Las Vegas Sands has released financial results for the quarter ended December 31, 2021 and highlights that net income was $1.01 billion, a decrease of 0.7% from the prior year quarter.
Las Vegas Sands has explained that pandemic-related travel restrictions and reduced visits continue to affect financial results.
In this sense, we highlight that the net loss in the fourth quarter of 2021 was $315 million, compared to net loss of $303 million in the fourth quarter of 2020. Consolidated adjusted property EBITDA was $251 million, compared to $191 million in the prior year quarter .
Now, when looking at 2021 data, operating loss was $689 million, compared to operating loss of $1.39 billion in 2020. Net loss attributable to Las Vegas Sands was $961 million, or $1.26 per diluted share, in 2021, compared to net loss of $1.69 billion, or $2.21 per diluted share, in 2020.
Referring to the results, Robert G. Goldstein, president and CEO, highlights that, despite the current scenario, they have been able to generate "positive EBITDA in each of our markets", for which he is confident in the eventual recovery. spending on travel and tourism.
Along these lines, he underlines: “We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets".
The fourth quarter report highlights that the corporation entered into definitive agreements to sell its Las Vegas real property and operations for an aggregate purchase price of approximately $6.25 billion and anticipates the transaction to close in the first quarter of 2022
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