Financial Performance - Total net revenues for the three months ended March 31, 2025, were $2.86 billion, a decrease of 3.3% compared to $2.96 billion for the same period in 2024[127]. - Operating income was $609 million for the three months ended March 31, 2025, down from $717 million for the same period in 2024[127]. - Net income decreased to $408 million for the three months ended March 31, 2025, compared to $583 million for the same period in 2024[127]. - Consolidated adjusted property EBITDA decreased to $1,140 million in Q1 2025 from $1,207 million in Q1 2024, a decline of 5.6%[150]. - Adjusted property EBITDA for Macao operations fell by $75 million compared to Q1 2024, primarily due to decreased casino operations[151]. Casino Operations - Casino revenues decreased by $101 million, with Macao operations contributing a $99 million decline and Marina Bay Sands a $2 million decline[129]. - Non-Rolling Chip drop in Macao decreased by 6.4% to $2.26 billion, while Non-Rolling Chip win percentage fell by 2.6 percentage points to 22.7%[130]. - Rolling Chip volume at The Venetian Macao decreased by 16.7% to $862 million, with win percentage dropping by 4.53 percentage points to 2.18%[130]. - Marina Bay Sands reported total net casino revenues of $857 million, a slight decrease of 0.2% compared to the previous year[131]. - Food and beverage revenues decreased by $9 million compared to the three months ended March 31, 2024, driven by decreased business volume at Macao operations[137]. Revenue Sources - Room revenues decreased by $6 million compared to the three months ended March 31, 2024, with a $9 million decrease at Macao operations, partially offset by a $3 million increase at Marina Bay Sands[134]. - Total room revenues for Macao operations in Q1 2025 were $53 million for The Venetian Macao, $73 million for The Londoner Macao (down 18.0%), and $35 million for The Parisian Macao[135]. - Mall revenues increased by $12 million compared to the same period in 2024, driven by a $9 million increase in Macao operations and a $3 million increase at Marina Bay Sands[138]. Expenses and Costs - Operating expenses for the three months ended March 31, 2025, were $2.25 billion, an increase of $11 million from $2.24 billion in the same period in 2024[141]. - Casino expenses decreased by $23 million compared to the three months ended March 31, 2024, primarily due to a $41 million decrease in gaming taxes at Macao operations[142]. - Provision for credit losses was $5 million for Q1 2025, down from $11 million in Q1 2024, reflecting a decrease at Marina Bay Sands[143]. - Development expenses increased to $69 million in Q1 2025 from $53 million in Q1 2024, primarily due to increased efforts in digital gaming pursuits[146]. - Depreciation and amortization increased by $42 million compared to the same period in 2024, attributed to renovations completed at Marina Bay Sands[147]. Cash and Debt Management - The company had total unrestricted cash and cash equivalents of $3.04 billion as of March 31, 2025, with additional borrowing capacity of $4.39 billion across various facilities[117]. - Net cash generated from operating activities decreased by $188 million to $526 million for the three months ended March 31, 2025, compared to $714 million in the same period of 2024[178]. - The company held unrestricted cash and cash equivalents of $3.04 billion and restricted cash of $125 million as of March 31, 2025[188]. - The company repurchased 10,086,681 shares for $454 million during Q1 2025, with an increased share repurchase authorization from $1.10 billion to $2.0 billion[193]. - Total debt obligations for 2025, including the new Singapore Credit Facility, amount to $2.842 billion[196]. Investments and Future Projects - The company committed to invest at least 35.84 billion patacas (approximately $4.47 billion) in Macao, with 33.39 billion patacas (approximately $4.17 billion) allocated for non-gaming projects by December 2032[166]. - The Londoner Macao renovation includes 2,405 rooms and suites, with 1,746 licensed for occupancy by March 31, 2025, at a total estimated cost of $1.2 billion[169]. - The MBS Expansion Project in Singapore will add a hotel tower, premium gaming areas, and a live entertainment arena with approximately 15,000 seats, with a total project cost estimated at $8.0 billion[173]. - As of March 31, 2025, the company incurred approximately $2.3 billion in costs related to the MBS development project, including $845 million for the Additional Gaming Area payment[174]. - The company is evaluating additional development projects globally and pursuing new opportunities[177]. Market Risks and Economic Outlook - The company’s primary exposures to market risk include interest rate risk and foreign currency exchange rate risk[206]. - The company anticipates that its future operations may be affected by various risks, including economic downturns and regulatory changes[200]. - A hypothetical 100 basis point change in market rates would cause the fair value of the company's debt to change by $273 million[207]. - A hypothetical 1% weakening of the U.S. dollar/pataca exchange rate would result in a foreign currency transaction loss of approximately $17 million[208]. - Foreign currency transaction losses were $1 million for the three months ended March 31, 2025, primarily due to U.S. dollar denominated debt[208].

