Red Rock Resorts Q2 net income up 131% to $74.9M; Adjusted EBITDA down 7.2% to $175.3M; declares $0.25 dividend

Red Rock Resorts, Inc.

2023-Q2 EPS reported $1.40 revenue$849,766,000

Net revenues $416.1M, down 1.5% YoY from $422.2M; net income $74.9M, up 130.9% from $32.4M.
Adjusted EBITDA $175.3M, down 7.2% from $188.9M; Las Vegas operations EBITDA $193.1M (down 7.1%).
Cash and equivalents $100.9M; total debt $3.2B at quarter end.
Board approved Q3 cash dividend of $0.25 per share, payable Sept 29, 2023 to holders of record Sept 15.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Red Rock Resorts, Inc. reported the second quarter ended June 30, 2023 results: revenue $416.1 million, net income $74.9 million.

Period: the second quarter ended June 30, 2023
Revenue: $416.1 million
Net income: $74.9 million
Result: reported results

Exact text from the filing

Net revenues were $416.1 million for the second quarter of 2023, a decrease of 1.5%, or $6.1 million, from $422.2 million in the same period of 2022. Net income was $74.9 million for the second quarter of 2023, an increase of 130.9%, or $42.5 million, from $32.4 million in the same period of 2022.

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Source: SEC EDGAR

accession 0000950170-23-037929

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