7/1012 sources · 7 publishersUpdated Nov 4, 12:23 UTC
Red Rock Resorts reports Q3 2026 results with revenue beat and net loss due to anniversary expenses
Red Rock Resorts announced third‑quarter 2026 results showing net revenue of $488.7 million, up 2.8% year‑over‑year. A $79.1 million share‑based compensation award and $6.9 million one‑time anniversary costs drove a net loss of $17.7 million, while adjusted EBITDA fell 4.3% to $182.6 million. The board declared a cash dividend of $0.26 per share for the fourth quarter.
Why it matters
The company expects to return $0.26 per share to shareholders, with cash and cash equivalents of $128.3 million supporting the payout. Analysts at Citizens and Mizuho lowered their price targets, citing the margin miss and weaker‑than‑expected earnings.
Key facts
- 1Net revenue was $488.7 million, a 2.8% increase from $475.6 million in Q3 2025. sec.gov
- 2Net loss was $17.7 million, compared with net income of $76.9 million in Q3 2025. sec.gov
- 3Share‑based compensation expense related to the 50th‑anniversary stock awards was $79.1 million. sec.gov
- 4One‑time anniversary expenses were $6.9 million. sec.gov
- 5Adjusted EBITDA was $182.6 million, down 4.3% from $190.9 million in Q3 2025. sec.gov
- 6Las Vegas operations generated $479.1 million in net revenue, up 2.2% from $468.6 million in Q3 2025. sec.gov
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.