Sheldon Gary Adelson
Thank you, Dan. Good afternoon, everyone. Thank you, all, for joining us today, and I would like to again thank those of you who were able to either personally attend our Investor Conference in New York on September 21 or joined us via the webcast. We sincerely appreciate your continued interest in our company.
As you probably remember, one of the key things of our Investor Conference was centered on the predictability and reliability of our operating results. I describe "predictable" as something that follows trends and that those trends give you a road map for where you are likely to go in the future. In our case, the fact that the trends have occurred for so many quarters in a row, it makes them reliable.
I also noted that as the scale of our business has increased, the predictability and reliability of our revenue and cash flow growth has also meaningfully increased. If our thesis regarding the predictability and reliability of our business needs any further validation for the third quarter of 2011, please step forward.
The company record, $924 million of EBITDA during the quarter compared to $645 million in the same quarter one year ago, our growth curve has continued unabated. We have now reached 9 consecutive quarters in which our EBITDA has increased. While we are on the topic of EBITDA, let me also point out that based upon the results of this quarter, we now have 2 integrated resorts, each producing run rate EBITDA of more than $1 billion, or in the case of Marina Bay Sands, it is producing actual EBITDA substantially in excess of that.
I would like to congratulate our management team and all of the team members who helped us become the first company in our industry to ever reach that milestone.
In addition to the company record in EBITDA, which was a 43% increase from the third quarter of 2010, the company's net revenue increased 26% from the same quarter last year to a record $2.41 billion. Adjusted earnings per diluted share, which was $0.34 during the third quarter of 2010, rose to $0.55 per diluted share, a significant 62% increase.
Let me repeat something I said during our last earnings call and again during our investor conference. We see absolutely no reason, again, no catalyst at hand, which would change the upward trend we have been experiencing.