Red Rock Resorts Q2 revenue falls on Las Vegas weaker operations

Red Rock Resorts

04/08/2026 21:19

Overview
US casino operator's Q2 revenue fell 3% yr/yr but beat analyst expectations
Adjusted EBITDA for Q2 declined 9% yr/yr but beat analyst expectations
Net income for Q2 dropped 29% yr/yr

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
LAS VEGAS OPERATIONS - Lower revenues from Las Vegas operations contributed to overall decline in Q2 results
NATIVE AMERICAN SEGMENT - Sharp drop in Native American management and development fees weighed on revenue and profit

Company press release: ID:nPn6QgKSTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$510.26 mln
$502.08 mln (16 Analysts)
Q2 Net Income
 
$76.59 mln
 
Q2 Adjusted EBITDA
Beat
$208 mln
$198.46 mln (16 Analysts)
Q2 EBIT
 
$136 mln
 
Q2 Pretax Profit
 
$90.08 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 2 "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 $72.00, about 9.7% above its August 3 closing price of $65.61
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

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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.)