Las Vegas Sands Reports 5.7% Revenue Decline in Q1 2025

Las Vegas Sands reported declines in revenue and net income for the first quarter, largely due to softer market growth in Macau, where revenues fell to approximately $1.7 billion. Despite the downturn in Macau, the company's Singapore operations, particularly Marina Bay Sands, continued to show strong performance and delivered increased revenue. The company's adjusted earnings per share of $0.59 narrowly beat or matched most analyst consensus estimates, though overall revenue of $2.86 billion missed expectations. CEO Robert Goldstein emphasized ongoing commitment to strategic investments in both Macau and Singapore, expressing optimism about future growth opportunities as travel and tourism spending in Asia expands. Las Vegas Sands' stock has underperformed the broader market this year, reflecting investor concerns over the company's earnings outlook and Macau's slowing recovery. The company continues to prioritize capital investments to enhance its integrated resorts and maintain its competitive edge in the region.