2024-01-24 18:01:05 ET
Las Vegas Sands Corp. (LVS)
Q4 2023 Earnings Conference Call
January 24, 2024 04:30 PM ET
Company Participants
Daniel Briggs - Senior Vice President-Investor Relations
Rob Goldstein - Chairman & Chief Executive Officer
Patrick Dumont - President & Chief Operating Officer
Wilford Wong - Executive Vice Chairman, Sands China
Grant Chum - Chief Executive Officer & President, Sands China & Executive Vice President, Asia Operations
Conference Call Participants
Joe Greff - JPMorgan
Stephen Grambling - Morgan Stanley
Carlo Santarelli - Deutsche Bank
Shaun Kelley - Bank of America
Chad Beynon - Macquarie
Robin Farley - UBS
Brandt Montour - Barclays
David Katz - Jefferies
Dan Politzer - Wells Fargo
George Choi - Citi
Presentation
Operator
Good day, ladies and gentlemen, and welcome to the Sands Fourth Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments following the presentation.
It is now my pleasure to turn the floor over to Mr. Daniel Briggs, Senior Vice President of Investor Relations at Sands. Sir, the floor is yours.
Daniel Briggs
Thank you. Joining the call today are Rob Goldstein, our Chairman and CEO; Patrick Dumont, our President and Chief Operating Officer; Dr. Wilford Wong, Executive Vice Chairman of Sands China; and Grant Chum, CEO and President of Sands China and EVP of Asia Operations.
Today's conference call will contain forward-looking statements. We'll be making those statements under the safe harbor provision of federal securities laws. The company's actual results may differ materially from the results reflected in those forward-looking statements. In addition, we will discuss non-GAAP measures. Reconciliations to the most comparable GAAP financial measures are included in our press release. We have posted an earnings presentation on our website. We will refer to that presentation during the call. Finally, for the Q&A session, we ask those with interest to please pose one question and one follow-up, so we might allow everyone with interest the opportunity to participate. This presentation is being recorded.
I'll now turn the call over to Rob.
Rob Goldstein
Thanks, Dan, and thanks for joining us today. Macao delivered $654 million of EBITDA for the quarter. The number would have been $40 million higher if we had held as expected in the rolling segment. It's only been one year since the end of COVID in Macao. We began in Q1 with $400 million of EBITDA. In Q2, we did $540 million. Q3, we did $630 million, the growth just keeps coming. We look forward to continued growth in both gaming and non-gaming revenue, which will lift in our market....
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Las Vegas Sands Corp. (LVS) Q4 2023 Earnings Call Transcript