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Jun 30, 2023
Las Vegas Sands Q2 2023 Earnings Report
Las Vegas Sands reported Q2 2023 results, showing recovery in travel and tourism spending in Macao and Singapore, achieving the strongest financial performance since 2019 and reinstating the quarterly dividend.
Key Takeaways
Las Vegas Sands Corp. reported a net revenue of $2.54 billion and a net income of $368 million for the second quarter of 2023. The company's consolidated adjusted property EBITDA reached $973 million, marking its strongest financial performance since 2019. The company has reinstated its quarterly dividend at $0.20 per share.
Travel and tourism spending recovered in Macao and Singapore.
Net revenue reached $2.54 billion, with net income at $368 million.
Consolidated Adjusted Property EBITDA hit $973 million, the strongest since 2019.
Quarterly dividend reinstated at $0.20 per share.
Revenue by Geographic Location
Forward Guidance
The company remains enthusiastic about welcoming more guests back to its properties throughout the remainder of 2023 and in the years ahead. Sands is committed to making industry-leading investments and is positioned to deliver strong growth in the years ahead.
Positive Outlook
- Robust recovery in travel and tourism spending in Macao and Singapore.
- Marina Bay Sands delivered outstanding performance in all segments.
- Ongoing recovery in all gaming and non-gaming segments in Macao.
- Commitment to investments enhancing Macao’s tourism appeal.
- Financial strength supports ongoing investment and capital expenditure programs.
Challenges Ahead
- Risks relating to gaming license in Singapore and new concession in Macao.
- Uncertainty about the pace of recovery of travel and tourism in Asia.
- Potential disruptions due to natural or man-made disasters, pandemics, or outbreaks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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