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Las Vegas Sands (LVS) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended March 2025, Las Vegas Sands (LVS - Free Report) reported revenue of $2.86 billion, down 3.3% over the same period last year. EPS came in at $0.59, compared to $0.75 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.88 billion, representing a surprise of -0.47%. The company delivered an EPS surprise of -1.67%, with the consensus EPS estimate being $0.60.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Rolling Chip volume-Macao - The Sands Macao: $59 million versus the two-analyst average estimate of $43.48 million.
  • RevPAR - Macao - Sands Macao: $172 compared to the $169.70 average estimate based on two analysts.
  • Rolling Chip win percentage - Macao - The Sands Macao: 4.2% versus 3.7% estimated by two analysts on average.
  • Rolling Chip win percentage - Macao - The Venetian Macao: 2.2% versus the two-analyst average estimate of 2.6%.
  • Net Revenues- Sands Macao: $75 million compared to the $83.66 million average estimate based on three analysts. The reported number represents a change of -1.3% year over year.
  • Net Revenues- The Plaza Macao and Four Seasons Macao: $208 million versus $223.05 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +46.5% change.
  • Net Revenues- The Parisian Macao: $227 million versus $245.07 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.3% change.
  • Net Revenues- The Londoner Macao: $529 million versus the three-analyst average estimate of $558.90 million. The reported number represents a year-over-year change of -5.9%.
  • Net Revenues- The Venetian Macao: $638 million versus $688.20 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -17.3% change.
  • Net Revenues- Marina Bay Sands: $1.16 billion compared to the $1.14 billion average estimate based on three analysts. The reported number represents a change of +0.4% year over year.
  • Revenue- Total Macao: $1.71 billion compared to the $1.82 billion average estimate based on three analysts. The reported number represents a change of -5.6% year over year.
  • Revenue- The Venetian Macao- Food and Beverage: $15 million compared to the $17.53 million average estimate based on two analysts. The reported number represents a change of -11.8% year over year.
View all Key Company Metrics for Las Vegas Sands here>>>

Shares of Las Vegas Sands have returned -15.7% over the past month versus the Zacks S&P 500 composite's -6.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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