Red Rock Resorts posts $475.6m revenue in Q3, up by 1.6%

• Red Rock Resorts released its third quarter financial results
• The company's revenue increased by 1.6% year-over-year to $475.6m, while net income soared by 38.8% to $76.9m
• In the first nine months of 2025, Red Rock Resorts recorded an uptick in revenue

The leading gaming, entertainment and development company, Red Rock Resorts, Inc., released its latest unaudited financial results covering the third quarter of the year.

During the three months ending September 30, 2025, the company recorded an increase in net revenues and net income, complemented by Adjusted EBITDA growth.

Revenue increases year-over-year, net income soars

In total, Red Rock Resorts reported $475.6m in net revenue.

Compared to the $468.0m result from the corresponding period in 2024, the latest figure shows an increase of 1.6% year-over-year.

Net income in Q3 this year also increased, hitting $76.9m, a result that signals a 38.8% increase, or an uptick of $21.5m, when compared to the $55.4m result from the corresponding period in 2024.

Equally as important, Red Rock Resorts' Adjusted EBITDA increased during the latest trading financial quarter.

The company reported $190.9m in Adjusted EBITDA for Q3 this year, a figure that points to a 4.5% year-over-year increase.

According to a breakdown provided by Red Rock Resorts, the largest share of revenue, not unexpectedly, came from its casino operations.

In total, casino revenue in Q3 2025 hit $319.5m, up by approximately $5m when compared to the Q3 2024 figure.

Red Rock Resorts' food and beverage revenue also increased year-over-year, hitting $85.5m, while room revenues recorded a decrease of approximately $4m to $41.6m.

Additional details provided by the company revealed that the majority of the net revenues and adjusted EBITDA came from its Las Vegas operations.

Per the Q3 2025 financial report, Red Rock Resorts recorded $468.6m in Q3 net revenues from its Las Vegas operations.

Adjusted EBITDA from Las Vegas operations was $209.4m during the latest trading period, signaling a 3.4% year-over-year increase.

In contrast, net revenues and Adjusted EBITDA from Red Rock Resorts' Native American activities in Q3 this year were only $3.9m. This figure, the company said, represented "revenue related to development fees."

Red Rock Resorts' revenue in the first nine months of 2025 hit $1.5bn

Besides strong performance during the third quarter, Red Rock Resorts posted solid results for the first nine months ending September 30, 2025.

In total, the company's revenue was just short of $1.5bn for the first nine months of this year.

Compared to the $1.44bn result from the corresponding period in 2024, the latest figure points to an increase of nearly 4% year-over-year.

Breakdown of the $1.5bn in net revenues shows casino revenue hit $997.5m in the first nine months of 2025, significantly higher than the $950.7m result from the prior year period.

While food and beverage revenue was on par year-over-year at $269.2m, room revenues decreased by approximately $6m year-over-year to $142.9m.

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