The earnings call highlighted Red Rock Resorts' record-breaking quarter for Las Vegas operations and strong performance across all business lines, driven by the successful opening of Durango Casino Resort and strategic investments. While there are concerns related to renovation disruptions and high debt levels, the company's financial performance and strategic initiatives indicate a positive outlook.

Company Guidance -

Q3 2025

During Red Rock Resorts' second quarter of 2025 conference call, the company reported its highest quarterly net revenue and adjusted EBITDA in its 49-year history, driven by strong performance at its Las Vegas operations. The Las Vegas segment's net revenue reached $513.3 million, a 6.2% increase, while adjusted EBITDA was $239.4 million, up 7.3%. The adjusted EBITDA margin increased by 47 basis points to 46.7%. On a consolidated basis, net revenue, including a $10 million contribution from the North Fork project, was $526.3 million, marking an 8.2% rise, and adjusted EBITDA was $229.4 million, up 13.7%, with a 212 basis point increase in margin to 43.6%. The company converted 54% of its adjusted EBITDA into operating free cash flow, generating $124.3 million or $1.18 per share. The Durango Casino Resort significantly contributed to performance, adding over 108,000 new customers since its 2023 opening and delivering a return net of cannibalization of over 15%. The company plans to continue investing in its properties and expects a full revenue recovery over the next few years, supported by demographic growth in the Las Vegas Valley.

Record-Breaking Quarter for Las Vegas Operations

Red Rock Resorts achieved its highest quarterly net revenue and adjusted EBITDA in its 49-year history, with a 6.2% increase in Las Vegas operations net revenue to $513.3 million and a 7.3% increase in adjusted EBITDA to $239.4 million.

Durango Casino Resort Performance

Durango Casino Resort added over 108,000 new customers to the database since its opening, with high spend per visit and a return net of cannibalization of over 15%.

Strong Growth Across All Business Lines

Hotel and Food and Beverage divisions achieved near-record revenue and profitability, while the Gaming segment delivered the highest revenue and profitability in company history.

Significant Free Cash Flow Generation

The company converted 54% of adjusted EBITDA into operating free cash flow, generating $124.3 million or $1.18 per share, with year-to-date cumulative free cash flow of $217.3 million.

Strategic Investments and Shareholder Returns

Investments in Durango, Sunset Station and Green Valley Ranch, along with debt reduction, dividends, and share repurchases reflect strategic capital deployment, with $189 million returned to shareholders year-to-date.

Red Rock Resorts (RRR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RRR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.37 / -	0.279	―	―	―
Jul 29, 2025	2025 (Q2)	0.41 / 0.55	0.59	-6.95% (-0.04)
May 01, 2025	2025 (Q1)	0.55 / 0.43	0.413	4.84% (+0.02)	―
Feb 11, 2025	2024 (Q4)	0.43 / 0.45	0.546	-17.58% (-0.10)	―
Nov 07, 2024	2024 (Q3)	0.36 / 0.28	0.344	-18.90% (-0.06)	―
Jul 23, 2024	2024 (Q2)	0.44 / 0.59	0.382	54.45% (+0.21)	―
May 07, 2024	2024 (Q1)	0.56 / 0.41	0.433	-4.62% (-0.02)	―
Feb 07, 2024	2023 (Q4)	0.45 / 0.55	0.892	-38.79% (-0.35)	―
Nov 07, 2023	2023 (Q3)	0.41 / 0.34	0.482	-28.63% (-0.14)	―
Aug 03, 2023	2023 (Q2)	0.47 / 0.38	0.26	46.92% (+0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RRR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$55.01	$60.01	+9.09%
May 01, 2025	$41.17	$42.67	+3.64%
Feb 11, 2025	$49.32	$49.95	+1.28%
Nov 07, 2024	$53.64	$51.34	-4.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Red Rock Resorts (RRR) report earnings?

Red Rock Resorts (RRR) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Red Rock Resorts (RRR) earnings time?

Red Rock Resorts (RRR) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is RRR EPS forecast?

RRR EPS forecast for the fiscal quarter 2025 (Q3) is 0.37.

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