Red Rock Resorts Posts Q3 Net Loss of $17.7M on Anniversary Awards
LAS VEGAS – November 03, 2026 -- Red Rock Resorts (NASDAQ: RRR) swung to a third-quarter net loss of $17.7 million, against net income of $76.9 million a year earlier, after booking $79.1 million of share-based compensation tied to its 50th anniversary stock awards.
Net revenues rose 2.8%, or $13.1 million, to $488.7 million from $475.6 million in the third quarter of 2025. The net result fell $94.6 million year on year. The company also booked $6.9 million of other one-time 50th anniversary expenses.
Adjusted EBITDA falls 4.3% to $182.6 million despite higher revenue
Adjusted EBITDA declined $8.3 million from $190.9 million. The 2026 figure includes $5.8 million of one-time anniversary expenses. The company granted the stock awards to substantially all full-time and part-time employees.