Las Vegas Sands Corp

LVS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Las Vegas Sands Earnings: Singapore Results Strong but Macao Revenue Gains Coming With Higher Costs

Dan Wasiolek

Jan 29, 2026

Las Vegas Sands posted fourth-quarter sales growth of 41% and 16% at its Singapore and Macao resorts, respectively. But shares dropped 10% after hours on Jan. 28 after Macao EBITDA margins fell 270 basis points to 29.5% due to higher promotions and a mix shift to lower-margin premium/VIP players.

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Las Vegas Sands Corp

Las Vegas Sands Earnings: Singapore Results Strong but Macao Revenue Gains Coming With Higher Costs

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