Q3 25 EPS
$0.68
BEAT +76.44%
Est. $0.39
Q3 25 Revenue
$475.6M
MISS 0.58%
Est. $478.3M
vs S&P Since Q3 25
+4.6%
BEATING MARKET
RRR +14.4% vs S&P +9.8%
Market Reaction
Did RRR Beat Earnings? Q3 2025 Results
Red Rock Resorts delivered a strikingly strong bottom-line performance in the third quarter of 2025, with diluted earnings per share of $0.68 clearing the $0.39 consensus estimate by 76.44%, even as revenue came in just shy of expectations. Consolida… Read more Red Rock Resorts delivered a strikingly strong bottom-line performance in the third quarter of 2025, with diluted earnings per share of $0.68 clearing the $0.39 consensus estimate by 76.44%, even as revenue came in just shy of expectations. Consolidated net revenues rose 1.6% year-over-year to $475.57 million, a hair below the $478.33 million analysts had penciled in, but the profit story overshadowed that modest shortfall. The primary engine behind the earnings beat was a meaningful reduction in interest expense, which fell to $50.49 million from $58.00 million a year earlier, combined with a favorable swing in derivative fair value that flipped from a $9.75 million loss to a $1.85 million gain. Net income climbed 38.8% to $76.88 million, while Adjusted EBITDA grew 4.5% to $190.87 million, with Las Vegas operations posting a robust 44.7% EBITDA margin. Casino revenue growth to $319.49 million anchored the top line, and the board underscored its confidence by expanding share repurchase authorization by $300.00 million, leaving roughly $573.00 million in remaining buyback capacity.
Key Takeaways
- • Casino revenue growth of 1.7% year-over-year to $319.5 million
- • Food and beverage revenue increased to $85.5 million from $83.3 million
- • Native American development fees of $3.9 million contributed as a new revenue stream
- • Lower interest expense of $50.5 million vs $58.0 million in Q3 2024
- • Favorable swing in derivative instruments valuation
RRR YoY Financials
Q3 2025 vs Q3 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% |