Las Vegas Sands has posted its Q2 2026 earnings and revealed that the company’s net revenue for the quarter dropped by 0.7% to $3.15 billion, missing Wall Street expectations.
According to the company, the unfavorable results were impacted by the FIFA World Cup, which drove players away from Sands’ Asian venues. The Q2 2026 earnings were the first in the last 4 quarters to show a decrease.
Adjusted property EBITDA stood at $1.12 billion, 15.8% lower compared to Q2 2025’s $1.33 billion. For specific venues, the EBITDA for Marina Bay Sands was $689 million, with Macau EBITDA generating $430 million.
The main source of revenue was casino, which generated $2.34 billion, representing a 3.1% drop.
Chairman, CEO, and President of Sands, Patrick Dumont, commented:
“There was a decrease in visitation to both Marina Bay Sands and our Macau properties by our high-value patrons during the World Cup. It was very noticeable in June given the trajectory of the businesses in both markets earlier in the quarter. Despite these headwinds, mass gaming revenues of Marina Bay Sands grew 5% for the quarter compared to the second quarter of 2025, which highlights the resilience and underlying strength of the business.”
Operational expenses, on the other hand, increased by 6% to $2.54 billion, leading to a 21.1% decline in operating profit. Additionally, the company affirmed that it plans to reach the target goal of $700 million in quarterly EBITDA for the Macau venue.
















