Las Vegas Sands experienced a 161% revenue increase in Q4
Las Vegas Sands has recently reported its financial performance in the fourth quarter of 2023.
The report’s headline figure of a 161% year-over-year revenue increase for Las Vegas Sands stemmed from a net revenue of just under 3 billion dollars, up from the firm’s revenue of just 1.1 billion dollars in 2022’s last quarter. This led to an adjusted EBITDA of 1.2 billion dollars for the company, up significantly from last year’s EBITDA of just 222 million dollars.
These increases enabled the gambling and hospitality firm’s operating and net incomes to turn positive, with the former going from a loss of 166 million to an income of 710 million dollars while the latter went from a loss of 269 million to an income of 469 million dollars.
Breaking down the company’s performance by its operating establishments, the Marina Bay Sands generated the most revenue at just under 1.1 billion dollars throughout the quarter, growing from last year’s revenue of 682 million dollars. Sands’ properties in Macao, on the other hand, experienced significant growth in the period, generating a total of 1.86 billion dollars, up from 2022’s revenue of just 444 million dollars. Three of Sands’ best-performing establishments in Macao were the Venetian, the Londoner, and the Parisian, which generated 748 million, 589 million, and 222 million dollars respectively.