The leading global developer and operator of integrated resorts, Las Vegas Sands, released its unaudited financial results for the third quarter, reporting a strong increase in net revenues and operating income.
In Q3 2025, Las Vegas Sands posted exceptional results
On Wednesday, the company unveiled details regarding the financial performance recorded for the quarter ended September 30, 2025.
Notably, Las Vegas Sands' net revenues during the latest trading period soared to $3.33bn, a figure that points to a notable year-over-year increase of 24%, considering that in Q3 2024, net revenues halted at $2.68bn.
Unsurprisingly, the lion's share of the net revenues in Q3 this year came from the casino segment.
In total, casino revenue during the latest trading period hit $2.51bn, up by more than $500m when compared to the $1.94bn result from the corresponding quarter in 2024.
Further breakdown of the total revenue reported in Q3 reveals that the company's room revenue increased to $374m, up by 19% when compared to the $314m result from the same period last year.
Not unexpectedly, food and beverage and mall revenues also increased, hitting $165m and $199m, while the revenue from convention, retail and other operations decreased slightly year-over-year to $87m.
Only recently, Las Vegas Sands confirmed its withdrawal from the iGaming race in the United States.
The company is enthusiastic about growth opportunities in markets such as Singapore and Macao
Focusing on the bigger picture, the net revenues for the nine months ended September 30, 2025, also increased year-over-year.
During the same period in 2024, the net revenues halted to $8.4bn. In contrast, this year, the net revenues reported by Las Vegas Sands skyrocketed to $9.37bn.
Further details released by the company reveal that consolidated Adjusted Property EBITDA in Q3 was $1.34bn.
Las Vegas Sands posted a strong operating income of $719m in Q3 this year, up by 42% when compared to the $504m result from 2024.
Equally as important, the operating income for the first nine months of 2025 increased, hitting $2.11bn from $1.81m for the same period last year.
Robert G. Goldstein, Las Vegas Sands' Chairman and CEO, spoke with excitement about the latest results, Casino Guru News learned from a press release.
"We remain enthusiastic about our growth opportunities in both Macao and Singapore as we realize the benefits of our recently completed capital investment programs," he said.
Moreover, Goldstein pointed out: "Our financial strength and industry-leading cash flow continue to support our investment and capital expenditure programs in both Macao and Singapore, our pursuit of growth opportunities in new markets and our program to return excess capital to stockholders."
"We repurchased $500 million of LVS shares under our share repurchase program during the quarter. We look forward to utilizing our share repurchase program to continue to return excess capital to stockholders," the executive said in conclusion.
