Red Rock Resorts beats Q4 revenue estimates; declares special dividend

Red Rock Resorts

10/02/2026 21:10

Overview

Casino operator's Q4 revenue rose 3.2%, beating analyst expectations

Adjusted EBITDA for Q4 increased 5.4%, beating analyst expectations

Company declared a special dividend of $1.00 per share

Outlook

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

Result Drivers

LAS VEGAS OPERATIONS - Revenue from Las Vegas operations increased by 2.5%, contributing significantly to overall revenue growth

NATIVE AMERICAN FEES - Revenue from Native American activities was $3.7 mln, attributed to development fees

ADJUSTED EBITDA GROWTH - Adjusted EBITDA increased by 5.4%, driven by improved performance in Las Vegas operations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$511.78 mln
$502.60 mln (14 Analysts)
Q4 Net Income
$84.59 mln
Q4 Adjusted EBITDA
Beat
$213.30 mln
$206.10 mln (14 Analysts)
Q4 EBIT
$143.56 mln
Q4 Pretax Profit
$95.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "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 $69.00, about 5.3% above its February 9 closing price of $65.51

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nPn38nXvfa

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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.)