Red Rock Resort surpasses Q4 expectations with strong casino revenue

2026-02-14 02:37:35

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Las Vegas – Red Rock Resorts, Inc. (NASDAQ: RRR) reported fourth-quarter earnings that exceeded analyst expectations, driven by strong performance in its casino operations and development costs from Native American activities.

The Las Vegas-based casino operator posted adjusted earnings of $0.75 per share for the quarter, significantly above the analyst consensus of $0.49. Revenue reached $511.8 million, surpassing the expected $500.93 million, representing a 3.2% increase from $495.7 million in the same period in 2024.

Casino revenue, which constitutes the largest part of the company’s business, grew to $343 million in the fourth quarter, up from $326.5 million a year earlier. Adjusted EBITDA increased 5.4% to $213.3 million, compared to $202.4 million in Q4 2024.

The company’s operations in Las Vegas, including multiple casino properties in the Las Vegas Valley, generated $505 million in revenue, a 2.5% year-over-year increase. Native American activities contributed $3.7 million in development costs during this quarter.

For the full year 2025, Red Rock Resorts reported net income of $355.7 million, up 22.1% from $291.3 million in 2024, with revenue rising 3.7% to $2.01 billion.

The company’s board of directors announced a quarterly cash dividend of $0.26 per Class A common share for Q1 2026, payable on March 31. Additionally, a special dividend of $1.00 per Class A common share was declared, payable on February 27.

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