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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.
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.comRevenue by Geographic Location
Macao Operations Revenue
CapyFin.comMarina Bay Sands Revenue
CapyFin.com 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