Las Vegas Sands Corp. (LVS) reported first-quarter 2025 results, with earnings and revenues missing the Zacks Consensus Estimate. The metrics declined on a year-over-year basis, owing to a challenging macro environment. For the first quarter, the company reported solid financial and operational performance at Marina Bay Sands, Singapore. The launch of new suite offerings and enhanced service levels has positioned the property to benefit from rising travel and tourism spending across Asia. LVS' Q1 Earnings & ...

1Q25 Earnings Presentation April 23, 2025 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the discussions of our business strategies and expectations concerning future operations, margins, profitability, liquidity and capital resources. In addition, in certain portions included in this presentation, the words "anticipates," "believes," ...

Core Insights - Las Vegas Sands (LVS) reported a revenue of $2.86 billion for the quarter ended March 2025, reflecting a decrease of 3.3% year-over-year, with EPS at $0.59 compared to $0.75 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.88 billion, resulting in a surprise of -0.47%, while the EPS also missed the consensus estimate of $0.60 by -1.67% [1] Financial Performance Metrics - LVS shares have returned -15.7% over the past month, underperforming the Zacks S&P 500 composite, which saw a decline of -6.6% [3] - Key metrics for LVS in Macao include: - Rolling Chip volume at Sands Macao was $59 million, exceeding the average estimate of $43.48 million [4] - RevPAR at Sands Macao was $172, slightly above the average estimate of $169.70 [4] - Rolling Chip win percentage at Sands Macao was 4.2%, surpassing the estimated 3.7% [4] - Net Revenues for Sands Macao were $75 million, below the average estimate of $83.66 million, marking a -1.3% change year-over-year [4] - Net Revenues for The Plaza Macao and Four Seasons Macao were $208 million, exceeding the estimate of $223.05 million, representing a +46.5% change year-over-year [4] - Net Revenues for The Parisian Macao were $227 million, below the estimate of $245.07 million, reflecting a -1.3% change year-over-year [4] - Net Revenues for The Londoner Macao were $529 million, under the estimate of $558.90 million, indicating a -5.9% change year-over-year [4] - Net Revenues for The Venetian Macao were $638 million, below the estimate of $688.20 million, showing a -17.3% change year-over-year [4] - Marina Bay Sands reported revenues of $1.16 billion, slightly above the estimate of $1.14 billion, with a +0.4% change year-over-year [4] - Total revenue for Macao was $1.71 billion, below the estimate of $1.82 billion, reflecting a -5.6% change year-over-year [4] - Food and Beverage revenue for The Venetian Macao was $15 million, below the estimate of $17.53 million, indicating an -11.8% change year-over-year [4]

EXHIBIT 99.1 PRESS RELEASE For Immediate Release Las Vegas Sands Reports First Quarter 2025 Results For the quarter ended March 31, 2025 LAS VEGAS, April 23, 2025 - Las Vegas Sands (NYSE: LVS), the leading global developer and operator of Integrated Resorts, today reported financial results for the quarter ended March 31, 2025. "We continued to execute our strategic objectives during the quarter. We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore in ...

For the quarter ended March 31, 2025 Net Revenue of $2.86 billion and Net Income of $408 million Consolidated Adjusted Property EBITDA of $1.14 billion Macao Adjusted Property EBITDA of $535 million Low Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $10 million Marina Bay Sands Adjusted Property EBITDA of $605 million LVS Repurchased $450 million of Common Stock LVS Board of Directors Increased Stock Repurchase Authorization to $2.0 billionLAS VEGAS, April 23, 2025 /PRNewswi ...

