Earnings summaries and quarterly performance for LAS VEGAS SANDS.
Executive leadership at LAS VEGAS SANDS.
Board of directors at LAS VEGAS SANDS.
Research analysts who have asked questions during LAS VEGAS SANDS earnings calls.
Brandt Montour
Barclays PLC
4 questions for LVS
Also covers: BALY, BYD, CCL +23 more
RF
Robin Farley
UBS
4 questions for LVS
Also covers: CCL, CHH, CUK +17 more
SK
Shaun Kelley
Bank of America Merrill Lynch
4 questions for LVS
Also covers: BYD, CHDN, CHH +16 more
CS
Carlo Santarelli
Deutsche Bank
3 questions for LVS
Also covers: BYD, CZR, DKNG +6 more
CB
Chad Beynon
Macquarie
3 questions for LVS
Also covers: ACEL, AGS, AMC +30 more
DP
Daniel Politzer
Wells Fargo
3 questions for LVS
Also covers: BYD, CCL, CHDN +20 more
DK
David Katz
Jefferies Financial Group Inc.
3 questions for LVS
Also covers: AGS, BALY, BYD +34 more
GC
George Choi
Citigroup Inc.
3 questions for LVS
Also covers: MLCO
JS
Joseph Stauff
Susquehanna Financial Group, LLLP
3 questions for LVS
Also covers: BYD, CHDN, DKNG +8 more
Stephen Grambling
Morgan Stanley
3 questions for LVS
Also covers: BC, BYD, CHH +21 more
SW
Steven Wieczynski
Stifel
3 questions for LVS
Also covers: BYD, CCL, CUK +11 more
BC
Benjamin Chaiken
Mizuho Financial Group, Inc.
1 question for LVS
Also covers: BYD, CCL, CHDN +14 more
CM
Colin Mansfield
CBRE Institutional Research
1 question for LVS
Also covers: BALY, GLPI
GT
George Troy
Citigroup
1 question for LVS
John DeCree
CBRE
1 question for LVS
Also covers: BYD, CZR, FLL +9 more
JG
Joseph Greff
JPMorgan Chase & Co.
1 question for LVS
Also covers: BYD, CHH, CZR +10 more
LD
Lizzie Dove
Goldman Sachs
1 question for LVS
Also covers: CAR, CCL, CZR +10 more
VU
Vitaly Umansky
Seaport Research Partners
1 question for LVS
Also covers: MLCO
Recent press releases and 8-K filings for LVS.
Las Vegas Sands reports Q3 2025 results
LVS
Earnings
Dividends
Share Buyback
- Net revenue of $3.33 billion and net income of $491 million for Q3 2025, compared to $2.68 billion and $353 million in Q3 2024.
- Consolidated adjusted property EBITDA increased to $1.34 billion (Q3 2024: $991 million), with Macao contributing $601 million and Marina Bay Sands $743 million.
- Repurchased $500 million of common stock; board authorized raising remaining buyback capacity to $2.0 billion and approved a $0.20 per share quarterly dividend increase for 2026, bringing the annual dividend to $1.20 per share.
- Sands China Ltd. GAAP net revenues rose 7.5% to $1.90 billion, and net income was $272 million for the quarter.
Oct 22, 2025, 8:10 PM
Las Vegas Sands reports Q3 2025 results
LVS
Earnings
Share Buyback
Dividends
- Net revenue of $3.33 billion and net income of $491 million; consolidated adjusted property EBITDA of $1.34 billion, up from $991 million in Q3 2024
- Macao Adjusted Property EBITDA of $601 million and Marina Bay Sands EBITDA of $743 million, with hold positively impacting MBS EBITDA by $43 million
- Repurchased $500 million of common stock in Q3 2025 and board increased repurchase authorization to $2.0 billion
- Board raised the annual dividend by $0.20 to $1.20 per share for 2026 ($0.30 per quarter)
Oct 22, 2025, 8:05 PM
Las Vegas Sands notes China stimulus-driven recovery
LVS
Revenue Acceleration/Inflection
- China is turning after six months of aggressive fiscal, monetary and consumer stimulus, creating a “kicker” opportunity for portfolios.
