Las Vegas Sands Q1 2021 Earnings Report
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
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