: RRR) reported strong financial results for Q1 2025, with net revenues increasing 1.8% to $497.9 million compared to Q1 2024. Net income rose 9.7% to $86.0 million, while Adjusted EBITDA grew 2.8% to $215.1 million. Las Vegas operations, which represent the core business, saw revenue growth of 1.9% to $495.0 million.

The company's Board declared a regular quarterly dividend of $0.25 per Class A share payable on June 30, 2025, and a special dividend of $1.00 per share payable on May 21, 2025. The company maintained a solid balance sheet with $150.6 million in cash and cash equivalents, though carrying a total debt of $3.4 billion.

VICI Properties reported strong Q1 2025 results with total revenues increasing 3.4% to $984.2 million. The company announced two major strategic partnerships: a $300 million mezzanine loan investment with Cain International for One Beverly Hills development, and up to $510 million for a tribal casino development with Red Rock Resorts.

Key financial highlights include:

• Net income of $543.6 million ($0.51 per share)
• AFFO growth of 5.6% to $616 million ($0.58 per share)
• Successful $1.3 billion bond offering at 5.34% blended yield
• Total liquidity of $3.2 billion

The company raised its full-year 2025 AFFO guidance and completed a new $2.5 billion multicurrency credit facility. VICI maintained strong balance sheet management with $17.2 billion in total debt and declared a quarterly dividend of $0.4325 per share.

Red Rock Resorts (NASDAQ: RRR) has scheduled its first quarter 2025 financial results release and conference call for Thursday, May 1, 2025. The conference call will take place at 4:30 p.m. ET (1:30 p.m. PT) and will include prepared remarks followed by a Q&A session.

Participants can join the call by dialing (888) 317-6003 (US) or (412) 317-6061 (International) using passcode 1027971. A live audio webcast will be available on the company's website. A replay will be accessible through May 8, 2025, via phone at (877) 344-7529 (US) or (412) 317-0088 (International) using conference ID 2335668, and through the company's website.

Red Rock Resorts (NASDAQ: RRR) reported its Q4 and full-year 2024 financial results. For Q4 2024, net revenues increased 7.1% to $495.7 million, while net income decreased 19.5% to $87.7 million. Adjusted EBITDA showed a slight increase of 0.5% to $202.4 million.

For the full year 2024, net revenues grew 12.5% to $1.94 billion, though net income declined 13.8% to $291.3 million. The company's Las Vegas operations performed well, with revenues increasing 12.6% to $1.93 billion and Adjusted EBITDA rising 7.4% to $879.4 million.

The company declared a quarterly dividend of $0.25 per Class A common share, payable on March 31, 2025. As of December 31, 2024, the company had $164.4 million in cash and cash equivalents, with total debt of $3.4 billion.

Red Rock Resorts (NASDAQ: RRR) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 11, 2025. The company will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT).

Participants can join the conference call by dialing (888) 317-6003 (US) or (412) 317-6061 (International) using passcode 5313857. The call will include prepared remarks and a Q&A session. A live audio webcast will be available on the company's website.

A replay will be accessible through February 18, 2025, via phone at (877) 344-7529 (US) or (412) 317-0088 (International) using conference ID 9448428, and through the company's website.

Baron Capital hosted its 31st Annual Baron Investment Conference at the Metropolitan Opera House, attracting over 5,000 shareholders and clients. The event featured presentations from CEOs of key portfolio companies, including MSCI, Verisk Analytics, Red Rock Resorts, and SpaceX. The conference theme was 'building legacy,' focusing on investments that enable middle-class Americans to participate in the country's growth. The event included entertainment performances by Michael Bublé, Carrie Underwood, and others, plus Tesla Model S vehicles as door prizes and displays of Tesla's Optimus robot.

Red Rock Resorts (NASDAQ: RRR) reported its Q3 2024 financial results with net revenues of $468.0 million, up 13.7% year-over-year. However, net income decreased 19.0% to $55.4 million. Las Vegas operations showed strong performance with revenues of $464.7 million, a 13.9% increase, and Adjusted EBITDA of $202.6 million, up 5.8%. The company declared a quarterly dividend of $0.25 per Class A share, payable December 31, 2024. The company's cash position stood at $117.5 million with total debt of $3.5 billion.