The leading global developer and operator of integrated resorts, Las Vegas Sands, released its latest financial results.
On Wednesday, the company uncovered its unaudited financial report for the quarter ending June 30, 2025.
Net revenue soars year-over-year in Q2
Notably, during the second quarter, Las Vegas Sands reported net revenue of $3.18bn, a figure that points to a notable increase year-over-year.
In contrast, for the corresponding quarter in 2024, net revenue halted at $2.76bn.
A breakdown of the total net revenue shows an increase in the revenues derived from the company's casino, hotel and mall operations.
In total, the casino revenue reported by Las Vegas Sands in Q2 this year hit $2.42bn, marking an increase when compared to the $2.04bn result from the same period last year.
Rooms revenue during the latest trading period soared to $345m, from $313m in Q2 2024.
Similarly, Las Vegas Sands' mall revenue in Q2 this year increased to $187m from $174m for the same period in 2024.
Food and beverage revenue reported by the company in Q2 was approximately on-par at $147m, while convention, retail and other revenue halted at $81m, down from $91m for the same period the prior year.
Besides revenue, Las Vegas Sands released further details regarding its financial performance.
The company reported consolidated adjusted property EBITDA of $1.33bn in Q2 this year and confirmed it repurchased $800m of common stock.
For the quarter ended June 30, 2025, Las Vegas Sands reported Macao adjusted property EBITDA of $566m, while Marina Bay Sands adjusted property EBITDA was $768m.
The company continues to invest in Macao and Singapore
Robert G. Goldstein, Las Vegas Sands' Chief Executive Officer and Chairman, spoke about the recently released results, Casino Guru News learned from a press release.
"We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore as we realize the benefits from our recently completed capital investment programs in both markets," the executive said.
Goldstein acknowledged the company's decades-long dedication and investment in Macao, making the jurisdiction more appealing to tourists and business visitors.
Moreover, the executive pointed out: "In Singapore, Marina Bay Sands once again delivered record financial and operating performance. Our new suite product and elevated service offerings position us for additional growth as travel and tourism spending in Asia expands."
Goldstein pointed to Las Vegas Sands' ongoing investment in both Macao and Singapore, predicting further growth and capital return to stockholders.
Focusing on the bigger picture, the company released details regarding its performance for six months ended June 30, 2025.
Notably, net revenues for the aforementioned period soared to $6.04bn, marking a significant increase when compared to the $5.72bn result from the corresponding period the prior year.