Las Vegas Sands beats earnings estimates as Singapore, Macao drive revenue growth

Las Vegas Sands

23/07/2025 22:38

Corrects spelling of Macau throughout

July 23 (Reuters) - Casino operator Las Vegas Sands LVS.N beat analysts' expectations for second-quarter profit and revenue on Wednesday, driven by strength in its Singapore and Macau businesses, sending its shares up 4.6% in trading after the bell.

Total revenue rose 36% to $1.4 billion from its Singapore operations and 2.5% to $1.8 billion from its Macau operations, the company said.

"We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macau and Singapore as we realize the benefits from our recently completed capital investment programs in both markets," CEO Robert Goldstein.

The company posted a quarterly profit of 79 cents per share. Analysts on average were expecting a profit per share of 53 cents, according to data compiled by LSEG.

Total revenue for the quarter ended June 30 rose 15% to $3.18 billion from a year earlier. Analysts, on average, expected revenue of $2.83 billion in the second quarter, as per data compiled by LSEG.

 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Anil D'Silva)

 ((Anshuman.Tripathy@thomsonreuters.com;))