NYSE$LVS

Las Vegas Sands Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Las Vegas Sands' financial results were impacted by heightened pandemic-related restrictions, but the company generated positive EBITDA in each of its markets and remained committed to supporting team members and local communities.

Las Vegas Sands Corp. reported net revenue of $857 million and an operating loss of $316 million for the quarter ended September 30, 2021. The company's financial results were impacted by heightened pandemic-related restrictions and reduced visitation, but it generated positive adjusted property EBITDA in Macao and Singapore.

  • Heightened pandemic-related restrictions and reduced visitation continued to impact financial results.
  • The company generated positive Adjusted Property EBITDA in Macao and Singapore.
  • Safety and security of team members and guests and support for local communities in Macao, Singapore and Las Vegas remained central to the company's efforts.
  • Investment and capital expenditure programs to expand and enhance integrated resort offerings in Macao and Singapore continue.

Headline financials

Total Revenue

$857M

Previous: $586M+46.2%
EPS (adj)

-$0.45

Previous: -$0.67+32.8%
Capital Expenditures

-$640M

Previous: -$1.08B+40.6%
Free Cash Flow

-$1.01B

Previous: -$1.64B+38.6%
Net Income

-$368M

Previous: -$565M+34.9%
Operating Income

-$316M

Previous: -$610M+48.2%
Gross Profit

$857M

Previous: $586M+46.2%
Cash & Equivalents

$1.64B

Previous: $2.38B-31.0%
Total Assets

$19.9B

Previous: $21B-5.2%
Stock-Based Comp

$6M

Previous: $5M+20.0%

Revenue & EPS history

Las Vegas Sands · Revenue · Quarterly

$857M

Q3 2021+46.2%vs Q3 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Las Vegas Sands · $857M total across 5 segments · Q3 2021

  • Casino
    $533M+56.8%
  • Mall
    $165M+98.8%
  • Rooms
    $100M+31.6%
  • Food and beverage
    $42M-22.2%
  • Convention, retail and other
    $17M-48.5%

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 Q3 2021

Historical avgQ3 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%

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