Core Insights - Analysts expect Las Vegas Sands (LVS) to report quarterly earnings of $0.60 per share, reflecting a year-over-year decline of 20% [1] - Revenue projections stand at $2.93 billion, indicating a slight decrease of 0.9% from the same quarter last year [1] - The consensus EPS estimate has been adjusted upward by 2.4% over the past 30 days, suggesting a reassessment of initial projections by analysts [1][2] Revenue Estimates - 'Net Revenues- The Londoner Macao' is estimated at $558.90 million, a decrease of 0.6% from the prior year [4] - 'Net Revenues- The Plaza Macao and Four Seasons Macao' is projected at $223.05 million, showing a significant increase of 57.1% year-over-year [4] - 'Net Revenues- Sands Macao' is forecasted to reach $83.66 million, reflecting a year-over-year increase of 10.1% [4] - 'Net Revenues- The Venetian Macao' is estimated at $688.20 million, indicating a decline of 10.7% from the previous year [5] Key Metrics - The occupancy rate for 'The Parisian Macao' is expected to be 94.2%, down from 95.4% a year ago [5] - The average daily room rate for 'The Londoner Macao' is projected at $236.08, up from $188 in the same quarter last year [6] - 'Non-Rolling Chip drop - The Londoner Macao' is estimated at $1.84 billion, compared to $1.92 billion in the same quarter last year [6] - 'Non-Rolling Chip win percentage - The Londoner Macao' is expected to be 22.3%, an increase from 21.1% in the previous year [7] - 'Rolling Chip volume - The Londoner Macao' is projected at $2.15 billion, compared to $1.88 billion in the same quarter last year [7] - 'Rolling Chip win percentage - The Londoner Macao' is expected to be 3.7%, slightly down from 3.8% a year ago [8] - 'Slot handle - The Londoner Macao' is projected at $1.47 billion, down from $1.62 billion in the same quarter last year [8] - 'Slot hold percentage - The Londoner Macao' is expected to be 4.1%, up from 4% in the previous year [9] Stock Performance - Shares of Las Vegas Sands have decreased by 21.9% over the past month, contrasting with a 5.6% decline in the Zacks S&P 500 composite [11] - LVS holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [11]

Core Points - Las Vegas Sands has contributed $100,000 to 100 Black Men Las Vegas to support youth mentorship, scholarship, and community service programs [1] - The funding will enable new initiatives including STEM programs, a public service career pipeline, and real estate training [2] - The contribution also aids in identifying a permanent location for 100 Black Men Las Vegas [3] Youth Programs - The Sands Cares funding supports youth leadership development programs, including the Crossroads mentoring program, which served over 1,500 students in 2024 and resulted in a 20% increase in GPA [4] - The organization aims to provide $100,000 in scholarships in 2025, building on over $80,000 distributed in the previous year [5] - Community service initiatives supported include a monthly Virtual Youth Cooking Class and an annual Thanksgiving dinner distribution event [6] Organizational Background - 100 Black Men Las Vegas, established in 1999, focuses on improving the quality of life and educational opportunities for Black youths and their families [7] - The organization offers various programs addressing mentorship, education, health, economic empowerment, and leadership development [14] - Sands' partnership aligns with its commitment to education and workforce development [8]

MACAO, April 17, 2025 /PRNewswire/ -- Sands China celebrated the 10th anniversary of its Local Small, Medium and Micro Suppliers Support Programme Thursday at The Londoner Macao®, followed by the 2025 Sands China Local Supplier Open Day, which was attended by 250 local SMEs. Guests of honour celebrate the 10th anniversary of Sands China’s Local Small, Medium and Micro Suppliers Support Programme Thursday at The Londoner Macao, followed by the 2025 Sands China Local Supplier Open Day. Representatives fro ...

Core Insights - Las Vegas Sands has exceeded its 2021-2025 goals in workforce development and community service contributions, while also outperforming its emissions reduction targets [1][2] Workforce Development - By the end of 2024, the company invested $220 million in workforce development initiatives, surpassing its goal of $200 million by 2025 [3] - In 2024 alone, Sands spent nearly $38 million on job skills and career training for its Team Members and local labor pools [3] - The company procured $3 billion in goods and services from local businesses and SMEs, contributing to regional economic health [8] Community Contributions - Sands exceeded its target of 250,000 Team Member volunteer hours by 2025, achieving a total of 255,955 hours from 2021 to 2024 [4] - In 2024, Team Members logged 33,132 volunteer hours for over 70 nonprofit organizations [4] - The company provided $12 million in philanthropic contributions to nonprofit organizations and focused on capacity building through initiatives like the Sands Cares Accelerator [9] Emissions Reduction - Sands' scope 1 and 2 emissions were reduced by 50% in 2024, well below its 2025 target of a 17.5% reduction from the 2018 baseline [5] - The company released its first low-carbon transition plan, setting a new 30% emissions reduction target aligned with the Paris Agreement by 2025 [6] Environmental Initiatives - Sands increased its operational waste diversion rate by 6% over the 2019 baseline, exceeding its 5% target for 2025 [10] - The company prevented, rescued, or diverted 29% of food waste, surpassing its 25% target for 2025 [10] - Potable water use intensity was reduced by 11% from the 2019 baseline, ahead of its 3% reduction target for 2025 [11] Recognition and Future Goals - Sands was included in the 2024 Dow Jones Sustainability World and North America Indices and Newsweek's 2025 America's Most Responsible Companies list, ranking among the top 10% of global ESG scores [13] - The company aims to close gaps around its 2025 goals and set new targets for the 2026-2030 cycle [12]