- Net revenue: $2.90B, -0.7% YoY
- Net income: $392M, -16.4% YoY from $469M
- Adjusted Property EBITDA: $1.11B vs $1.20B in Q4 2023
- Diluted EPS: $0.45 vs $0.50 in Q4 2023
CEO Robert G. Goldstein: "We continued to execute our strategic objectives during the quarter. We remain enthusiastic about our opportunities to deliver industry-leading growth in both Macao and Singapore in the years ahead as we execute our capital investment programs in both markets."
🌱Revenue & Growth
- Macao Operations: $1.77B, -4.9% YoY
- Marina Bay Sands: $1.14B, +7.2% YoY
- Casino revenue: $2.10B, -0.3% YoY
- Mall revenue: $218M, -6.0% YoY
- Rooms revenue: $317M, -1.9% YoY
💰Profits & Financials
- Interest expense: $180M vs $190M in Q4 2023
- Effective tax rate: 15.0% vs 20.8% in Q4 2023
- Unrestricted cash: $3.65B as of December 31, 2024
- Total debt: $13.62B excluding finance leases
- Capital expenditures: $547M in Q4
📌Business Highlights
- Repurchased $450M of common stock at avg price of $51.10
- Acquired $250M of SCL stock, increasing ownership to 72.3%
- Increased quarterly dividend to $0.25 per share payable February 19, 2025
🔮Future Outlook
- Continues investment in Macao and Singapore capital expenditure programs
- Focus on recovery in travel and tourism spending in Asian markets
- Emphasis on new suite product and elevated service offerings at Marina Bay Sands
