Red Rock Resorts Beats Q4 Estimates with $512M Revenue and 81% EPS Surprise
Red Rock Resorts generated $511.78 million in Q4 revenue, up 3.2% year-over-year, surpassing estimates by 2.1%, while EPS of $0.75 delivered an 81% surprise despite matching last year's $0.76. Casino operations drove performance with $343 million revenue (+5% YoY) offsetting a 9.8% drop in room sales to $47.2 million.
1. Q4 Revenue and Earnings
Red Rock Resorts reported Q4 revenue of $511.78 million, a 3.2% increase year-over-year, beating consensus by 2.07%. Adjusted EPS was $0.75, nearly flat versus $0.76 in Q4 2024, but delivered an 81.07% upside to the $0.41 estimate.
2. Segment Performance
Las Vegas operations net revenue reached $504.99 million versus $493.61 million expected, up 2.5% year-over-year. Casino revenue rose 5% to $343 million, Food & Beverage climbed 1.3% to $93.26 million, while Room revenue fell 9.8% to $47.2 million.
3. Adjusted EBITDA Highlights
Adjusted EBITDA for Las Vegas operations was $231.13 million versus a $217.31 million estimate. Corporate EBITDA loss was $21.58 million (in line with forecasts) and Native American management EBITDA was $3.73 million, topping the $3.30 million consensus.