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Dec 31, 2023
Red Rock Resorts Q4 2023 Earnings Report
Red Rock Resorts reported an increase in net revenues and adjusted EBITDA for Q4 2023, but a decrease in net income compared to the same period in 2022.
Key Takeaways
Red Rock Resorts reported an increase in net revenues and Adjusted EBITDA for the fourth quarter of 2023. Net revenues increased by 8.8% to $462.7 million, and Adjusted EBITDA increased by 3.6% to $201.3 million. However, net income decreased by 36.0% to $108.9 million.
Net revenues increased by 8.8% to $462.7 million.
Net income decreased by 36.0% to $108.9 million.
Adjusted EBITDA increased by 3.6% to $201.3 million.
Las Vegas operations net revenues increased by 9.5% to $459.4 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Red Rock Resorts' Board of Directors declared a cash dividend of $0.25 per Class A common share for the first quarter of 2024, payable on March 29, 2024. They also declared a special dividend of $1.00 per Class A common share, payable on March 4, 2024.
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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