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Dec 31, 2020
Red Rock Resorts Q4 2020 Earnings Report
Red Rock Resorts' fourth quarter results were announced, revealing a decrease in net revenues but an increase in net income and adjusted EBITDA compared to the same period in 2019.
Key Takeaways
Red Rock Resorts reported a decrease in net revenues for Q4 2020, primarily due to the ongoing impacts of the COVID-19 pandemic. However, the company saw an increase in net income and Adjusted EBITDA compared to Q4 2019. The company continued its phased reopening program during the quarter.
Net revenues decreased by 25.5% to $343.4 million compared to Q4 2019.
Net income increased to $49.6 million, up from $6.8 million in the same period of 2019.
Adjusted EBITDA increased by 9.4% to $150.5 million compared to Q4 2019.
Las Vegas operations net revenues decreased by 27.8% to $316.2 million, while Adjusted EBITDA increased by 5.5% to $137.1 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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