Core Insights - Red Rock Resorts reported strong second-quarter fiscal 2025 earnings, with GAAP revenue of $526.3 million, surpassing analyst expectations of $488.1 million, and GAAP EPS of $0.95, significantly higher than the anticipated $0.41 [1][2] - The company experienced a 55.1% year-over-year increase in net income, reaching $108.3 million, driven by robust business trends and development progress [1][2] Financial Performance - Q2 2025 GAAP revenue was $526.3 million, an 8.2% increase from $486.4 million in Q2 2024 [2] - GAAP EPS for Q2 2025 was $0.95, up 61.0% from $0.59 in Q2 2024 [2] - Adjusted EBITDA reached $229.4 million, reflecting a 13.7% increase from $201.7 million in the previous year [2] - Las Vegas operations contributed significantly, with adjusted EBITDA of $239.4 million, a 7.3% increase from $223.1 million [2] Business Operations - The company operates a network of casino resorts and entertainment venues in Las Vegas, including major properties like Red Rock and Green Valley Ranch [3] - Key business drivers include strategic property locations, high-margin gaming revenue, and loyalty initiatives aimed at local residents [4] - Recent operational highlights included a 6.2% year-over-year revenue increase in Las Vegas, reaching $513.3 million, supported by resilient visitation and new property additions [5] Development and Investments - The company is actively reinvesting in its properties, with ongoing projects including a $120 million expansion at Durango, $53 million in upgrades at Sunset Station, and a $200 million refurbishment at Green Valley Ranch [8] - A one-time revenue boost of $10 million from Native American management was noted, linked to a unique development fee [6] Future Outlook - Management expressed confidence in the business model's resilience, citing stability in local casino spending and strong database growth [10] - The company did not provide specific financial guidance but acknowledged potential short-term disruptions from ongoing renovations [10][11] - A regular quarterly dividend of $0.25 per share was declared, alongside a special dividend of $1.00 related to the North Fork project's capital return [9][11]

Red Rock Resorts (RRR) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +137.50%. A quarter ago, it was expected that this company would post earnings of $0.47 per share when it actually produced earnings of $0.8, delivering a surprise of +70.21%.Over the last four quarters, the company ...

Financial Data and Key Metrics Changes - The second quarter net revenue was $513.3 million, up 6.2% from the prior year [8] - Adjusted EBITDA was $239.4 million, up 7.3% from the prior year, with an adjusted EBITDA margin of 46.7%, an increase of 47 basis points [8] - Consolidated net revenue, including $10 million from the North Fork project, was $526.3 million, up 8.2% from the prior year [8] - Adjusted EBITDA on a consolidated basis was $229.4 million, up 13.7% from the prior year, with an adjusted EBITDA margin of 43.6%, an increase of 212 basis points [9] - The company generated $124.3 million in operating free cash flow, bringing year-to-date cumulative free cash flow to $217.3 million [9] Business Line Data and Key Metrics Changes - The gaming segment achieved the highest revenue and profitability in the company's history, driven by strong visitation and spend per visit [10] - The hotel division recorded its highest second quarter revenue and profit, supported by increased average daily rate (ADR) and occupancy [10] - The food and beverage division also achieved near-record results, benefiting from higher cover counts across outlets [10] - Group Sales and Catering delivered near-record second quarter revenue and profit, with positive momentum expected to continue [11] Market Data and Key Metrics Changes - The Las Vegas locals market showed continued strength, with the company focusing on core local guests while also attracting regional and national customers [9] - The opening of the Durango Casino Resort added over 108,000 new customers to the database, expanding the Las Vegas locals market [5] Company Strategy and Development Direction - The company is focused on reinvesting in existing properties to enhance amenities and deliver best-in-class customer service while returning capital to shareholders [7] - Significant investments are being made in the Durango Casino Resort, Sunset Station, and Green Valley Ranch properties [13][16] - The company is strategically positioned with over 450 acres of developable land in desirable locations throughout the Las Vegas Valley, supporting long-term growth [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business and long-term growth prospects, despite expected seasonal visitation patterns and construction disruptions [11] - The company anticipates full revenue recovery over the next couple of years, supported by strong demographic growth in the Las Vegas Valley [6] - Management highlighted the positive impact of tax legislation on discretionary income for customers, which is expected to benefit the company [38][41] Other Important Information - The company declared a regular cash dividend of $0.25 per Class A common share and a special dividend of $1 per Class A common share [19] - Total distributions to LLC unitholders were approximately $200.3 million, including share repurchases totaling $31 million [12] Q&A Session Summary Question: Can you unpack where you're finding incremental operating leverage and any impact from renovations on EBITDA? - Management noted strength across all business lines, with the best table and slot hold in company history and record hotel revenue and profitability [24] Question: What is the timeline for construction disruption? - Management indicated that the bulk of disruption is expected in Q3 and Q4, with some impacts already seen at Green Valley [32][34] Question: How are new customer sign-ups performing, especially in light of the Strip's slowdown? - Management reported strong positive performance across all segments, with significant growth in new sign-ups, particularly from the Durango property [47] Question: What is the expected impact of tax relief on the locals market? - Management expects the tax legislation to enhance discretionary income for customers, benefiting the company [38] Question: What are the expectations for group bookings in Q4 and 2026? - Management reported positive forward bookings with mid-twenty percent increases in group sales [53] Question: How is the company insulated from hotel rate compression seen on the Strip? - Management explained that while they remain competitive, hotel revenue only represents about 10% of overall revenue, with the majority coming from gaming [61] Question: What is the ideal leverage range for the company moving forward? - Management expressed comfort with the current leverage position, supported by a flexible credit agreement and no near-term debt maturities [101]

