Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Mall

Convention, retail and other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Resort operations

Corporate

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Amortization of leasehold interests in land

Loss on disposal or impairment of assets

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Las Vegas Sands

Las Vegas Sands Corp. engages in the development of destination properties. The firm operates through the following geographic segments: Macao, Singapore and the United States. The Macao segment handles the operations of The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao and Sands Macao. The Singapore segment includes the Marina Bay Sands. The United States segment consists of Las Vegas Operating Properties and Sands Bethlehem. Its properties feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The company was founded by Sheldon G. Adelson in August 2004 and is headquartered in Las Vegas, NV.

Earnings data Q1 2021

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Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Las Vegas Sands reports strong Q4 performance and strategic growth plans

Las Vegas Sands showcased strong performance in Macao and Singapore, with a focus on non-gaming segments driving revenue growth and recovery trends post-travel restrictions.
The company's confidence in Macao's recovery, commitment to long-term investments, and strategic focus on premium mass and non-gaming offerings position it well for future growth.
Challenges like manpower shortages, margin structures, and inflationary cost pressures are being managed through operational efficiencies and strategic planning.
Exploration of opportunities in Asia, potential investments in New York, and plans for dividend returns highlight Las Vegas Sands' strategic vision for growth and development.

Las Vegas Sands (LVS) excels in Q1 2023, eyes Macao's VIP market for growth

Las Vegas Sands (LVS) showcases a strong Q1 performance with a focus on Macao and Marina Bay Sands. The company faces challenges in labor constraints and cost issues but sees opportunities in the VIP market and international growth.

Las Vegas Sands reports robust Q2 recovery and eyes market growth

Las Vegas Sands (LVS) showcased a strong performance in Q2 2023, driven by recovery in key markets and a focus on margin improvement and non-gaming revenue growth.
Despite challenges such as ongoing renovations and market dynamics, LVS is well-positioned to capitalize on opportunities for growth and shareholder value enhancement.
The company's strategic initiatives, confidence in business segments, and commitment to regulatory standards highlight a resilient and forward-looking approach to navigating the evolving landscape.

Las Vegas Sands reports strong Q3 performance and eyes growth

Las Vegas Sands (LVS) demonstrated strong performance in Q3 2023, with strategic investments in Macao, Singapore, and plans for a 5-star resort in New York.
The company's focus on customer segments, margin expansion, and entertainment strategies positions it well for future growth and profitability.
Challenges such as declining win percentages and managing historical margin levels require strategic adjustments, while opportunities in new developments and entertainment enhancements offer avenues for growth.
Overall, Las Vegas Sands (LVS) is navigating market dynamics effectively, leveraging strengths in revenue generation, entertainment offerings, and appealing to specific tourism segments for sustained growth.

Las Vegas Sands reports robust Q4 earnings and eyes growth opportunities

Las Vegas Sands showcased strong EBITDA performance in Macao and Marina Bay Sands
Focus on high-quality assets, revenue growth, and returning capital to shareholders
Challenges include high hold in Singapore, impact of renovations, and turnover rent mechanism
Opportunities lie in bidding for a New York license, Chinese New Year demand, and non-gaming investments

Las Vegas Sands reports record EBITDA in Q1 2024

Las Vegas Sands delivered strong financial results in Q1 2024, with record EBITDA in Macao and Singapore.
The company faces challenges from market share fluctuations, capacity constraints, and debt management.
Opportunities lie in market expansion in Macao, potential markets like Thailand, and optimizing property performance.
Overall, Las Vegas Sands remains optimistic about future growth prospects and is focused on strategic investments for expansion.

Las Vegas Sands reports robust Q2 performance and eyes new markets

Las Vegas Sands (LVS) demonstrated strong financial performance in Q2 2024, driven by growth in Macau and Singapore, with a focus on shareholder returns and strategic investments.
While challenges exist in managing margins during renovations and addressing visitation trends, LVS is well-positioned to capitalize on growth opportunities in new markets and through policy initiatives.
Overall, LVS's performance, strengths, and focus on future opportunities indicate a resilient and growth-oriented approach in the competitive gaming and hospitality industry.

