Earnings GuidanceEstimates for 4Q remain roughly unchanged due to the difficult sports hold which RSI is factoring into its guidance for both the NFL and European Soccer.
Revenue GrowthDespite revenue growth slowing, operating leverage will improve, in analyst's view, and flow-through will be maintained in the mid-35% range in 2025.
ValuationThe multiple, trading at 14.8x 2026E consensus EBITDA, represents one of the most expensive names across the gaming, lodging, and leisure space and is well above historical international multiples.