Red Rock Resorts reported third quarter 2026 revenue of $488.7 million, exceeding analyst expectations of $478.13 million. The company shifted to a net loss of $17.7 million, largely due to $86.0 million in non-recurring expenses related to its 50th-anniversary celebration, including a significant company-wide employee stock grant.

Key Highlights

  • Consolidated Adjusted EBITDA declined 4.3% year-over-year to $182.6 million, impacted by $5.8 million in one-time anniversary costs and rising operating expenses.
  • The Las Vegas segment generated $479.1 million in revenue, a 2.2% increase, though segment Adjusted EBITDA fell 2.3% to $204.6 million as margins tightened.
  • Native American operations performed strongly with revenue surging 59.0% to $6.2 million and Adjusted EBITDA growing 30.8% to $5.1 million.