Las Vegas Sands Corp. (LVS) Q4 2025 Earnings Call

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WEBVTT 00:00:01.820 -- 00:00:06.447 Good day, ladies and gentlemen, and welcome to the SANS fourth quarter 2025 earnings 00:00:06.447 -- 00:00:11.115 call. At this time, all participants have been placed on listen-only modes, but we will 00:00:11.115 -- 00:00:14.400 open the floor for your questions and comments following the presentation. 00:00:14.400 -- 00:00:16.924 It is now my pleasure to turn the floor over to Mr. 00:00:16.924 -- 00:00:20.770 Daniel Briggs, Senior Vice President of Investor Relations at SANS. 00:00:20.770 -- 00:00:23.314 Sir, the floor is yours. 00:00:23.314 -- 00:00:27.841 Thank you. Joining the call today are Rob Goldstein, our Chairman and CEO, Patrick Dumont, 00:00:27.841 -- 00:00:30.712 our President and Chief Operating Officer, Dr. 00:00:30.712 -- 00:00:35.698 Wilford Wong, Executive Vice Chairman of SANS China, and Grant Chung, CEO and President 00:00:35.698 -- 00:00:40.402 of SANS China and EVP of Asia Operations. 00:00:40.584 -- 00:00:43.368 Today's conference call will contain forward-looking statements. 00:00:43.368 -- 00:00:46.672 We will be making those statements under the safe harbor provision of federal security 00:00:46.672 -- 00:00:51.138 laws. The language on forward-looking statements included in our press release also applies 00:00:51.138 -- 00:00:56.024 to our comments made on the call. The company's actual results may differ materially 00:00:56.024 -- 00:00:58.756 from the results reflected in those forward-looking statements. 00:00:58.756 -- 00:01:01.681 In addition, we'll discuss non-GAAP measures. 00:01:01.681 -- 00:01:05.847 Reconciliations to the most comparable GAAP financial measure are included in our press 00:01:05.847 -- 00:01:10.194 release. We have posted an earnings presentation on our website. 00:01:10.194 --...