Las Vegas Sands stock rises 6.2% after Q4 EPS beats, record Marina Bay Sands EBITDA
Las Vegas Sands delivered Q4 adjusted EPS of $0.85 versus $0.77 consensus and net revenues of $3.65 billion, up 26% year over year and 9.3% above estimates. Record Marina Bay Sands EBITDA and the Londoner Grand launch in Macau have underpinned a 6.2% stock gain since reporting.
1. Q4 Earnings Beat Expectations
Las Vegas Sands reported adjusted EPS of $0.85, surpassing the $0.77 estimate by 10.4%, while net revenues reached $3.65 billion, topping consensus by 9.3% and climbing 26% year over year.
2. Record Marina Bay Sands Performance
Marina Bay Sands achieved its highest-ever quarterly EBITDA, driven by strong mass gaming and slot win growth alongside a surge in high-value tourism across Asia.
3. Mixed Macau Operations
In Macao, Venetian Macao net revenues rose 10% to $752 million while adjusted property EBITDA dipped to $243 million. The Londoner Macao posted $699 million in revenues and $201 million EBITDA, whereas Parisian EBITDA fell to $55 million and Sands Macao EBITDA slid to $4 million.
4. Stock Reaction and Outlook
Shares have climbed 6.2% since the earnings release, reflecting investor optimism around the Londoner Grand opening and a robust multi-year event calendar in Macau. Management remains confident in sustaining growth through continued property upgrades and high-value tourism trends.