臺北新聞熱綫

(AsiaGameHub) –   The casino and hospitality leader Las Vegas Sands (LVS) has released its financial figures for the quarter ending March 31, announcing a double-digit rise in net revenue. Company executives noted the ongoing execution of strategic goals and robust growth across several markets.

The Company Experienced Double-Digit Growth

For Q1 2026, LVS posted net revenue of $3.59 billion, a 25.3% increase compared to the same period last year. In Q1 2025, the company’s net revenue stood at $2.96 billion.

Operating income was $904 million , compared to $609 million in the year-ago quarter. Net income for Q1 2026 rose to $641 million, up from $408 million in Q1 2025.

The company also stated its consolidated adjusted property EBITDA for the quarter was $1.42 billion, a solid 24.5% increase from $1.14 billion in the prior year period.

LVS’s Sands China unit reported net revenues of $2.1 billion, a 23.6% year-on-year gain. Sands China’s net income surged to $294 million, representing a 45.5% year-on-year rise.

Net interest expense for Q1 2026 was $188 million . The weighted average debt balance for the period was $16 billion, up from $13.86 billion in the same quarter the previous year. LVS also reported a weighted average borrowing cost of 4.6% for Q1 2026.

Meanwhile, LVS’s effective income tax rate rose modestly to 14.3% from 13.4% in the prior year quarter, primarily due to Singapore’s 17% statutory rate.

LVS Continued to Generate Shareholder Value

Further financial details reveal the gaming giant’s share repurchase program resulted in the buyback of $740 million of its common stock at an average price of $56.64 per share during Q1. As of March 31, the program had remaining capacity for up to $817 million in additional share repurchases.

Additionally, LVS distributed a quarterly dividend of $0.30 per common share in Q1. The company confirmed the next dividend payment, also $0.30 per common share, is scheduled for May 13.

As of March 31, LVS held $3.33 billion in unrestricted cash and had total debt outstanding of $15.57 billion. By April 22, the company had available borrowing capacity of $3.97 billion under its US, SCL, and Singapore revolving credit facilities, plus access to $4.94 billion under a delayed draw term loan facility.

LVS reported Q1 capital expenditures totaling $194 million. Of this amount, $102 million was allocated to maintenance and development at the Marina Bay Sands property, with $89 million directed toward its Macau operations.

CEO Dumont Was Pleased with the Progress

Patrick Dumont, Chairman and CEO of LVS, remarked on the company’s achievements, stating it continued to advance its strategic plans, achieved growth in Singapore and Macau, and sustained value creation for shareholders.

Looking ahead, we remain confident that our people, our products and our focus on delivering outstanding service, hospitality and entertainment experiences to our customers will drive growth for the company and deliver strong returns to our shareholders in the years ahead.

Patrick Dumont, chair & CEO, LVS

Separately, LVS recently faced market pressure after a cautious analyst note from Jefferies raised some concerns regarding the group’s short-term growth outlook.