Las Vegas Sands Q3 2026 slides: EBITDA falls 17% amid premium weakness

Las Vegas Sands Corp. reported a decline in its third quarter 2026 earnings, with adjusted property EBITDA falling 16.7% from the previous year, to $1.12 billion. Net revenue also decreased 3.5% to $3.22 billion, and diluted earnings per share dropped 21.3% to $0.48, missing analysts' expectations. Despite these challenges, the company increased its quarterly dividend by 20% to $0.30 per share and repurchased $950 million of common stock.

The performance was driven by a softness in the premium gaming segment across its key markets in Singapore and Macao, with both Marina Bay Sands and Sands China experiencing declines in key financial metrics. However, Sands China managed to capture 26.1% of Macao's mass gaming revenue, marking its highest level since the fourth quarter of 2023.