Las Vegas Sands (LVS) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Las Vegas Sands (LVS) reported a revenue of $2.86 billion for the quarter ended March 2025, reflecting a decrease of 3.3% year-over-year, with EPS at $0.59 compared to $0.75 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.88 billion, resulting in a surprise of -0.47%, while the EPS also missed the consensus estimate of $0.60 by -1.67% [1] Financial Performance Metrics - LVS shares have returned -15.7% over the past month, underperforming the Zacks S&P 500 composite, which saw a decline of -6.6% [3] - Key metrics for LVS in Macao include: - Rolling Chip volume at Sands Macao was $59 million, exceeding the average estimate of $43.48 million [4] - RevPAR at Sands Macao was $172, slightly above the average estimate of $169.70 [4] - Rolling Chip win percentage at Sands Macao was 4.2%, surpassing the estimated 3.7% [4] - Net Revenues for Sands Macao were $75 million, below the average estimate of $83.66 million, marking a -1.3% change year-over-year [4] - Net Revenues for The Plaza Macao and Four Seasons Macao were $208 million, exceeding the estimate of $223.05 million, representing a +46.5% change year-over-year [4] - Net Revenues for The Parisian Macao were $227 million, below the estimate of $245.07 million, reflecting a -1.3% change year-over-year [4] - Net Revenues for The Londoner Macao were $529 million, under the estimate of $558.90 million, indicating a -5.9% change year-over-year [4] - Net Revenues for The Venetian Macao were $638 million, below the estimate of $688.20 million, showing a -17.3% change year-over-year [4] - Marina Bay Sands reported revenues of $1.16 billion, slightly above the estimate of $1.14 billion, with a +0.4% change year-over-year [4] - Total revenue for Macao was $1.71 billion, below the estimate of $1.82 billion, reflecting a -5.6% change year-over-year [4] - Food and Beverage revenue for The Venetian Macao was $15 million, below the estimate of $17.53 million, indicating an -11.8% change year-over-year [4]