NYSE$LVS

Las Vegas Sands Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Las Vegas Sands' financial results were impacted by pandemic-related travel restrictions and reduced visitation, but the company generated positive adjusted property EBITDA in Macao and Singapore.

Las Vegas Sands Corp. reported net revenue of $1.17 billion, an operating loss of $139 million, and a net loss from continuing operations of $280 million for the second quarter of 2021. Consolidated adjusted property EBITDA was $244 million. The company anticipates the sale of its Las Vegas real property and operations to close in the fourth quarter of 2021.

  • Generated Positive Adjusted Property EBITDA in Macao and Singapore
  • Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results
  • Safety and Security of Team Members and Guests and Support for Local Communities in Macao, Singapore and Las Vegas Remain Central to our Efforts
  • Investment and Capital Expenditure Programs to Expand and Enhance our Integrated Resort Offerings in Macao and Singapore Continue

Headline financials

Total Revenue

$1.17B

Previous: $98M+1096.9%
EPS (adj)

-$0.26

Previous: -$1.05+75.2%
Capital Expenditures

$157M

Previous: $382M-58.9%
Free Cash Flow

-$640M

Previous: -$1.52B+58.0%
Net Income

-$192M

Previous: -$820M+76.6%
Operating Income

-$139M

Previous: -$922M+84.9%
Gross Profit

$1.17B

Previous: $98M+1096.9%
Cash & Equivalents

$2.06B

Previous: $3.02B-31.8%
Total Assets

$20.4B

Previous: $21.7B-6.1%
Stock-Based Comp

$5M

Previous: $5M+0.0%

Revenue & EPS history

Las Vegas Sands · Revenue · Quarterly

$1.17B

Q2 2021+1,096.9%vs Q2 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Las Vegas Sands · $2.8B total across 5 segments · Q3 2023

  • Casino
    $2.01B+215.2%
  • Rooms
    $342M+178.0%
  • Mall
    $201M+68.9%
  • Food and beverage
    $156M+90.2%
  • Convention, retail and other
    $88M+100.0%

Forward guidance

Las Vegas Sands remains confident in the eventual recovery in travel and tourism spending across its markets and is positioned to deliver growth as travel restrictions subside.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro