Financial Performance - Q1 2025 - LVS Consolidated Net Revenue was $2862 million, a decrease of $97 million compared to Q1 2024[10] - Net Income Attributable to LVS was $352 million, a decrease of $142 million compared to Q1 2024[10] - Adjusted Property EBITDA was $1140 million, a decrease of $67 million compared to Q1 2024[10] - Adjusted Property EBITDA Margin was 398%, a decrease of 100 bps compared to Q1 2024[10] - Macao Operations Adjusted Property EBITDA was $535 million, a decrease of 123% compared to Q1 2024[13] - Marina Bay Sands Adjusted Property EBITDA was $605 million, an increase of 13% compared to Q1 2024[13] Capital Allocation - LVS repurchased $450 million of its stock in Q1 2025[10, 11] - LVS paid $179 million in dividends, which is $025 per share[11] - The LVS Board of Directors increased the share repurchase authorization to $20 billion on April 22, 2025[8, 11] Macao Market - Macao market generated gaming revenue of approximately $72 billion in 1Q25, up 1% from 1Q24[26] - Mass gaming revenue in Macao was approximately $63 billion, up 1% from 1Q24[26] - Visitation from China excluding Guangdong province remained at approximately 75% of 1Q19 levels[26] - Total visitation to Macao in 1Q25 was approximately 99 million people, which is approximately 95% of 1Q19 levels[57] Marina Bay Sands - Mass win at Marina Bay Sands was $778 million, up 13% from $687 million in 1Q24[29] - Marina Bay Sands Adjusted Property EBITDA margin was 520%[29]
LVSC(LVS) - 2025 Q1 - Earnings Call Presentation