Casino operator Red Rock's  Q3 revenue beats estimates, partly helped by Las Vegas operations

Red Rock Resorts

28/10/2025 20:10

Overview

Red Rock Q3 revenue rose 1.6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 beats analyst estimates, increasing 4.5% yr/yr

Company authorizes $300 mln more for share repurchase program, extending to 2027

Outlook

Company did not provide specific guidance for future quarters or full year in its press release

Result Drivers

LAS VEGAS OPERATIONS - Revenue from Las Vegas operations increased slightly, contributing to overall revenue growth

NET INCOME GROWTH - Significant increase in net income attributed to improved operational efficiency and cost management

NATIVE AMERICAN REVENUE - Development fees from Native American activities contributed to revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$475.57 mln
$475.10 mln (12 Analysts)
Q3 EPS
$0.68
Q3 Net Income
$76.88 mln
Q3 Adjusted EBITDA
Beat
$190.90 mln
$184.40 mln (12 Analysts)
Q3 EBIT
$131.48 mln
Q3 Pretax Profit
$83.49 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Red Rock Resorts Inc is $65.00, about 10.1% above its October 27 closing price of $58.44

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn50RmVza

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)