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Dec 31, 2019
Red Rock Resorts Q4 2019 Earnings Report
Red Rock Resorts reported an increase in net revenues and Adjusted EBITDA, driven by Las Vegas operations, but a decrease in net income due to one-time charges.
Key Takeaways
Red Rock Resorts reported a 6.8% increase in net revenues and a 1.8% increase in Adjusted EBITDA for Q4 2019. Net income decreased by 48.1% due to one-time charges. Las Vegas operations were the primary driver of revenue growth.
Net revenues increased by 6.8% to $460.8 million.
Net income decreased by 48.1% to $6.8 million.
Adjusted EBITDA increased by 1.8% to $137.6 million.
Las Vegas operations drove revenue growth, particularly at the Palms Casino Resort.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's Board of Directors has declared a cash dividend of $0.10 per Class A common share for the first quarter of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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