- US multinationals with China exposure are preferred, with Las Vegas Sands highlighted as a prime play.
- 60% of LVS’s revenues are tied to Macau, where gross gaming revenues accelerated in the quarter, while Singapore operations are “on fire” and China retail mall performance rose 10%.
- LVS shares trade at 11x EBITDA, offering an attractive valuation entry point amid improving fundamentals.
Aug 8, 2025, 12:15 PM
Las Vegas Sands delivers strong Singapore performance and nears end of Macau renovations
LVS
Earnings
New Projects/Investments
- Portfolio manager Stephanie Link bought more Las Vegas Sands shares, noting the stock is flat year to date and earnings beat low expectations.
- Singapore operations, representing 40% of revenues, outpaced forecasts by 44%, driving overall earnings strength.
- Macau segment (60% of revenues) reported improved margins, with CAPEX $400 million below expectations, indicating the approaching end of its renovation cycle.
- The nearing completion of Macau renovations is expected to support market share recovery in the second half of 2025.
Jul 25, 2025, 5:10 PM
Las Vegas Sands highlights record Singapore performance and Macau strategy pivot
LVS
Guidance Update
New Projects/Investments
- Delivered a historic $768 million quarterly casino win in Singapore, including over $100 million in high hold, marking the highest single-quarter property performance globally.
- Reiterated full-year guidance of $2.5 billion in adjusted property EBITDA.
- Announced an $8 billion investment for a new Singapore property to capture rising super-luxury tourism demand.
- Shifted Macau strategy toward a more competitive approach to regain market share after market intensification.
- Noted that geopolitical tensions may affect Macau, but a rebound to a $30–32 billion market in gaming would significantly benefit the company.
Jul 23, 2025, 10:34 PM
Las Vegas Sands breaks ground on US$8 billion Singapore resort
LVS
New Projects/Investments
- Las Vegas Sands commenced construction on a US$8 billion ultra-luxury integrated resort in Singapore, officiated July 15, 2025, by Singapore’s Prime Minister and company leadership.
- The project features a 55-storey, 570-suite hotel tower with a 76,000 sq ft Skyloop; a 15,000-seat arena; and 200,000 sq ft of premium meeting space.
- Designed under the Sands ECO360 sustainability strategy, it incorporates biophilic elements, low-carbon materials, and plans to divert 75% of construction waste from landfills.
- Since 2010, Las Vegas Sands’ investment in Singapore will exceed US$15 billion, supporting over 12,000 team members and 92% local procurement in 2024.
Jul 15, 2025, 4:04 PM
Las Vegas Sands Corp Initiates New Senior Note Issuance
LVS
Debt Issuance
- On May 6, 2025, the company executed a Ninth Supplemental Indenture to issue a series of 6.000% Senior Notes due 2030 with a principal limit of $500 million.
- The indenture specifies key terms including a maturity date of June 14, 2030, semi-annual interest payments at 6.000% per annum, and issuance in the form of Global Notes.
- Additionally, concurrent disclosures noted an underwritten public offering of 5.625% Senior Notes due 2028 for $1.0 billion, with proceeds designated for debt redemption and general corporate purposes.
May 6, 2025, 12:00 AM
Las Vegas Sands Q1 2025 Financial & Earnings Update
LVS
Earnings
Share Buyback
Dividends
- Financial Performance: Q1 2025 results reported net revenue of $2.86B, net income of $408M, and diluted EPS of $0.49, reflecting a decline vs Q1 2024
- Consolidated Adjusted EBITDA: Achieved $1.14B with adjustments reconciled to GAAP measures
- Macao & Londoner Performance: In Macao, the firm posted $535M EBITDA with margins impacted by lower-than-expected hold, while the Londoner with 2,405 rooms is now fully open ahead of Golden Week
- Marina Bay Sands Milestone: Delivered a record adjusted property EBITDA of $605M at a 52% margin, driven by high-value tourism
- Capital Actions: Executed a $450M share repurchase and raised its repurchase authorization to $2.0B
- Dividend: Maintained a quarterly dividend of $0.25 per common share, supporting ongoing capital investments in Macao and Singapore
Apr 23, 2025, 8:31 PM
Quarterly earnings call transcripts for LAS VEGAS SANDS.
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