Las Vegas Sands reports strong Q3 performance amidst growth opportunities

Las Vegas Sands showed solid performance in Q3 2024, with revenue growth in Macao and strategic initiatives like the Londoner Grand opening.
Despite EBITDA impacts from lower-than-expected hold, the company's financial strength was evident through stock repurchases and dividend increases.
Challenges in gaming performance and regulatory processes exist, but opportunities in market growth and new projects offer avenues for future success.

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Cost of revenue

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EBITDA

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Change in stock

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Cash from other sources

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Free cash flow

Las Vegas Sands Corp. engages in the development of destination properties. It operates through the Macao and Singapore geographical segments. The Macao segment handles the operations of The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao. The Singapore segment includes the Marina Bay Sands. The company was founded by Sheldon Gary Adelson in August 2004 and is headquartered in Las Vegas, NV.

Marriott

SHANGHAI , Sept. 24, 2024 /PRNewswire/ -- Marriott International, Inc. and Sands China Ltd.

Marriott International Signs Agreement with Sands China Ltd. to Bring The Luxury Collection Brand to Macao

The company's support of the premier global leadership event represents its aligned commitment to addressing economic empowerment, diversity, hardship relief and climate change. LAS VEGAS , Sept.

Sands Announces Sponsorship of 2024 Clinton Global Initiative Meeting in New York City

MGM Resorts

Melco Resorts and Entertainment

Wynn Resorts

Macau's casino industry faces intense regulatory scrutiny, economic pressures and shifting investor sentiment.

Macau Casinos Face Regulatory Challenges: Can They Stay in the Game?

The China-born LPGA Tour winner will support the company's efforts to showcase women athletes as leaders on and off their playing fields through resort and community initiatives.  LAS VEGAS , Sept.

LPGA Pro Muni "Lily" He Joins Sands as a Champion Ambassador

Las Vegas Sands stock currently trades at $41 per share, roughly 39% below its pre-inflation shock high of $66 seen on March 15, 2021. The stock has been significantly affected by its Macau operations, which generated over 60% of its revenue before the pandemic.

Should You Bet On Las Vegas Sands Stock Returning To $60?

Las Vegas Sands Corp. stock in Macau remains undervalued despite numerous BUY recommendations. The stock price has decreased by nearly 20% since January, with Q2 revenue slightly missing expectations. Analysts are puzzled by the low price of Las Vegas Sands stock in the world's biggest gaming market.

Las Vegas Sands: An Archeological Dig May Show Why It Remains Dead Pooled So Long

Las Vegas Sands (LVS) reported earnings 30 days ago. What's next for the stock?

Why Is Las Vegas Sands (LVS) Up 4.4% Since Last Earnings Report?

Shares of Las Vegas Sands Corp (NYSE:LVS) are down 1.4% at $40.49 at last glance, after a downgrade from UBS to "neutral" from "buy.

Las Vegas Sands Stock Slips on Downgrade

Solid Macao and Singapore business, driven by strategic investments, aid Las Vegas Sands (LVS). However, high debt and stiff competition are concerns.

Solid Macao Business Aids Las Vegas Sands (LVS), High Debt Ails

MACAO , Aug. 1, 2024 /PRNewswire/ -- Sands China Ltd. has earned Top 1% rankings in both the China edition and the Global edition of the S&P Global Sustainability Yearbook 2024, a testament to the company's impressive ESG (environmental, social and governance) achievements.

S&P Global Ranks Sands China in Top 1% for ESG Performance

Ulta Beauty

As a rule of thumb, investors should avoid targeting companies that have suffered steep losses. You might think that circumstances can't get any worse.

3 Stocks With the Largest 52-Week Losses

Las Vegas Sands' (LVS) second-quarter 2024 results reflect continuous performance improvements in Macao and Singapore. Yet, travel recovery softness compared with pre-pandemic levels in Macao is a concern.

