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Sep 30, 2020
Las Vegas Sands Q3 2020 Earnings Report
Las Vegas Sands experienced a significant decline in revenue and profitability due to the COVID-19 pandemic, but recovery was progressing in each of its markets.
Key Takeaways
Las Vegas Sands Corp. reported a net revenue of $586 million for Q3 2020, a decrease of 82.0% compared to the prior year quarter. The company experienced an operating loss of $610 million and a net loss of $731 million. Despite these losses, Las Vegas Sands remains optimistic about the eventual recovery of travel and tourism and is continuing with its development and capital expenditure programs in Macao and Singapore.
Recovery progressing in each market.
Priorities remain the safety and security of team members and guests.
Development and capital expenditure programs continue in Macao and Singapore.
Strong balance sheet positions the company to invest in future growth opportunities.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This press release contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations.
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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