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Sep 30, 2020
Red Rock Resorts Q3 2020 Earnings Report
Red Rock Resorts announced third quarter 2020 results, with net income increasing and adjusted EBITDA rising despite a decrease in net revenues due to the COVID-19 pandemic.
Key Takeaways
Red Rock Resorts reported a decrease in net revenues but an increase in net income and adjusted EBITDA for the third quarter of 2020. The company continued its phased reopening program during the quarter, operating several of its properties.
Net revenues decreased by 24.2% to $353.2 million compared to the same period in 2019.
Net income increased by $98.8 million to $72.0 million compared to a net loss in the same period of 2019.
Adjusted EBITDA increased by 44.8% to $160.9 million compared to the same period in 2019.
Las Vegas operations saw a decrease in net revenues but an increase in adjusted EBITDA.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding our expectations, hopes or intentions regarding the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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