Filing Flows › Red Rock Resorts (RRR) › Q2 2025
Red Rock Resorts (RRR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Red Rock Resorts (RRR) reported revenue of $526M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before. Operating margin was 31.9%, net earnings $56.4M (10.7% of revenue).
Red Rock Resorts, Q2 2025: revenue $526M (+8% year over year), operating margin 31.9%, net earnings $56.4M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $526M | +6% | +8% |
| Operating profit | $168M | +9% | +20% |
| Net earnings | $56.4M | +26% | +58% |
| Operating cash flow | $158M | +26% | +11% |
| Free cash flow | $80.3M | +38% | +25% |
What changed
Revenue was $526.3M in Q2 2025, up 8% year over year and up 6% from the previous quarter. Casino was the largest line at 66% of revenue. Casino added $25.2M year over year (up 8%), 63% of the total change.
Operating profit was $168.0M, a 31.9% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 70% reached operating profit, above the 29% margin then. Total costs grew 3% against revenue growth of 8%. Net earnings were $56.4M, up 58% year over year. The effective tax rate was 12.8%.
Operating cash flow was $158.4M (up 11% year over year), 146% of net income including minority interests. Non-cash charges added back $48.0M of depreciation and amortization and $8.7M of share-based compensation. Capital expenditures of $78.2M left free cash flow of $80.3M.
Questions
What was Red Rock Resorts' revenue in the second quarter 2025?
Red Rock Resorts (RRR) reported revenue of $526M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before.
Was Red Rock Resorts profitable in the second quarter 2025?
Operating profit was $168M (31.9% of revenue) and net earnings $56.4M.
Source: Red Rock Resorts 10-Q on SEC EDGAR.