Red Rock Resorts Q1 revenue rises 1.9%, slightly beats estimates

Red Rock Resorts

29/04/2026 21:19

Overview

US casino operator's Q1 revenue rose 1.9%, slightly beating analyst expectations

Adjusted EBITDA for Q1 declined 1.2% and missed analyst consensus

Net income for Q1 fell 3.8% from a year earlier

Outlook

Company did not provide specific guidance or outlook for future quarters or full year

Result Drivers

CASINO AND FOOD & BEVERAGE REVENUE - Revenue growth in Q1 was driven by higher casino and food and beverage revenues

INCREASED OPERATING COSTS - Higher selling, general and administrative expenses and depreciation contributed to lower profitability

NATIVE AMERICAN FEES - New management and development fees from Native American activities contributed to revenue

Company press release: ID:nPn9WXKz3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$507.32 mln
$505.50 mln (14 Analysts)
Q1 Net Income
$82.72 mln
Q1 Adjusted EBITDA
Miss
$212.63 mln
$217.42 mln (14 Analysts)
Q1 EBIT
$143.68 mln
Q1 Pretax Profit
$95.85 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $74.50, about 34.2% above its April 28 closing price of $55.53

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)