Red Rock Resorts(RRR) - 2024 Q4 - Annual Results

Financial Performance - Net revenues for Q4 2024 were $495.7 million, a 7.1% increase from$ 462.7 million in Q4 2023[4] - Net income for Q4 2024 was $87.7 million, a 19.5% decrease from$ 108.9 million in Q4 2023[4] - Adjusted EBITDA for Q4 2024 was $202.4 million, a slight increase of 0.5% from$ 201.3 million in Q4 2023[4] - Full year net revenues for 2024 reached $1.94 billion, a 12.5% increase from$ 1.72 billion in 2023[4] - Full year net income for 2024 was $291.3 million, a 13.8% decrease from$ 337.8 million in 2023[4] - Full year adjusted EBITDA for 2024 was $795.9 million, a 6.7% increase from$ 746.0 million in 2023[4] Cash and Debt - Cash and cash equivalents at December 31, 2024, were $164.4 million, with total debt outstanding at$ 3.4 billion[5] Dividends - The Board of Directors declared a cash dividend of $0.25 per Class A common share for Q1 2025[6] Las Vegas Operations - Net revenues from Las Vegas operations for Q4 2024 were$ 492.6 million, a 7.2% increase from $459.4 million in Q4 2023[4] - Adjusted EBITDA from Las Vegas operations for 2024 was$ 879.4 million, a 7.4% increase from $818.8 million in 2023[4]