Business
Red Rock Resorts Announces Third Quarter 2025 Results
LAS VEGAS, Oct. 28, 2025 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results
About this update from Red Rock Resorts, Inc.
[{"type":"text","content":"\n LAS VEGAS, Oct. 28, 2025 /PRNewswire/ -- Red Rock Resorts, Inc. (\"Red Rock Resorts,\" \"we\" or the \"Company\") (NASDAQ: RRR) today reported financial results for the third quarter ended September 30, 2025.\n \n Third Quarter Results\n \n \n Consolidated Operations\n \n \n Net revenues were $475.6 million for the third quarter of 2025, an increase of 1.6%, or $7.6 million, from $468.0 million in the same period of 2024.\n Net income was $76.9 million for the third quarter of 2025, an increase of 38.8%, or $21.5 million, from $55.4 million in the same period of 2024.\n Adjusted EBITDA(1) was $190.9 million for the third quarter of 2025, an increase of 4.5%, or $8.2 million, from $182.7 million in the same period of 2024.\n \n \n Las Vegas Operations \n \n \n Net revenues from Las Vegas operations were $468.6 million for the third quarter of 2025, an increase of 0.8%, or $3.9 million, from $464.7 million in the same period of 2024.\n Adjusted EBITDA from Las Vegas operations was $209.4 million for the third quarter of 2025, an increase of 3.4%, or $6.8 million, from $202.6 million in the same period of 2024.\n \n \n Native American\n \n \n Net revenues and adjusted EBITDA from Native American activities were $3.9 million for the third quarter of 2025, representing revenue related to development fees.\n \n \n Balance Sheet Highlights \n \n The Company's cash and cash equivalents at September 30, 2025 were $129.8 million and total principal amount of debt outstanding at the end of the third quarter was $3.4 billion.\n \n Quarterly Dividend\n \n The Company's Board of Directors has declared a cash dividend of $0.26 per Class A common share for the fourth quarter of 2025. The dividend will be payable on December 31, 2025 to all stockholders of record as of the close of business on December 15, 2025. \n Prior to the payment of such dividend, Station Holdco LLC (\"Station Holdco\") will make a cash distribution to all unit holders of record, including the Company, of $0.26 per unit for a total distribution of approximately $28.9 million, approximately $16.9 million of which is expected to be distributed to the Company and approximately $12.0 million of which is expected to be distributed to the other unit holders of record of Station Holdco.\n \n Share Repurchase Program\n \n The Company's Board of Directors has authorized an addit...