Red Rock Resorts(US:RRR) Prnewswire·2025-07-29 20:01Core Viewpoint - Red Rock Resorts, Inc. reported strong financial results for the second quarter of 2025, showing significant increases in net revenues, net income, and adjusted EBITDA compared to the same period in 2024. Financial Performance - Net revenues for the second quarter of 2025 were $526.3 million, an increase of 8.2%, or $39.9 million, from $486.4 million in the same period of 2024 [9] - Net income for the second quarter of 2025 was $108.3 million, reflecting a 55.1% increase, or $38.5 million, from $69.8 million in the same period of 2024 [9] - Adjusted EBITDA for the second quarter of 2025 was $229.4 million, up 13.7%, or $27.7 million, from $201.7 million in the same period of 2024 [9] Segment Performance - Net revenues from Las Vegas operations were $513.3 million for the second quarter of 2025, an increase of 6.2%, or $30.1 million, from $483.2 million in the same period of 2024 [9] - Adjusted EBITDA from Las Vegas operations was $239.4 million for the second quarter of 2025, an increase of 7.3%, or $16.3 million, from $223.1 million in the same period of 2024 [9] Balance Sheet Highlights - The company's cash and cash equivalents at June 30, 2025, were $145.2 million, with total principal amount of debt outstanding at the end of the second quarter being $3.4 billion [3] Dividend Declaration - The Board of Directors declared a cash dividend of $0.25 per Class A common share for the third quarter of 2025, payable on September 30, 2025, to stockholders of record as of September 15, 2025 [4] Native American Management - Net revenues and adjusted EBITDA from Native American management activities were $10.0 million for the second quarter of 2025, representing a cumulative revenue catch-up related to development fees [2]