Las Vegas Sands Q1 revenue, profit beat estimates on higher gaming volumes

Las Vegas Sands

22/04/2026 21:15

Overview

US integrated resort operator's Q1 revenue rose 25% yr/yr, beating analyst expectations

Q1 operating profit beat analyst expectations

Company repurchased $740 mln of common stock in Q1

Result Drivers

SINGAPORE AND MACAO GROWTH - Co said both Singapore and Macao operations delivered revenue and profit growth in Q1

CASINO REVENUE INCREASE - Casino revenue rose across key properties, notably at Marina Bay Sands and The Londoner Macao

HIGHER GAMING VOLUMES - Table games and slot machine win per unit per day increased at several properties, with rolling chip volume up sharply at The Londoner Macao and Marina Bay Sands

Company press release: ID:nPn1MlnGha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.59 bln
$3.34 bln (14 Analysts)
Q1 EPS
$0.85
Q1 Net Income
$641 mln
Q1 Operating profit
Beat
$904 mln
$822.22 mln (12 Analysts)
Q1 Capex
$194 mln
Q1 Pretax Profit
$748 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Las Vegas Sands Corp is $69.50, about 20.8% above its April 21 closing price of $57.54

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)