Q2 25 EPS
$0.95
BEAT +131.14%
Est. $0.41
Q2 25 Revenue
$526.3M
BEAT +7.83%
Est. $488.0M
vs S&P Since Q2 25
-3.6%
TRAILING MARKET
RRR +15.4% vs S&P +19.0%
Market Reaction
Did RRR Beat Earnings? Q2 2025 Results
Red Rock Resorts delivered a blowout second quarter, with earnings per share of $0.95 beating the $0.41 consensus estimate by 131.14% and revenue of $526.27 million topping expectations by 7.83% while climbing 8.2% year over year. The standout driver… Read more Red Rock Resorts delivered a blowout second quarter, with earnings per share of $0.95 beating the $0.41 consensus estimate by 131.14% and revenue of $526.27 million topping expectations by 7.83% while climbing 8.2% year over year. The standout driver behind the earnings strength was a powerful combination of core Las Vegas operations and a newly activated Native American management segment, which contributed $10.01 million in development fees representing a cumulative revenue catch-up, a line item that had not appeared in prior periods. Las Vegas operations alone generated $513.26 million in net revenues, up 6.2% from a year ago, with casino revenues rising to $344.80 million and food and beverage revenues reaching $94.37 million. Net income surged 55.1% to $108.25 million, while adjusted EBITDA climbed 13.7% to $229.36 million, and lower interest expense of $50.63 million versus $57.43 million a year earlier provided an additional tailwind. The company also highlighted its real estate ownership and broader development pipeline as pillars supporting continued growth.
Key Takeaways
- • 8.2% net revenue growth driven by Las Vegas operations and Native American management activities
- • Casino revenue increased from $319.6 million to $344.8 million year over year
- • Cumulative revenue catch-up of $10.0 million in development fees from Native American management
- • Lower net interest expense of $50.6 million vs $57.4 million in Q2 2024
- • Gain on Native American development of $8.5 million
- • Adjusted EBITDA margin improvement with 13.7% growth on 8.2% revenue growth
RRR YoY Financials
Q2 2025 vs Q2 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% |