4Q 2015 net revenue fell by 16.2%
Las Vegas Sands confirms lower earnings trends
Las Vegas Sands Corp. has released its quarterly earnings report for the period ending December 31, 2015.
2016-01-28
Reading time 25 seg
Las Vegas Sands Corp. has released its quarterly earnings report for the period ending December 31, 2015.
The casino and resort operator announced that its net revenue for the fourth quarter of 2015 fell by 16.2% to $2.86 billion. That is down from $3.42 billion a year earlier and was lower than the $2.92 billion expected by Thomson/First Call.
The company showed that its consolidated adjusted property EBITDA of $1.05 billion was down even more than sales, down by some 21.9% in the fourth quarter. On a "hold-normalized basis" its adjusted property EBITDA was down a similar amount with revenues, down by 16.0% to $1.07 billion.
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