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Investing.com -- Las Vegas Sands Corp (NYSE:LVS) shares surged 4.6% after the casino operator reported second-quarter revenue and earnings that significantly exceeded analyst expectations, driven by record performance at its Singapore property and continued recovery in Macao.
The company posted revenue of $3.18 billion for the quarter ended June 30, 2025, handily beating the analyst consensus of $2.84 billion and representing a 15.2% increase from $2.76 billion in the same period last year. Adjusted earnings per share came in at $0.66, surpassing the analyst estimate of $0.53 by $0.13.
Marina Bay Sands in Singapore was the standout performer, delivering record financial results with adjusted property EBITDA of $768 million, though this figure was boosted by approximately $107 million from high hold on rolling play. Meanwhile, Macao operations generated adjusted property EBITDA of $566 million, with high hold contributing $7 million to that result.
"In Singapore, Marina Bay Sands once again delivered record financial and operating performance. Our new suite product and elevated service offerings position us for additional growth as travel and tourism spending in Asia expands," said Robert G. Goldstein, chairman and chief executive officer.
The company continued its aggressive capital return program, repurchasing $800 million of common stock during the quarter at a weighted average price of $39.59 per share, representing approximately 20 million shares. Since resuming share repurchases in the fourth quarter of 2023, Las Vegas Sands has bought back 79 million shares at an average price of $44.38.
Sands China Ltd (HK:1928)., the company’s Macao subsidiary, reported a 2.5% YoY increase in total net revenues to $1.79 billion, though net income decreased to $214 million from $246 million in the prior-year quarter.
The company maintained its quarterly dividend of $0.25 per share, with the next payment scheduled for August 13, 2025, to shareholders of record on August 5, 2025.
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