Las Vegas Sands Q3 operating profit misses estimates as Marina Bay Sands revenue falls
LVS•Las Vegas Sands reported Q3 revenue of $3.22 billion and operating profit of $618 million, both below analyst estimates. Marina Bay Sands revenue and adjusted property EBITDA fell, while the company repurchased $950 million in stock and raised its 2027 annual dividend 20% to $1.44 per share.
1. Q3 results
Las Vegas Sands reported Q3 revenue of $3.22 billion, below the $3.36 billion analyst estimate, and operating profit of $618 million, below the $731.11 million estimate. Net income was $352 million and earnings per share were $0.48.
2. Singapore and Macao
Marina Bay Sands revenue and adjusted property EBITDA fell as lower rolling volume and a weaker non-rolling win rate offset growth in non-gaming revenue. The company said investments in service and hospitality drove growth in gaming volumes across all segments in Macao.
3. Capital and outlook
Las Vegas Sands repurchased $950 million in stock and raised its annual dividend for 2027 by 20% to $1.44 per share. The company expects growth in Singapore after its ongoing Marina Bay Sands expansion is completed and plans continued investment in Macao.
