Red Rock revenues remain steady in Q3
Red Rock Resorts has recently published its latest quarterly financial analysis.
The report started off with the firm’s net revenue figure, which was recorded at 411.6 million dollars in the period, down by 0.7% year-over-year from the company’s 414.4 million dollar revenue in the third quarter of last year. This led to a slightly higher decrease in the company’s adjusted EBITDA figure, which went from just under 182 million dollars to 175 million dollars, representing a decrease of 3.7%.
Red Rock’s net income experienced an even larger decrease of just over 28% year-over-year, going from 95.5 million dollars in 2022’s third quarter to 68.4 million dollars this year. In contrast, the company’s net income for the first nine months of the year experienced a slight increase, going from 220 million dollars to 228 million dollars. This was also reflected in the firm’s revenue for the nine-month period, which went from 1.24 billion dollars to 1.26 billion dollars.
The report also highlighted that the gambling firm’s casino operations generated the most revenue for the firm at 273 million dollars in the third quarter and 831 million dollars in the year’s first nine months. This was followed by Red Rock’s food and beverage and hotel offerings, which made 72 million dollars and 42 million dollars respectively in the quarter.