LV
LVS
Quarter ended Jun 30, 2025 · FY2025 Q2

Las Vegas Sands (LVS) Revenue — Quarter Ended Jun 30, 2025

Revenue for the quarter increased from both the preceding quarter and the same quarter one year earlier. The reported growth reflects improved operational performance across the company's segments.

Key takeaway

Quarter ended Jun 30, 2025 · FY2025 Q2

Revenue for the quarter increased from both the preceding quarter and the same quarter one year earlier. The reported growth reflects improved operational performance across the company's segments.

Financial snapshot

Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.

Quarter revenue

$3.2B

Revenue reported for this quarter.

Quarter-over-quarter

+10.9%

Change from the immediately preceding quarter.

Year-over-year

+15.0%

Change from the comparable year-ago quarter.

Trailing four quarters

$11.6B

Sum of the latest four reported quarters.

Quarterly revenue trend

The latest four reported quarters with year-over-year comparisons.

Period endedRevenueYear-over-year change
Sep 30, 2024$2.7B-4.0%
Dec 31, 2024$2.9B-0.7%
Mar 31, 2025$2.9B-3.3%
Jun 30, 2025$3.2B+15.0%

Revenue performance

Sequentially, revenue rose compared with the prior quarter. On a year-over-year basis, the reported figure also exceeded the level from a year ago.

Quarterly comparison

The quarter's revenue was higher than both the immediately preceding quarter and the same quarter of the prior year. The trailing twelve-month revenue reached a new level, indicating sustained momentum.

What to watch

Operating cash flows declined in the first half of the year versus the same period last year, warranting attention to cash generation trends.