The company’s net revenues experienced a slight decline but the net income skyrocketed.
Red Rock Resorts, a casino and hospitality company, published its Q2 report for the three months ended June 30.
The company reported a very slight year-on-year drop in net revenues from $422.2 million in Q2, 2022, to $416.1 million in Q2, 2023. Net income, on the other hand, skyrocketed by a whopping 130.9% to $74.9 million. For reference, the net income for Q2, 2022, was only $32.4 million.
Adjusted EBITDA for the period sat at $175.3 million in Q2, 2023, which translates to a 7.2% year-on-year decrease from last year’s $188.9 million.
Red Rock Resorts also published data concerning its performance in Las Vegas, highlighting $412.6 million in net revenues from its operations in the city. Although the figure represents a 1.8% drop, it shows that the company’s Vegas business still constitutes the majority of its revenues.
Red Rock Resorts, a casino and hospitality company, published its Q2 report for the three months ended June 30.
The company reported a very slight year-on-year drop in net revenues from $422.2 million in Q2, 2022, to $416.1 million in Q2, 2023. Net income, on the other hand, skyrocketed by a whopping 130.9% to $74.9 million. For reference, the net income for Q2, 2022, was only $32.4 million.
Adjusted EBITDA for the period sat at $175.3 million in Q2, 2023, which translates to a 7.2% year-on-year decrease from last year’s $188.9 million.
Red Rock Resorts also published data concerning its performance in Las Vegas, highlighting $412.6 million in net revenues from its operations in the city. Although the figure represents a 1.8% drop, it shows that the company’s Vegas business still constitutes the majority of its revenues.
