Las Vegas Sands ( (LVS) ) has released its Q1 earnings. Here is a breakdown of the information Las Vegas Sands presented to its investors.
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Las Vegas Sands Corp. is a leading global developer and operator of integrated resorts, known for its iconic properties that drive leisure and business tourism, primarily operating in the gaming and hospitality industry.
In its first quarter of 2025, Las Vegas Sands reported net revenue of $2.86 billion and a net income of $408 million. The company also highlighted its strategic focus on growth in Macao and Singapore, despite some market softness in Macao.
Key financial metrics included a consolidated adjusted property EBITDA of $1.14 billion, with Macao contributing $535 million and Marina Bay Sands $605 million. The company repurchased $450 million of its common stock and increased its stock repurchase authorization to $2.0 billion, reflecting confidence in its financial position.
Looking ahead, Las Vegas Sands remains optimistic about its growth prospects in Macao and Singapore, supported by its strong financial position and ongoing investment programs. The company aims to continue delivering value to shareholders through strategic investments and capital returns.