earnings
confidence high
sentiment positive
materiality 0.75
Red Rock Resorts Q2 2021 net revenues $428.2M, net income $143.4M; EBITDA up 82% vs 2019
Red Rock Resorts, Inc.
2021-Q2 EPS reported
$0.29
revenue$780,776,000
- Net revenues $428.2M, up 295% from Q2 2020, down 11% vs Q2 2019.
- Net income $143.4M vs loss $118.4M in Q2 2020; Adjusted EBITDA $210.2M vs negative $17.3M.
- Las Vegas operations revenue $426.4M; Adj. EBITDA $222.6M, up 110% vs Q2 2019 $106.0M.
- Cash and equivalents $91.0M; total debt $2.7B as of June 30, 2021.
- Four properties remain closed: Palms, Texas Station, Fiesta Rancho, Fiesta Henderson.