Red Rock Resorts (RRR) Q2 2025 Earnings Call July 29, 2025 04:30 PM ET Speaker0Good afternoon, and welcome to Red Rock Resorts Second Quarter twenty twenty five Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like turn the conference over to Stephen Coote, Executive Vice President, Chief Financial Officer and Treasurer of Red Rock Resorts. Please go ahead.Speaker1Thank you, operator, and good afternoon, everyone. Thank you for joining us ...

I N V E S T O R P R E S E N T A T I O N PRIVATE & CONFIDENTIAL DISCLAIMER This presentation contains forward-looking statements, that reflect current views of Red Rock Resorts, Inc. (the "Company") with respect to, among other things, our operations and financial performance, all of which are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, market trends, or industry results to differ materially from those expressed or implie ...

Exhibit 99.1 Red Rock Resorts Announces Second Quarter 2025 Results LAS VEGAS, July 29, 2025 (PRNewswire)—Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ: RRR) today reported financial results for the second quarter ended June 30, 2025. Second Quarter Results Consolidated Operations Las Vegas Operations Conference Call Information The Company will host a conference call today at 4:30 p.m. Eastern Time to discuss its financial results. The conference call will consist of prepared r ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Red Rock Resorts (RRR) reports results for the quarter ended June 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectation ...

Core Insights - The article compares Boyd Gaming (BYD) and Red Rock Resorts (RRR) to determine which stock is more attractive to value investors [1] Valuation Metrics - Boyd Gaming has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision compared to Red Rock Resorts, which has a Zacks Rank of 3 (Hold) [3] - BYD has a forward P/E ratio of 12.40, significantly lower than RRR's forward P/E of 34.84 [5] - The PEG ratio for BYD is 2.90, while RRR's PEG ratio is 5.75, suggesting BYD is more reasonably priced relative to its expected earnings growth [5] - BYD's P/B ratio is 4.91, compared to RRR's P/B of 15.76, indicating that BYD is valued more attractively in terms of market value versus book value [6] - These metrics contribute to BYD receiving a Value grade of A, while RRR has a Value grade of C [6] Earnings Outlook - Boyd Gaming is noted for its improving earnings outlook, which enhances its attractiveness in the Zacks Rank model [7]

Group 1 - The Hecht Commodity Report is a comprehensive service covering market movements of 20 different commodities, providing bullish, bearish, and neutral calls along with directional trading recommendations and actionable ideas for traders [1] - The author of the report actively participates in commodities markets through futures, options, ETF/ETN products, and commodity equities, with positions that can change on an intraday basis [2] Group 2 - The article does not provide specific investment recommendations or advice, emphasizing that past performance is not indicative of future results [3]

Core Viewpoint - Red Rock Resorts, Inc. will announce its financial results for the second quarter of 2025 on July 29, 2025, followed by a conference call at 4:30 p.m. ET [1] Group 1: Financial Results Announcement - The financial results for Q2 2025 will be released on July 29, 2025 [1] - A conference call will take place on the same day at 4:30 p.m. ET, including prepared remarks and a Q&A session [1] Group 2: Conference Call Details - Participants can join the conference call by dialing (888) 317-6003 for domestic calls or (412) 317-6061 for international calls, with a passcode of 7806086 [2] - A live audio webcast will be available on the company's website [2] Group 3: Replay Information - A replay of the conference call will be accessible until August 5, 2025, by calling (877) 344-7529 or (412) 317-0088 with conference ID: 5193703 [3] - An audio archive of the call will also be available on the company's website [3] Group 4: Company Overview - Red Rock Resorts is a holding company that manages Station Casinos LLC, a leading provider of gaming and entertainment in Las Vegas [4] - Station Casinos operates various properties in the Las Vegas valley, offering a range of amenities including restaurants, entertainment venues, and traditional casino gaming [4] - The company owns and operates multiple casino resorts and has a 50% interest in Barley's Casino & Brewing Company and other establishments [4]