Red Rock Resorts witnesses 30.6% net income decrease for Q2, H1 revenue totals $1.02bn

Red Rock Resorts has released its financial results for Q2 and H1 2026, having witnessed decreases in net revenue, adjusted EBITDA and net income for both periods, primarily due to softer results in Las Vegas. 

Net revenue during the second quarter of 2026 was $510.3m and decreased 3%, while adjusted EBITDA totaled $208m and fell 9.3%. Red Rock Resorts’ net income for Q2 decreased 30.6% year-over-year to $39.1m. 

Las Vegas operations generated $503.2m of Red Rock Resorts’ total revenue for Q2, representing a decrease of 2%. The sector’s adjusted EBITDA fell 5% to $227.5m, as Native American operations produced $3.8m and $2.8m of revenue and adjusted EBITDA, decreasing 62% and 71.9%, respectively. 

Operating income for Red Rock Resorts decreased 19.1% during Q2 to nearly $136m, perhaps due to a 4.5% increase in operating costs to $374.3m. Casino operations accounted for $338.3m of revenue and fell 1.9%, while food & beverage and rooms revenue decreased 1.4% and 8.8%, respectively, to $93m and $46.7m. 

During the first-half period, net revenue reached $1.02bn but decreased 0.6% year-over-year, joined by net income which fell 18.9% to $82m. Red Rock Resorts adjusted EBITDA for H1 was $420.7m, equating to a decrease of 5.3%. 

Casino operations revenue managed to increase from the prior year period, however, rising 0.1% to $678.9m. Food & beverage revenue decreased 0.2% to $183.4m, while rooms revenue fell 9.1% to $92.2m. 

Operating income for Red Rock Resorts decreased 13.2% to $279.7m, as operating expenses increased 5.2% to $737.9m. Native American operations totaled $8.5m and $5.7m of revenue and adjusted EBITDA for H1, equating to decreases of 14.6% and 42.7%. 

In Las Vegas, Red Rock Resorts revenue decreased by 0.5%, totaling $1bn for the first-half period. The sector’s adjusted EBITDA for H1 reached $460m, but still represents a fall of 3.2%.