When did Las Vegas Sands report Q1 2025 earnings?

Las Vegas Sands (LVS) reported Q1 2025 earnings on April 23, 2025 after market close.

What were Las Vegas Sands's Q1 2025 revenue and EPS?

Las Vegas Sands reported revenue of $2.9B and diluted EPS of $0.59 for Q1 2025.

Did Las Vegas Sands beat estimates in Q1 2025?

Revenue missed the consensus estimate of $2.9B by $20.6M. EPS beat the consensus estimate of $0.57 by $0.02.

Where can I find Las Vegas Sands's Q1 2025 SEC filings?

You can read the 10-Q periodic report (0001300514-25-000095) directly on SEC EDGAR. The filing index links above go to sec.gov.

Las Vegas Sands LVS Q1 2025 earnings

Reported April 23, 2025 · After market close

Revenue$2.9BMiss by $20.6M Diluted EPS$0.59Beat by $0.02

Revenue estimate$2.9B

EPS estimate$0.57

Next report

Jul 22, 2026 (In 1 week)

Revenue estimate$3.4B

EPS estimate$0.78

Financials

Q1 2025

Income statement

See full

Revenue$2.9B-3.3%

Operating income$609.0M-15.1%

Net income$352.0M-28.7%

EPS (diluted)$0.49-25.8%

Balance sheet

See full

Cash & equivalents$3.2B-37.8%

Total debt$16.8B+5.3%

Total equity$2.7B-31.7%

Total assets$21.2B0.0%

Cash flow

See full

Operating cash flow$526.0M-26.3%

CapEx$379.0M+93.4%

Free cash flow$147.0M-71.6%

Valuation & ratios

Valuation

as of 03/31/25

See full

Market cap$27.66B-28.7%

Enterprise value$41.34B-16.8%

P/E21.2×-3.5×

P/S2.5×-1.0×

Profitability

See full

Operating margin20.5%-3.2pp

Net margin11.6%-2.3pp

FCF margin11.3%-10.6pp

Returns & leverage

See full

Return on equity39.2%+0.1pp

Debt / equity6.2×+2.2×

Current ratio0.6×-0.7×

Segments

By product

See full

Casino$2.1B-4.5%

Rooms$324.0M-1.8%

Mall$186.0M+6.9%

Food and Beverage$141.0M-6.0%

By geography

See full

Macao$1.7B-5.7%

Singapore$1.2B+0.5%

United States-$61.0M+3.2%

Versus estimates

Revenue

Q1 2026$3.6BBeat by $223.1M Q4 2025$3.6BBeat by $304.9M Q3 2025$3.3BBeat by $278.2M Q2 2025$3.2BBeat by $334.5M

Q1 2025$2.9BMiss by $20.6M

Q4 2024$2.9BBeat by $43.1M

Diluted EPS

Q1 2026$0.91Beat by $0.15 Q4 2025$0.85Beat by $0.08 Q3 2025$0.78Beat by $0.16 Q2 2025$0.79Beat by $0.26

Q1 2025$0.59Beat by $0.02

Q4 2024$0.54Miss by $0.03

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Questions, answered.

When did Las Vegas Sands report Q1 2025 earnings?: Las Vegas Sands (LVS) reported Q1 2025 earnings on April 23, 2025 after market close.
What were Las Vegas Sands's Q1 2025 revenue and EPS?: Las Vegas Sands reported revenue of $2.9B and diluted EPS of $0.59 for Q1 2025.
Did Las Vegas Sands beat estimates in Q1 2025?: Revenue missed the consensus estimate of $2.9B by $20.6M. EPS beat the consensus estimate of $0.57 by $0.02.
Where can I find Las Vegas Sands's Q1 2025 SEC filings?: You can read the 10-Q periodic report (0001300514-25-000095) directly on SEC EDGAR. The filing index links above go to sec.gov.