Las Vegas Sands Falls Short of Expectations in the Third Quarter

Las Vegas Sands generated $3.22 billion in revenue in the third quarter of 2026. The figure was down 3.5 percent from the same period last year and fell short of Zacks' average expectation of $3.32 billion. The stock is currently trading at $37.51.

Some properties bucked the overall trend. Plaza Macao and Four Seasons Macao posted revenue of $238 million, up 15.5 percent. Parisian Macao's revenue rose 6 percent year over year to $231 million. However, these gains were not enough to offset weak performance at flagship properties such as Marina Bay Sands and The Londoner.

Net income fell from $491 million to $352 million. Consolidated adjusted property EBITDA declined from $1.3 billion to $1.1 billion. The company repurchased $950 million of its shares during the quarter and raised its quarterly dividend by 20 percent to $0.30 per share.

Management is moving forward with the large expansion project at Marina Bay Sands. A comprehensive renovation is planned for The Venetian in Macao. Sands China will invest about $4.5 billion in the region through 2032, allocating 93 percent of that amount to non-gaming projects. While executives rule out entering iGaming and prediction markets, they are evaluating artificial intelligence for customer experience and promotions.