Red Rock Resorts(US:RRR) ZACKS·2025-02-12 13:31Core Insights - Red Rock Resorts, Inc. (RRR) reported fourth-quarter 2024 results with earnings and revenues exceeding the Zacks Consensus Estimate, although the bottom line declined year over year [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q4 2024 were 76 cents, surpassing the Zacks Consensus Estimate of 42 cents, down from 95 cents in the prior-year quarter [2]. - Quarterly revenues reached $495.7 million, exceeding the consensus mark of $490 million by 1.3%, and increased by 7.1% year over year [3]. - Las Vegas operations generated revenues of $492.6 million, a 7.2% increase from $459.4 million in the prior-year quarter, with adjusted EBITDA at $223.9 million, up 1.6% year over year [4]. Operating Highlights - Selling, general and administrative expenses were $107.1 million, compared to $96.7 million in the prior-year quarter, while net income was $87.7 million, down from $108.9 million in the previous year [5]. - Adjusted EBITDA for the third quarter was $202.4 million, slightly up from $201.3 million in the prior-year quarter [6]. Cash and Debt Position - As of December 31, 2024, RRR had cash and cash equivalents of $164.4 million, an increase from $117.5 million as of September 30, 2024, with outstanding debt at $3.4 billion, down from $3.5 billion in the previous quarter [7]. Annual Performance - Total revenues for 2024 were $1.94 billion, up from $1.72 billion in 2023, while net income decreased to $291.3 million from $337.8 million in 2023, and diluted EPS fell to $2.53 from $2.94 [8].