Red Rock Resorts — Third Quarter 2026 Earnings Summary

Red Rock Resorts reported net revenues of $488.7 million for the third quarter of 2026, representing a 2.8% increase from the prior year period. The company recorded a net loss of $17.7 million for the quarter, a significant decrease from the $76.9 million net income in the same period of 2025, primarily due to $79.1 million in share-based compensation and $6.9 million in one-time expenses related to the company's 50th anniversary. Adjusted EBITDA for the quarter was $182.6 million, down 4.3% from the previous year, while Las Vegas operations generated $479.1 million in net revenues and Native American activities saw a 59.0% revenue increase to $6.2 million. The Board of Directors declared a cash dividend of $0.26 per Class A common share for the fourth quarter of 2026, payable on December 31, 2026.