Red Rock Resorts Q4 revenue up 8.8% to $462.7M; net income down 36%; declares $1 special dividend

Red Rock Resorts, Inc.

2023-FY EPS reported $2.94 revenue$1,724,086,000

Q4 net revenues $462.7M (+8.8% YoY); net income $108.9M (-36% YoY); Adjusted EBITDA $201.3M (+3.6%).
Full-year 2023 net revenues $1.72B (+3.6%); net income $337.8M (-13.5%); Adjusted EBITDA $746.0M (+0.3%).
Board declares special dividend of $1.00/share, payable March 4, 2024 to holders of record Feb 22.
Quarterly dividend of $0.25/share declared for Q1 2024, payable March 29, record March 15.
Las Vegas Operations Q4 Adjusted EBITDA $220.3M (+6.5% YoY).

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 0.95

Red Rock Resorts, Inc. reported the full year ended December 31, 2023 results: revenue Net revenues were $1.72 billion in 2023, net income Net income was $337.8 million in 2023.

Period: the full year ended December 31, 2023
Revenue: Net revenues were $1.72 billion in 2023
Net income: Net income was $337.8 million in 2023
Result: reported results

Exact text from the filing

Net revenues were $1.72 billion in 2023, an increase of 3.6%, or $60.3 million, from $1.66 billion in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Red Rock Resorts, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue Net revenues were $462.7 million for the fourth quarter of 2023, net income Net income was $108.9 million for the fourth quarter of 2023.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: Net revenues were $462.7 million for the fourth quarter of 2023
Net income: Net income was $108.9 million for the fourth quarter of 2023
Result: reported results

Exact text from the filing

Red Rock Resorts, Inc. (“Red Rock Resorts,” “we” or the “Company”) (NASDAQ: RRR) today reported financial results for the fourth quarter and full year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001193125-24-026664

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