NYSE$LVS
Las Vegas Sands Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Las Vegas Sands experienced a decline in financial results due to pandemic-related restrictions, but generated positive EBITDA at Marina Bay Sands and company-wide, while continuing investments in property enhancements.
Las Vegas Sands Corp. reported a net revenue of $943 million, a decrease from $1.20 billion in the prior year quarter. The operating loss was $302 million, compared to $96 million in the prior year quarter. Net loss from continuing operations was $478 million, compared to $280 million in the first quarter of 2021. However, the company generated positive EBITDA at Marina Bay Sands in Singapore and for the company as a whole.
- Pandemic-related restrictions and reduced visitation continued to impact financial results.
- Generated positive Adjusted Property EBITDA at Marina Bay Sands in Singapore.
- Ongoing investments in capacity expansion and enhancement of property portfolio in Macao and Singapore position the company for future growth.
- Safety and security of team members and guests and support for local communities in Macao and Singapore remain fundamental.
Headline financials
Revenue & EPS history
Las Vegas Sands · Revenue · Quarterly
$943M
Revenue by segment
Las Vegas Sands · $943M total across 5 segments · Q1 2022
- Casino$627M-27.5%66.5%
- Mall$149M-4.5%15.8%
- Rooms$95M-1.0%10.1%
- Food and beverage$53M-5.4%5.6%
- Convention, retail and other$19M-17.4%2.0%
Forward guidance
Las Vegas Sands remains confident in the recovery of travel and tourism spending, with robust demand from customers who have been able to visit. The company's investments in team members, communities, and Integrated Resort property portfolio position it well for future growth as travel restrictions subside.
Tailwinds
- Company is enthusiastic about welcoming more guests back to properties as greater volumes of visitors are eventually able to travel to Macao and Singapore.
- Company remains steadfast in its commitment to supporting team members and helping those in need in each of local communities as they recover from the impact of the COVID-19 pandemic.
- Company is confident in the recovery of travel and tourism spending across markets.
- Demand for offerings from customers who have been able to visit remains robust.
- Financial strength supports investment and capital expenditure programs in both Macao and Singapore, as well as pursuit of growth opportunities in new markets.
Headwinds
- Pandemic-related restrictions continued to impact financial results.
- Pandemic-related travel restrictions in both Macao and Singapore continue to limit visitation and hinder current financial performance.
- Operating loss was $302 million, compared to $96 million in the prior year quarter.
- Net loss from continuing operations in the first quarter of 2022 was $478 million, compared to $280 million in the first quarter of 2021.
- Consolidated adjusted property EBITDA was $110 million, compared to $244 million in the prior year quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.4%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+13.0%
Q1 2020
Best reaction
-9.7%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.0% | -4.6% | -13.1% | |
| Q4 2025 | -4.7% | -7.1% | -7.4% | |
| Q3 2025 | +12.4% | +15.0% | +27.0% | |
| Q2 2025 | -0.8% | -0.9% | -1.1% | |
| Q1 2025 | +5.7% | +6.4% | +15.8% | |
| Q4 2024 | +11.1% | +2.5% | +2.9% | |
| Q3 2024 | +1.4% | +3.6% | -3.2% | |
| Q2 2024 | -4.4% | -3.8% | -1.3% | |
| Q1 2024 | -9.2% | -7.8% | -6.9% | |
| Q4 2023 | +2.3% | +4.4% | -1.3% | |
| Q3 2023 | +1.2% | +2.5% | +8.3% | |
| Q2 2023 | -5.9% | -5.8% | -11.1% | |
| Q1 2023 | +3.7% | +7.8% | +1.9% | |
| Q4 2022 | +5.2% | +4.3% | +1.2% | |
| Q3 2022 | +4.9% | -2.2% | +21.7% | |
| Q2 2022 | +11.2% | +9.3% | +5.9% | |
| Q1 2022 | +2.7% | +5.6% | -0.4% | |
| Q4 2021 | -6.2% | -2.4% | -0.8% | |
| Q3 2021 | -3.8% | -5.7% | -5.1% | |
| Q2 2021 | -1.2% | -5.1% | -21.4% | |
| Q1 2021 | -1.2% | +0.4% | -2.2% | |
| Q4 2020 | -6.4% | -6.4% | +19.4% | |
| Q3 2020 | +7.8% | +6.3% | +21.0% | |
| Q2 2020 | -6.5% | -9.4% | +1.1% | |
| Q1 2020 | +13.0% | +14.0% | +15.3% | |
| Q4 2019 | +2.8% | +3.3% | -9.5% | |
| Q3 2019 | +4.3% | +6.4% | +4.6% | |
| Q2 2019 | -3.9% | -4.4% | -18.6% | |
| Q1 2019 | +0.1% | -2.0% | -11.5% | |
| Q4 2018 | -1.2% | -1.4% | +8.0% | |
| Q3 2018 | +1.7% | -4.9% | -4.9% | |
| Q2 2018 | -4.3% | -5.7% | -12.0% | |
| Q1 2018 | -0.9% | -0.6% | +7.5% | |
| Q4 2017 | -3.0% | +1.8% | -4.3% | |
| Q3 2017 | -0.9% | -2.7% | +7.1% | |
| Q2 2017 | -0.6% | -1.6% | -4.0% | |
| Q1 2017 | +1.2% | +1.6% | -0.8% | |
| Q4 2016 | -6.3% | -5.6% | -6.8% | |
| Q3 2016 | +2.6% | +3.3% | +5.9% | |
| Q2 2016 | +7.0% | +7.0% | +6.4% | |
| Q1 2016 | -9.7% | — | — | |
| Q4 2015 | +4.7% | — | — | |
| Q3 2015 | -1.5% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | -0.6% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +7.4% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | -1.2% | — | — | |
| Q4 2013 | +3.5% | — | — | |
| Q3 2013 | +4.3% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | +8.2% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q3 2011 | -7.3% | — | — | |
| Q2 2011 | +5.6% | — | — | |
| Q1 2010 | +2.0% | — | — | |
| Q1 2011 | +0.4% | — | — | |
| Q4 2008 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2009 | -5.3% | — | — | |
| Q3 2010 | -5.3% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q4 2009 | -1.4% | — | — |
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