Red Rock Resorts Q2 revenue rises 16.9% to $486.4 million; net income falls 6.8%
Red Rock Resorts reported second quarter 2024 net revenues of $486.4 million, up 16.9% from a year earlier, and Adjusted EBITDA of $201.7 million, up 15.0%. Net income fell 6.8% to $69.8 million, and diluted earnings per share were $0.59 versus $0.65, so top-line and cash-earnings growth came alongside lower bottom-line profit for shareholders.
Key points
- Net revenues were $486.4 million, up $70.3 million from $416.1 million in Q2 2023.
- Net income was $69.8 million, down from $74.9 million; net income attributable to Red Rock Resorts was $35.7 million versus $39.5 million.
- Diluted earnings per Class A share were $0.59 versus $0.65; the filing cites $0.25 quarterly dividend declared for Q3 2024, payable September 30, 2024.
- Total principal amount of debt outstanding was $3.5 billion at quarter end, with cash and cash equivalents of $136.4 million.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.