Red Rock Resorts garnered net revenues of US$495.7m for the quarter ending December 31, 2024, an increase of 7.1 per cent, or $33m, from $462.7m year-on-year.
Of that, $492.6m came from its Las Vegas operations, an increase of 7.2 per cent, or $33.3m, from $459.4m year-on-year.
Net income for the quarter was $87.7m, a decrease of 19.5 per cent, or $21.2m, from $108.9m year-on-year, while Adjusted EBITDA was $202.4m, an increase of 0.5 per cent, or $1.1m, from $201.3m.
This means that the company’s full year net revenues were $1.94bn in 2024, an increase of 12.5 per cent, or $215m, from $1.72bn in 2023. Of that, $1.93bn came from the Las Vegas operations, an increase of 12.6 per cent, or $216.2m, from $1.71bn in 2023.
Net income for the year was $291.3m, a decrease of 13.8 per cent, or $46.5m, from $337.8m year-on-year. Adjusted EBITDA was $795.9m in 2024, an increase of 6.7 per cent, or $49.9m from $746m year-on-year.
The company's board of directors has declared a cash dividend of $0.25 per Class A common share for the first quarter of 2025. The dividend will be payable on March 31, 2025 to all stockholders of record as of the close of business on March 17, 2025.
