---
schema_version: "secwatch.filing_event.v1"
accession: "0001300514-25-000089"
form_type: "8-K"
ticker: "LVS"
cik: "0001300514"
company_name: "LAS VEGAS SANDS CORP"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:55:19.630239+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Las Vegas Sands Q1 net revenue $2.86B, net income down 30%; buyback authorization raised to $2B

## Summary
- Net revenue $2.86B (down from $2.96B YoY); net income $408M (down from $583M).
- Consolidated adj. property EBITDA $1.14B vs $1.21B; Macao $535M (low hold -$10M), MBS $605M.
- Repurchased $450M of stock in Q1; Board increased authorization to $2.0B.
- Dividend $0.25/share continued; next payable May 14, 2025.
- Capex $379M; MBS entered SGD 3.75B term loan & SGD 7.5B delayed draw for expansion.

## SEC filing metadata
- accession: 0001300514-25-000089
- form_type: 8-K
- ticker: LVS
- cik: 0001300514
- company_name: LAS VEGAS SANDS CORP
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300514/000130051425000089/0001300514-25-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300514/000130051425000089/lvs-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001300514-25-000089
- JSON: https://secwatch.observer/filing/0001300514-25-000089.json
- Plain text: https://secwatch.observer/filing/0001300514-25-000089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.