Red Rock Resorts Q1 Earnings & Revenues Surpass Estimates

Core Insights - Red Rock Resorts, Inc. (RRR) reported strong first-quarter 2025 results, with both earnings and revenues exceeding the Zacks Consensus Estimate, showing year-over-year growth [1][2] Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 were 80 cents, surpassing the Zacks Consensus Estimate of 47 cents and up from 68 cents in the prior-year quarter [2] - Quarterly revenues reached $497.9 million, exceeding the consensus mark of $494 million by 0.8% and reflecting a 1.8% increase year-over-year [2] - Revenues from Las Vegas operations totaled $495 million, a 1.9% increase from $485.6 million in the prior-year quarter, with adjusted EBITDA for this segment at $235.9 million, up 2.7% year-over-year [3] - Selling, general and administrative expenses were $104.7 million, slightly down from $104.8 million in the prior-year quarter, and net income increased to $86 million from $78.4 million [4] - Adjusted EBITDA for the first quarter was $215.1 million, compared to $209.1 million in the prior-year quarter [5] Financial Position - As of March 31, 2025, RRR had cash and cash equivalents of $150.6 million, down from $164.4 million as of December 31, 2024, with outstanding debt remaining flat at $3.4 billion [6] Market Position - Red Rock Resorts currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [7]