Red Rock Resorts(US:RRR)2025-10-28 20:01Financial Performance - Net revenues for Q3 2025 were $475.6 million, an increase of 1.6% from $468.0 million in Q3 2024[7] - Net income for Q3 2025 was $76.9 million, a 38.8% increase from $55.4 million in Q3 2024[7] - Adjusted EBITDA for Q3 2025 was $190.9 million, up 4.5% from $182.7 million in Q3 2024[7] - Net revenues for the three months ended September 30, 2025, increased to $475.572 million, up from $468.016 million in the same period of 2024, representing a growth of 1.1%[19] - Net income for the three months ended September 30, 2025, rose to $76.880 million, compared to $55.389 million in the prior year, reflecting a significant increase of 38.9%[19] - Adjusted EBITDA for the three months ended September 30, 2025, was $190.868 million, an increase from $182.709 million in the same quarter of 2024, marking a growth of 4.3%[19] - For the nine months ended September 30, 2025, net revenues totaled $1,499.706 million, up from $1,443.316 million in the same period of 2024, reflecting a growth of 3.9%[19] - Adjusted EBITDA for the nine months ended September 30, 2025, reached $635.307 million, compared to $593.502 million in the same period of 2024, indicating an increase of 7.0%[19] Operational Highlights - Las Vegas operations generated net revenues of $468.6 million in Q3 2025, a 0.8% increase from $464.7 million in Q3 2024[7] - Las Vegas operations contributed $468.576 million to net revenues for the three months ended September 30, 2025, compared to $464.714 million in the same period of 2024, showing a slight increase of 0.6%[19] - Corporate and other segment reported net revenues of $3.102 million for the three months ended September 30, 2025, down from $3.302 million in the same period of 2024, indicating a decline of 6.1%[19] - The Native American segment generated net revenues of $3.894 million for the three months ended September 30, 2025, with no revenues reported in the same period of 2024[19] Financial Position - The total principal amount of debt outstanding at the end of Q3 2025 was $3.4 billion[4] - Cash and cash equivalents at September 30, 2025, were $129.8 million[4] Shareholder Returns - The Company declared a cash dividend of $0.26 per Class A common share for Q4 2025, payable on December 31, 2025[5] - The Company authorized an additional $300 million under its existing $600 million share repurchase program, extending it to December 31, 2027[8] Expenses - Interest expense, net, decreased to $50.486 million for the three months ended September 30, 2025, from $57.998 million in the same period of 2024, a reduction of 12.9%[19] - Depreciation and amortization expenses increased to $48.976 million for the three months ended September 30, 2025, compared to $47.372 million in the same period of 2024, an increase of 3.4%[19] Additional Information - Adjusted EBITDA is presented as a supplemental disclosure, providing insights into the Company's ongoing core operations[10]