Las Vegas Sands Corp.
Las Vegas Sands Reports Third Quarter 2024 Financial Results with Lower Revenue and Income
Summary
Las Vegas Sands Corp. reported its third quarter 2024 financial results, showing a net revenue of $2.68 billion and net income of $353 million, both slightly lower than the prior year. The company's consolidated adjusted property EBITDA was $991 million, down from $1.12 billion in the third quarter of 2023. Additionally, Las Vegas Sands repurchased $450 million of its common stock during the quarter and increased its annual dividend by $0.20 per share for the 2025 calendar year. The company also acquired $44 million of SCL stock, increasing its ownership percentage to 71.31%.
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About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a leading developer and operator of world-renowned integrated resorts. The company's primary function is to create and manage properties that combine upscale hotels, state-of-the-art convention and exhibition facilities, and top-tier entertainment options. These resorts particularly cater to the corporate hospitality sector, offering expansive meeting and conference spaces that attract international business tourism. Las Vegas Sands Corp. has a significant presence in the Asia-Pacific and United States regions, owning landmark properties such as The Venetian and The Palazzo on the Las Vegas Strip and Marina Bay Sands in Singapore. The company's focus on luxury and comprehensive hospitality services underscores its impact on the travel and leisure industry. With a commitment to sustainability and innovation, Las Vegas Sands Corp. plays a vital role in shaping the future of global tourism and hospitality, contributing substantially to the economic development of the regions where it operates.
Official SEC Documents
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