TLDR Las Vegas Sands reported Q3 2026 revenue of $3.22 billion, down 3.5% and below the $3.32 billion estimate. Net income fell to $352 million from $491 million a year earlier. The company bought back $950 million in stock and raised its quarterly dividend 20% to $0.30 per share. Sands China plans to invest about $4.5 billion in Macau through 2032, mostly in non-gaming projects. The company ruled out iGaming and prediction markets and is exploring AI tools instead.
Las Vegas Sands reported third-quarter results that fell short of what analysts expected. Revenue and profit both declined compared to the same period last year.
The casino operator said it will keep investing in its properties in Macau and Singapore. It also said it has no plans to enter online gambling or prediction markets.
Revenue and Profit Fall in the Third Quarter
Las Vegas Sands posted $3.22 billion in revenue for the third quarter of 2026. That is a 3.5% drop from the same quarter last year.
The result missed the Zacks Consensus Estimate of $3.32 billion. Shares of the company are currently trading at $37.51.
Net income came in at $352 million for the quarter. That compares with $491 million in the third quarter of 2025.
Consolidated adjusted property EBITDA fell to $1.1 billion from $1.3 billion a year earlier. EBITDA measures earnings before interest, taxes, depreciation, and amortization.
Most of the company’s properties saw lower revenue than last year. Flagship resorts such as Marina Bay Sands and The Londoner were among those that underperformed.
A few properties grew. The Plaza Macao and Four Seasons Macao brought in $238 million, up 15.5% from a year ago.
The Parisian Macao also improved. Its revenue rose 6% year over year to $231 million.
Expansion Plans in Macau and Singapore