Red Rock Resorts Reaffirms $3.8B Revenue Guidance and Extends $150M Buyback
Red Rock Resorts hosted its fiscal Q4 earnings call, reaffirming net revenue guidance at $3.8 billion and adjusted EBITDA outlook at $1.1 billion for fiscal 2026. The board maintained its quarterly dividend of $0.10 per share and extended the $150 million share repurchase authorization.
1. Q4 Earnings Call Overview
Red Rock Resorts conducted its fiscal Q4 call, with management reiterating a full-year net revenue target of $3.8 billion and an adjusted EBITDA range of $1.1 billion. Executives noted stable gaming revenue trends across Las Vegas and regional properties.
2. Capital Allocation Plans
The board approved maintaining the quarterly dividend at $0.10 per share and extended the existing $150 million share repurchase program through March 2027. Management emphasized its commitment to returning capital while preserving balance sheet flexibility.
3. 2026 Operational Outlook
Management cited steady demand in gaming and hospitality segments and reiterated planned capital expenditures of $175 million focused on property enhancements. Leadership expressed cautious optimism about leisure travel trends supporting incremental revenue growth.