Q1 25 EPS
$0.75
BEAT +54.38%
Est. $0.49
Q1 25 Revenue
$497.9M
BEAT +0.38%
Est. $496.0M
vs S&P Since Q1 25
+27.2%
BEATING MARKET
RRR +60.4% vs S&P +33.2%
Market Reaction
Did RRR Beat Earnings? Q1 2025 Results
Red Rock Resorts delivered a standout first quarter for 2025, posting diluted EPS of $0.75 that cleared the $0.49 consensus estimate by 54.38%, while revenue of $497.86 million edged past expectations by 0.38% and grew 1.8% year over year. The bottom… Read more Red Rock Resorts delivered a standout first quarter for 2025, posting diluted EPS of $0.75 that cleared the $0.49 consensus estimate by 54.38%, while revenue of $497.86 million edged past expectations by 0.38% and grew 1.8% year over year. The bottom-line strength was driven in large part by meaningfully lower interest expense of $51.11 million, down from $57.20 million a year ago, and the absence of a $14.40 million loss on debt extinguishment that weighed on the prior-year period, helping lift consolidated net income 9.7% to $85.95 million despite a higher tax provision. On the top line, casino revenue was the primary growth engine, rising to $333.25 million from $316.85 million, more than compensating for softer food and beverage and room revenues. Adjusted EBITDA climbed 2.8% to $215.08 million, and the company closed the quarter with $150.60 million in cash. The board also declared a $0.25 quarterly dividend and a $1.00 special dividend per Class A share.
Key Takeaways
- • Casino revenue growth of 5.2% year over year, offsetting declines in food and beverage and room revenues
- • Lower interest expense of $51.1 million vs. $57.2 million in Q1 2024
- • Absence of loss on debt extinguishment/modification recorded in Q1 2024 ($14.4 million)
RRR YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
RRR Revenue by Segment
With YoY comparisons, source: SEC Filings
RRR Earnings Trends
RRR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RRR EPS Trend
Earnings per share: estimate vs actual
RRR Revenue Trend
Quarterly revenue: estimate vs actual
RRR Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.49 | $0.73 | +49.65% | $507.3M | +0.21% |
| Q4 25 BEAT FY | $0.45 | $0.75 | +67.71% | $511.8M | +1.48% |
| FY Full Year | — | $3.12 | — | $2.01B | — |
| Q3 25 BEAT | $0.39 | $0.68 | +76.44% | $475.6M | -0.58% |
| Q2 25 BEAT | $0.41 | $0.95 | +131.14% | $526.3M | +7.83% |
| Q1 25 BEAT | $0.49 | $0.75 | +54.38% | $497.9M | +0.38% |
| Q4 24 BEAT FY | $0.48 | $0.76 | +58.73% | $495.7M | +1.12% |
| FY Full Year | $1.49 | $2.53 | +69.56% | $1.94B | +0.27% |
| Q3 24 MISS | $0.52 | $0.48 | -7.69% | $468.0M | +1.37% |
| Q2 24 MISS | $0.66 | $0.59 | -10.61% | $486.4M | +2.01% |
| Q1 24 BEAT | $0.66 | $0.68 | +3.03% | $488.9M | -0.15% |
| Q4 23 BEAT FY | $0.51 | $0.95 | +86.27% | $462.7M | +5.25% |
| FY Full Year | — | $2.94 | — | $1.72B | — |
| Q3 23 BEAT | $0.48 | $0.60 | +25.00% | $411.6M | +0.06% |
| Q4 22 BEAT FY | $0.59 | $1.49 | +152.54% | $425.5M | +0.78% |
| FY Full Year | $1.68 | $3.36 | +100.00% | $1.66B | +0.15% |