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Mar 31, 2021
Las Vegas Sands Q1 2021 Earnings Report
Las Vegas Sands reported first quarter 2021 results, showing pandemic-related travel restrictions and reduced visitation continued to impact financial results, but positive Adjusted Property EBITDA was generated in Macao and Singapore.
Key Takeaways
Las Vegas Sands Corp. reported a net revenue of $1.20 billion, a decrease of 15.6% from the prior year quarter. The operating loss was $96 million, and the net loss from continuing operations was $280 million. Consolidated adjusted property EBITDA was $244 million.
Generated Positive Adjusted Property EBITDA in Macao and Singapore.
Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results.
Safety and Security of Team Members and Guests and Support for Local Communities in Macao, Singapore and Las Vegas Remain Central to our Efforts.
Balance Sheet Strength Enables the Company to Pursue Promising Development Opportunities in New Markets.
Las Vegas Sands
Las Vegas Sands
Las Vegas Sands Revenue by Segment
Las Vegas Sands Revenue by Geographic Location
Revenue by Segment
Casino Revenue
CapyFin.comRooms Revenue
CapyFin.comFood & Beverage Revenue
CapyFin.comMall Revenue
CapyFin.comConvention & Other Revenue
CapyFin.comThe Venetian Macao Revenue
CapyFin.comThe Londoner Macao Revenue
CapyFin.comThe Parisian Macao Revenue
CapyFin.comThe Plaza & Four Seasons Revenue
CapyFin.comSands Macao Revenue
CapyFin.comMacao Ferry & Other Revenue
CapyFin.comRevenue by Geographic Location
Marina Bay Sands Revenue
CapyFin.com Forward Guidance
Las Vegas Sands did not provide specific forward guidance in its earnings report. However, they expressed enthusiasm about welcoming more guests back to their properties and confidence in the eventual recovery in travel and tourism spending.
Positive Outlook
- Opportunity to welcome more guests back to properties.
- Deeply committed to supporting team members.
- Confident in the eventual recovery in travel and tourism spending.
- Demand for offerings from customers who have been able to visit remains robust.
- Financial strength supports investment and capital expenditure programs.
Challenges Ahead
- Pandemic-related travel restrictions continue to limit visitation.
- Travel restrictions hinder current financial performance.
- Sale of Las Vegas real property and operations.
- Uncertainty of the extent, duration and effects of the COVID-19 pandemic.
- Potential difficulties in employee retention due to the announcement and pendency of the Proposed Transaction
Revenue & Expenses
Visualization of income flow from segment revenue to net income