Live Updates
Updates appear automatically as they are published.
Property-Level Revenue Snapshot
Macau vs. Singapore recovery is a core debate. This table breaks out revenue by property, helping investors evaluate regional strength and demand recovery patterns.
| Property / Region | Revenue | YoY Growth |
|---|---|---|
| Venetian Macau | $965M | +11% |
| Londoner Macau | $777M | +16% |
| Marina Bay Sands (SG) | $1.04B | +19% |
| Other / Corporate | $158M | +6% |
How Did LVS Stock Perform After Past Earnings
Recent quarters have seen muted or mixed reactions — consistency in EBITDA delivery and hold rates is key to regaining investor momentum.
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 14-Day Move |
|---|---|---|---|---|
| Q1 2025 | -4.8% | -2.6% | +0.4% | +1.1% |
| Q4 2024 | +2.1% | +1.9% | +3.3% | +3.8% |
| Q3 2024 | -3.5% | -3.0% | -2.2% | -1.1% |
| Q2 2024 | +1.0% | +0.8% | +1.7% | +2.0% |
Las Vegas Sand (NYSE:LVS) reports Q2 2025 earnings after the market closes today. Macau’s gaming rebound continues to exceed expectations, and recent data showed June GGR up 15% YoY — suggesting potential upside to base case revenue estimates. But expectations are also rising, especially around the mix of mass vs. VIP revenue, margin recovery, and suite-driven yield uplift in Singapore. Investors will be looking for sequential improvement in both revenue and EBITDA, as well as visibility into capex and ROI on recent renovation and digital marketing investments.
What to Expect
-
Revenue: $2.94 billion
-
EPS (Normalized): $0.61
-
FY 2025 Revenue: $11.76 billion
-
FY 2025 EPS: $2.38
That reflects +16.3% revenue growth YoY and ~30% EPS growth, driven by operating leverage, strong visitation trends in Macau, and improving premium segment performance at Marina Bay Sands
Key Areas to Watch
1. Macau GGR, Hold Rate, and Mass Mix
Macau is pacing toward a full post-COVID normalization, and mass segment mix is crucial to margin recovery. Management said Q1 was “held below theoretical” and expects more normalized VIP play in Q2. Investors will also watch for commentary on premium direct vs. junket demand.
2. Marina Bay Sands Renovation ROI
Management reaffirmed a $1.75B+ renovation plan, focused on premium suites and amenities. Commentary around return on investment, average daily rate (ADR), and occupancy will be key, especially as travel recovers in Southeast Asia.
3. Digital and Loyalty Initiatives
LVS is expanding data-driven marketing, including personalized offers and VIP tracking. Execution on this strategy will be evaluated based on player retention, spend per visit, and cross-market play behavior.
4. Cost Discipline and Operating Margins
Investors will look for signs of margin expansion in both Macau and Singapore, particularly as labor costs stabilize and promotional spend remains in check. Commentary on property EBITDA margins vs. pre-COVID levels will be closely watched.
5. Capital Allocation and Dividend Outlook
With strong cash generation in Macau, LVS has resumed its dividend and continues buybacks. Investors will want reaffirmation of return plans tied to free cash flow conversion, especially as capex steps up in Singapore.
The post Live Coverage: Will Las Vegas Sand (LVS) Stock Soar After Earnings? appeared first on 24/7 Wall St..
Click this link for the original source of this article.
Author: Joel South
This content is courtesy of, and owned and copyrighted by, https://247wallst.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
