Las Vegas Sands Q1 net income falls to $408 million from $583 million
Las Vegas Sands reported first-quarter 2025 net revenue of $2.86 billion, down from $2.96 billion a year earlier, and net income of $408 million, down from $583 million. The company also repurchased $450 million of its stock and raised its remaining buyback authorization to $2.0 billion, which matters to shareholders because lower profit reduces earnings per share while the larger authorization signals continued capital returns.
Key points
- Diluted EPS was $0.49 versus $0.66 a year earlier; adjusted diluted EPS was $0.59 versus $0.73.
- Consolidated adjusted property EBITDA was $1.14 billion versus $1.21 billion, with Macao lower on a low hold on rolling play.
- The company repurchased $450 million of common stock in the quarter, and on April 22, 2025 the board raised the repurchase authorization to $2.0 billion.
- Quarterly dividend of $0.25 per share is payable May 14, 2025, to holders of record on May 6, 2025.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.