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Las Vegas Sands/$LVS

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About Las Vegas Sands

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. We expect Sands to open a fourth tower in Singapore in 2031. Its Venetian and Palazzo Las Vegas assets in the US were sold to Apollo and Vici in 2022. After the sale of its Vegas assets, Sands generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Ticker
$LVS
Primary listing
NYSE
Employees
41,250

Las Vegas Sands Metrics

BasicAdvanced
$23B
14.03
$2.58
0.82
$1.15
3.32%

What the Analysts think about Las Vegas Sands

Analyst ratings (Buy, Hold, Sell) for Las Vegas Sands stock.
Analyst projections of the future price of Las Vegas Sands stock.

Bulls say / Bears say

Sands China is gaining share despite a flat Macau market. Its mass-market gross gaming revenue grew 8% year on year against 4% for the market, while its mass-market share rose to 25%. (Las Vegas Sands)
Marina Bay Sands remains a powerful earnings engine. It generated $689 million of adjusted property EBITDA in the second quarter, and first-half EBITDA rose 7.6% to $1.48 billion. (Las Vegas Sands)
Singapore offers a long-term growth runway through the planned $8 billion Marina Bay Sands expansion. The fourth tower, larger premium suite offering and 15,000-seat arena are targeted to open in early 2031, giving LVS more capacity for high-value tourism. (AGB, IAG)
Second-quarter profitability deteriorated sharply. Net income fell 28.1% to $373 million and consolidated adjusted property EBITDA fell 16.1% to $1.12 billion, showing that strong volumes did not yet translate into stronger earnings. (Las Vegas Sands)
Macau’s premium market is highly competitive, forcing Sands China to spend more to defend share. Morgan Stanley said its mass-market reinvestment ratio reached 26.6% and daily operating expenses rose 18% year on year, while premium-mass activity fell 11% quarter on quarter. (AGB)
LVS remains exposed to volatile and uncertain Macau demand beyond one quarter of poor gaming luck. Analysts highlighted intense premium-mass competition, weaker support from base mass and uncertainty over whether softness among higher-value customers will persist. (AGB, AGB)
Data summarised monthly by Lightyear AI. Last updated on 26 Sept 2026.

Las Vegas Sands Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Las Vegas Sands Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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