Red Rock (RRR) Q2 Revenue Jumps 8%

Red Rock Resorts (NASDAQ:RRR), which owns and operates casino and entertainment properties across the Las Vegas valley, released its second-quarter fiscal 2025 earnings on July 29, 2025. The headline news: GAAP revenue exceeded estimates, landing at $526.3 million compared to analyst expectations of $488.1 million. Earnings per share (EPS, GAAP) also came in much higher than forecast at $0.95 per share versus the $0.41 anticipated by analysts. These results reflected growth across the company’s core Las Vegas operations, a notable one-time development fee in Native American management, and clear improvements in profitability. Net income (GAAP) grew to $108.3 million, up 55.1% from the prior year. The quarter was marked by strong underlying business trends, progress on development projects, and capital return actions, although some results were boosted by exceptional, nonrecurring events. Source: Analyst estimates for the quarter provided by FactSet. Red Rock Resorts focuses on owning and operating a network of casino resorts and entertainment venues throughout the Las Vegas valley. Its portfolio includes both major full-scale resorts—like Red Rock, Green Valley Ranch, and the new Durango Casino & Resort—as well as smaller casino properties spread throughout high-traffic, densely populated neighborhoods.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool