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Las Vegas Sands
🇺🇸 NYSE:LVS
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Jun 30, 2022

Las Vegas Sands Q2 2022 Earnings Report

Las Vegas Sands' financial results were impacted by pandemic-related restrictions, but recovery in Singapore accelerated with Marina Bay Sands delivering adjusted property EBITDA of $319 million, while investments in capacity expansion and property portfolio enhancement position the company for future growth.

Key Takeaways

Las Vegas Sands Corp. reported net revenue of $1.05 billion and an operating loss of $147 million for the quarter ended June 30, 2022. The recovery in Singapore accelerated, with Marina Bay Sands delivering $319 million in adjusted property EBITDA. The company remains confident in the recovery of travel and tourism spending across its markets and is committed to supporting its team members and local communities.

Pandemic-related restrictions continued to impact financial results.

Recovery in Singapore accelerated, with Marina Bay Sands delivering $319 million in adjusted property EBITDA.

Ongoing investments in capacity expansion and enhancement of property portfolio position the company for future growth.

The company remains confident in the recovery of travel and tourism spending across its markets.

Total Revenue
$1.05B
Previous year: $1.17B
-10.9%
EPS
-$0.34
Previous year: -$0.26
+30.8%
Gross Profit
$444M
Previous year: $463M
-4.1%
Cash and Equivalents
$6.45B
Previous year: $2.06B
+213.1%
Total Assets
$22.1B
Previous year: $14.4B
+53.0%

Las Vegas Sands

Las Vegas Sands

Las Vegas Sands Revenue by Segment

Las Vegas Sands Revenue by Geographic Location

Forward Guidance

The company did not provide specific forward guidance, but expressed confidence in the recovery of travel and tourism spending across its markets. Demand for the company's offerings remains robust, but pandemic-related travel restrictions continue to limit visitation and hinder financial performance. The company's investments in its team members, communities, and Integrated Resort property portfolio position it well for future growth.

Positive Outlook

  • Confidence in the recovery of travel and tourism spending.
  • Robust demand from customers who have been able to visit.
  • Industry-leading investments in team members.
  • Investments in communities.
  • Investments in Integrated Resort property portfolio.

Challenges Ahead

  • Pandemic-related restrictions continue to impact financial results.
  • Travel restrictions continue to limit visitation.
  • Travel restrictions hinder current financial performance.
  • Uncertainty of the extent, duration and effects of the COVID-19 pandemic.
  • Risks relating to gaming license and subconcession.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Las Vegas Sands