Loading...
•
Dec 31, 2024
Las Vegas Sands Q4 2024 Earnings Report
Las Vegas Sands reported Q4 2024 results with net revenue of $2.90 billion and net income of $392 million.
Key Takeaways
Las Vegas Sands reported a net revenue of $2.90 billion and a net income of $392 million for the fourth quarter of 2024. The company's consolidated adjusted property EBITDA was $1.11 billion. Macao's ongoing recovery continued, while Marina Bay Sands delivered outstanding financial and operating performance.
Net Revenue reached $2.90 billion, with a Net Income of $392 million.
Consolidated Adjusted Property EBITDA amounted to $1.11 billion.
Macao Adjusted Property EBITDA totaled $571 million, negatively impacted by low hold on rolling play.
Marina Bay Sands Adjusted Property EBITDA was $537 million, positively impacted by high hold on rolling play.
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.comThe Venetian Macao Revenue
CapyFin.comThe Londoner Macao Revenue
CapyFin.comThe Parisian Macao Revenue
CapyFin.comThe Plaza & Four Seasons Revenue
CapyFin.comSands Macao Revenue
CapyFin.comMacao Ferry & Other Revenue
CapyFin.comRevenue by Geographic Location
Marina Bay Sands Revenue
CapyFin.com Forward Guidance
Las Vegas Sands is focused on delivering industry-leading growth in Macao and Singapore, executing capital investment programs, and returning excess capital to stockholders.
Positive Outlook
- Ongoing recovery in Macao.
- Marina Bay Sands is delivering outstanding financial and operating performance.
- New suite product and elevated service offerings in Singapore position the company for additional growth.
- Financial strength and industry-leading cash flow support ongoing investment and capital expenditure programs.
- Share repurchase and dividend programs continue to return excess capital to stockholders.
Challenges Ahead
- Spend per visitor in Macao remains below pre-pandemic levels.
- Low hold on rolling play in Macao negatively impacted Adjusted Property EBITDA by $22 million.
- High hold on rolling play at Marina Bay Sands positively impacted Adjusted Property EBITDA by $2 million.
- Net revenue decreased 0.7% from the prior year quarter.
- Operating income was lower compared to the prior year quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income