Red Rock Resorts Q2 revenue beats estimates

Red Rock Resorts

29/07/2025 21:10

Corrects EPS figure in key details table

Overview

Red Rock Resorts Q2 revenue rises 8.2% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 beats consensus, rising 13.7% yr/yr

Net income for Q2 increases 55.1% yr/yr to $108.3 mln

Result Drivers

LAS VEGAS OPERATIONS - Net revenues from Las Vegas operations increased by 6.2%, contributing significantly to overall revenue growth

NATIVE AMERICAN FEES - $10 mln revenue catch-up from Native American management activities boosted results

DEVELOPMENT GAINS - Gain on Native American development contributed positively to net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$526.27 mln
$485.60 mln (11 Analysts)
Q2 EPS
$0.95
Q2 Net Income
$108.25 mln
Q2 Adjusted EBITDA
Beat
$229.40 mln
$195.70 mln (11 Analysts)
Q2 EBIT
$168.03 mln
Q2 Pretax Profit
$124.18 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "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 $58.00, about 5.7% above its July 28 closing price of $54.72

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nPn6pnGl3a

(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.)