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Las Vegas Sands reports Q4 revenue of $3.65bn as Singapore property leads

Results

Las Vegas Sands reported fourth-quarter 2025 net revenue of $3.65bn, up from $2.9bn a year earlier. Net income rose to $448m from $392m, while consolidated adjusted property EBITDA reached $1.41bn, compared with $1.11bn. Marina Bay Sands recorded adjusted property EBITDA of $806m, reduced by $45m because of high hold on rolling play, the company said.

Quarterly results show strong revenue and earnings growth, while high rolling-play hold reduced Marina Bay Sands’ EBITDA.

End-of-day close Las Vegas Sands (LVS), USD, to 13 March 2026
Story date15 December 202513 March 2026

Latest reported results

Las Vegas Sands NYSE: LVS

Quarter ended 30 September 2026

Revenue
USD 3.22bn10-Q filing 0001300514-26-000103
Operating income
USD 618.0m10-Q filing 0001300514-26-000103

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Funding

Sands China completes US$1bn senior notes offering

Sands China completed a US$1bn private offering of senior unsecured notes on Tuesday, according to filings by parent Las Vegas Sands. The issue comprises US$700m of 6.400% notes due in 2032 and US$300m of 6.700% notes due in 2033. The company said it intends to use proceeds and cash on hand to redeem US$700m of notes due in 2027, repay its revolving facility and fund general corporate purposes, including capital expenditure.

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