Red Rock Resorts(RRR)2025-05-01 20:10Financial Performance - Net revenues for Q1 2025 were $497.9 million, an increase of 1.8% from $488.9 million in Q1 2024[6] - Net income for Q1 2025 was $86.0 million, a 9.7% increase from $78.4 million in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was $215.1 million, up 2.8% from $209.1 million in Q1 2024[6] - Las Vegas operations generated net revenues of $495.0 million in Q1 2025, a 1.9% increase from $485.6 million in Q1 2024[6] - Adjusted EBITDA from Las Vegas operations was $235.9 million for Q1 2025, an increase of 2.7% from $229.8 million in Q1 2024[6] - The Company reported a basic earnings per share of $0.76 for Q1 2025, compared to $0.73 in Q1 2024[15] - The Company anticipates continued growth in revenues and EBITDA driven by strong performance in Las Vegas operations[12] Dividends - The Company declared a cash dividend of $0.25 per Class A common share for Q2 2025, payable on June 30, 2025[4] - A special dividend of $1.00 per Class A common share was declared, payable on May 21, 2025[7] Cash and Debt - Cash and cash equivalents as of March 31, 2025, were $150.6 million, with total debt outstanding at $3.4 billion[3]