The Red Rock Resort in Las Vegas has reported buoyant second-quarter figures for 2025 that have seen their net income increase 55.1% from last year – to $108.3m
Red Rock Q2 Net Revenue Up 8.2% To $526.3m
As we move into the second half of the year, Red Rock Resorts were celebrating after posting increased Q2 figures – with their Las Vegas operations taking the bulk of the credit.
Their Las Vegas gambling site were responsible for $513.3m in revenue – which was up 6.2% from Q2 in 2024 and $239.4m in the adjusted EBITDA figures – a 7.3% leap.
Red Rock Resorts also reported a $10m increase in their Native American development fees.
With their net income up 55.1% year-on-year to $108.3m, net revenue up 8.2% at $526.3m.
While the total adjusted EBITDA for Q2 hit $229.4m – up 13.7% – where the diluted revenue per share was up from $0.59 in Q2 in 2024 to $0.95.
The casino giant also issued an operating income of $168m – from $140.2m – from the same period in 2024.
Red Rock Operating Cost Up
However, operating costs rose – with Red Rock saying casino expenses were up 6.8% overall to $93.9m, with food and drink responsible for 2.2% of this rise and $75.9m.
Red Rock didn’t post their Native America management section in 2024, so there is nothing to compare the 2025 Q2 figures here. But they came in at $10m for 2025.
The firm also announced a $1.02bn revenue on a six-month basis – up 5% with the adjusted EBITDA of $444.4m up 8.2% from the same period in 2024.
As a result, Red Rock Resorts have also revealed a Q3 2025 dividend of $0.25 per share which brings their YTD payout to $1.50 per share. With the cash and equivalents sum at $145.2m and the total debt holding stable at $3.4bn.
Red Rocks Las Vegas Operation Their Main Income Stream
The Red Rock Las Vegas operation continues to be their main revenue stream – making up a massive 97.5% of the quarterly revenue. With the surpass coming from tribal development and small corporate additions.
Back in Q1 of 2025 Red Rock also issued revenue of $497.9m, which was a 9.7% hike in net income with the adjusted EDITDA at $215.1m.
While the firm finished Q1 with a matching $3.4bn debt total – which ran alongside their cash equivalents of $159.6m.
