Las Vegas Sands: Q3 revenue totals $3.2bn, net income falls 27.4% to $304m

Las Vegas Sands has reported its financial results for the third quarter of 2026, as revenue during the period decreased 3.5% for a total of $3.2bn, while net income also witnessed a fall of 27.4% to $304m. 

Despite the decreases in both financial categories, Chairman and CEO Patrick Dumont remained hopeful on the operator’s long-term growth strategy: “We remain enthusiastic about our growth prospects in Singapore both today and upon the completion of our ongoing expansion project, which will meaningfully increase our suite capacity and entertainment offerings.

"We remain confident in our long-term strategy in both Singapore and Macao and will continue to invest in future growth. We are fortunate to have the balance sheet and cash flow strength to support our meaningful capital investment programs, positioning our portfolio of properties to capitalize on the growing demand… in the region.”

Revenue from the operator’s Macao businesses accounted for just over $1.9bn of revenue and increased 1.8%, while Marina Bay Sands drove $1.3bn but decreased 9.9%. Las Vegas Sands’ total adjusted property EBITDA decreased 16.7% during Q3 for a total of $1.1bn. 

The Venetian Macao reported a Q3 2026 revenue of $649m, equating to a fall of 6.2%, while adjusted property EBITDA decreased 15.3% to $205m. 

The Londoner Macao managed $685m of revenue and $178m of adjusted property EBITDA during the quarterly period, equating to decreases of 0.1% and 18.7%. Parisian Macao increased revenue 6% to $231m, although adjusted property EBITDA fell 13.2% to $46m. 

The Plaza and Four Seasons Macao combined to account for $238m of the operator’s total revenue for Q3 2026 – representing an increase of 15.5% – as adjusted property EBITDA rose 14.9% to $85m. 

Sands Macao also increased both revenue (up 37.5% to $99m) and adjusted property EBITDA (up 75% to $14m), while revenue from Ferry Operations grew 18.8% to $38m. Ferry Operations’ adjusted property EBITDA decreased 80%, however, totaling just $1m. 

Marina Bay Sands accounted for $590m of Las Vegas Sands’ total adjusted property EBITDA for Q3 2026, representing a decrease of 20.6%. 

Las Vegas Sands’ casino revenue for Q3 2026 decreased 5.4% to $2.4bn, followed by rooms revenue which grew 0.5% to $376m. Food & beverage and mall operations produced $176m and $202m of revenue, respectively, equating to increases of 6.7% and 1.5%. 

The operator’s convention, retail and other segment was responsible for $92m of revenue during Q3 and increased 5.7%, while operating income for Las Vegas Sands decreased 14% to $618m. 

On September 2, Las Vegas Sands increased its ownership share of Sands China to 75.01% following its recent purchase of 1.62 million shares. Sands China said the shares were acquired by Venetian Venture Development Intermediate II, its direct parent and an indirect wholly owned subsidiary of Las Vegas Sands.