Las Vegas Sands (LVS) Q2 Earnings & Revenues Lag, Up Y/Y

Part of company's ongoing Community Revitalisation Series MACAO , July 25, 2024 /PRNewswire/ -- Sands China Ltd. disclosed the results of its Entrepreneurship Recruitment Programme for Rua das Estalagens, part of the company's ongoing Community Revitalisation Series, at a results announcement ceremony at The Londoner® Macao Thursday.

Sands China Announces Winners of 'Entrepreneurship Recruitment Programme for Rua das Estalagens'

Las Vegas Sands Corporation (NYSE:LVS ) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Daniel Briggs - SVP, IR Robert Goldstein - Chairman & CEO Patrick Dumont - President & COO Randy Hyzak - CFO Zachary Hudson - EVP, Global General Counsel, Secretary Conference Call Participants Joe Greff - JP Morgan Stephen Grambling - Morgan Stanley Robin Farley - UBS Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Merrill Lynch Chad Beynon - Macquarie Brandt Montour - Barclays David Katz - Jefferies Dan Politzer - Wells Fargo Steven Wieczynski - Stifel Operator Good day, ladies and gentlemen, and welcome to the Sands Second Quarter 2024 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to Mr.

Las Vegas Sands Corporation (LVS) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Las Vegas Sands (LVS) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Las Vegas Sands (LVS) Reports Q2 Earnings: What Key Metrics Have to Say

Las Vegas Sands (LVS) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.46 per share a year ago.

Las Vegas Sands (LVS) Q2 Earnings and Revenues Lag Estimates

For the quarter ended June 30, 2024 Net Revenue of $2.76 billion and Net Income of $424 million Consolidated Adjusted Property EBITDA of $1.07 billion Macao Adjusted Property EBITDA of $561 million Low Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $4 million Marina Bay Sands Adjusted Property EBITDA of $512 million High Hold on Rolling Play at Marina Bay Sands Positively Impacted Adjusted Property EBITDA by $64 million LVS Repurchased $400 million of Common Stock LAS VEGAS , July 24, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS), the leading global developer and operator of Integrated Resorts, today reported financial results for the quarter ended June 30, 2024. "Our financial and operating results for the second quarter of 2024 reflect growth in both Macao and Singapore compared to the second quarter of 2023.

Las Vegas Sands Reports Second Quarter 2024 Results

July 18-21 event supported Macao's "tourism+" initiative  Free business platform for local SMEs and Sands retailers    MACAO , July 24, 2024 /PRNewswire/ -- The 2024 Sands Shopping Carnival successfully drew to a close Sunday at The Venetian® Macao's Cotai Expo, after setting an all-time high of 120,000 visits during four days of shopping, activities and performances. The Sands Shopping Carnival has welcomed over 540,000 visitors since its 2020 debut, becoming an annual signature event for Sands China.

2024 Sands Shopping Carnival Draws Record-Breaking 120,000 Visits

LAS VEGAS , July 17, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its second quarter 2024 financial results on Wednesday, July 24, 2024, after market close. The company will host a conference call to discuss its results at approximately 1:30 p.m.

Sands to Release Second Quarter 2024 Financial Results

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Here's Why Las Vegas Sands (LVS) is a Strong Value Stock

Las Vegas Sands (LVS) second-quarter 2024 results are likely to benefit from improved visitation in Macao and Singapore.

Las Vegas Sands (LVS) to Post Q2 Earnings: What's in Store?

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Las Vegas Sands (LVS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Las Vegas Sands (LVS) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Progress on the company's 2021-2025 ambitions in emissions reduction, workforce development and community service contributions highlight the reporting cycle's midpoint review. LAS VEGAS , July 9, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) has released its latest environmental, social and governance (ESG) report, outlining the company's 2023 progress on the corporate responsibility priorities established for its 2021-2025 reporting period.

Sands Releases its 2023 Environmental, Social and Governance Report

Las Vegas Sands is expected to publish its Q2 2024 results around mid-July. We expect revenues to come in around $2.85 billion, about 11% higher than last year and marginally ahead of consensus estimates.

News for Las Vegas Sands Stock (LVS)