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Dec 31, 2022
Las Vegas Sands Q4 2022 Earnings Report
Las Vegas Sands' financial performance was impacted by travel restrictions and reduced visitation, but Marina Bay Sands achieved record mass gaming revenue, and the company secured a new gaming concession in Macao.
Key Takeaways
Las Vegas Sands Corp. reported a net revenue of $1.12 billion, a 10.8% increase from the prior year quarter. The operating loss was $166 million, and the net loss from continuing operations was $269 million. Marina Bay Sands continued its recovery, achieving record levels in mass gaming and retail revenue.
Travel restrictions and reduced visitation continued to impact financial results.
Marina Bay Sands' recovery progressed, with mass gaming revenue reaching a property record.
Ongoing investments in Macao and Singapore position the company for future growth.
The company received a new gaming concession in Macao, enabling continued investment and development.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Las Vegas Sands is optimistic about recovery in travel and tourism, particularly in Macao and Singapore. The company is investing in its properties and pursuing growth opportunities in new markets.
Positive Outlook
- Robust recovery in travel and tourism spending across markets.
- Deep enthusiasm for welcoming more guests back to properties.
- Record levels of performance in mass gaming and retail revenue at Marina Bay Sands.
- Opportunity to introduce new suite product to more customers as airlift capacity improves.
- Gratified to receive a new gaming concession in Macao.
Challenges Ahead
- Travel restrictions and reduced visitation continued to impact financial performance.
- Operating loss was $166 million, compared to $138 million in the prior year quarter.
- Net loss from continuing operations was $269 million, compared to $315 million in the fourth quarter of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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