LVSC(US:LVS)2025-07-23 20:30Financial Performance Highlights - Las Vegas Sands' Net Revenue increased by 14% from $2761 million in 2Q24 to $3175 million in 2Q25[9] - Net Income attributable to Las Vegas Sands increased from $424 million to $519 million[9] - Adjusted diluted earnings per share increased by $024 from $055 in 2Q24 to $079 in 2Q25[9] - Adjusted Property EBITDA increased by 243% from $1073 million in 2Q24 to $1334 million in 2Q25[9] - Adjusted Property EBITDA margin increased by 310 basis points from 389% to 420%[9] Capital Allocation - Las Vegas Sands repurchased $800 million of LVS stock, representing 2021 million shares at a weighted average price of $3959[10] - Las Vegas Sands paid $175 million in dividends, equivalent to $025 per share[10] - Las Vegas Sands increased its ownership in Sands China Ltd (SCL) to 734% with the purchase of $179 million of SCL shares[10] Macao Market Update - The Macao market generated gaming revenue of approximately $76 billion in 2Q25, an 8% increase compared to 2Q24[21] - Mass gaming revenue in Macao was approximately $65 billion, up 6% compared to 2Q24[21] - Visitation from China excluding Guangdong province in April and May of 2Q25 remained below 2019 levels, reaching approximately 65% of the comparable period in 2019[21] - Sands China Ltd's Adjusted Property EBITDA was $566 million[21] Marina Bay Sands (Singapore) Update - Marina Bay Sands' Adjusted Property EBITDA was $768 million[23] - Mass win was $843 million, up 40% from $604 million in 2Q24[23] - Rolling volume was $89 billion, up 47% from $61 billion in 2Q24[23] - Adjusted Property EBITDA margin was 553%[23]