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: Competition, World Cup, and Poor Luck Dampens Gaming Share Gains in Macao

Dan Wasiolek

Jul 22, 2026

Las Vegas Sands' second-quarter revenue decreased 0.7%. Total adjusted EBITDA margins declined 650 basis points to 35.5%, driven by a 750-basis-point decline in Macao to 24%. Shares were down 5% during July 22 after-hours trading.

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Las Vegas Sands Corp

Las Vegas Sands Earnings: Competition, World Cup, and Poor Luck Dampens Gaming Share Gains in Macao

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