earnings
confidence high
sentiment neutral
materiality 0.75
Las Vegas Sands Q3 net revenue $2.68B, EBITDA $991M; raises dividend to $1.00 annual
LAS VEGAS SANDS CORP
2024-Q3 EPS reported
$1.51
revenue$8,402,000,000
- Net revenue $2.68B vs $2.80B YoY; net income $353M vs $449M; operating income $504M down from $688M.
- Consolidated adjusted property EBITDA $991M vs $1.12B YoY; Macao EBITDA $585M, MBS EBITDA $406M with low hold impact.
- Repurchased $450M shares in Q3; Board authorized $2.0B in additional repurchases through Nov 2026.
- Annual dividend raised to $1.00/share ($0.25/qtr) for 2025, up from $0.80/share previously.
- SCL entered new HKD 19.5B revolver and HKD 12.95B term loan to refinance senior notes due Aug 2025.