Las Vegas Sands Reports Third Quarter 2025 Results

LVS
October 23, 2025

Las Vegas Sands Corp. (NYSE: LVS) announced its third‑quarter 2025 financial results on October 22, 2025. The company reported net revenue of $3.33 billion, up from $2.68 billion a year earlier, and operating income of $719 million versus $504 million in the prior year quarter. Net income for the quarter was $491 million, compared with $353 million a year ago, while consolidated adjusted property EBITDA reached $1.34 billion, up from $991 million in Q3 2024.

The company completed a $500 million share‑repurchase during the quarter, bringing the total authorized repurchase amount to $2.0 billion as of October 10, 2025. A quarterly dividend of $0.25 per share was paid, with the next dividend scheduled for November 12, 2025. These actions reflect the firm’s ongoing capital‑return strategy and its strong liquidity position.

Las Vegas Sands reported unrestricted cash balances of $3.35 billion as of September 30, 2025, and a net debt of $15.63 billion. The company has $4.46 billion available under its U.S., SCL and Singapore revolving credit facilities, and $4.89 billion under a delayed‑draw term loan facility that can finance development and construction related to the Marina Bay Sands expansion. These figures underscore the firm’s robust balance sheet and its capacity to fund future growth initiatives.

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