Las Vegas Sands Q2 net revenue rises to $3.18 billion; net income reaches $519 million
Las Vegas Sands reported second-quarter 2025 results on July 23, 2025, with net revenue of $3.18 billion and net income of $519 million, both up from the prior-year quarter. Consolidated adjusted property EBITDA rose to $1.33 billion from $1.07 billion, and the company repurchased $800 million of its common stock during the quarter. For shareholders, the quarter shows higher revenue, profit and earnings per share than a year earlier.
Key points
- Net revenue was $3.18 billion, compared with $2.76 billion in the second quarter of 2024.
- Net income was $519 million, compared with $424 million; diluted EPS was $0.66, compared with $0.48.
- Adjusted earnings per diluted share, a non-GAAP measure, was $0.79, compared with $0.55.
- The company repurchased $800 million of stock and had $1.20 billion remaining under its program as of June 30, 2025; the next $0.25 quarterly dividend is payable August 13, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 July 23, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.