# Las Vegas Sands Q3 2026 Earnings Call

> Las Vegas Sands reports $590M EBITDA but CEO calls quarter 'aberrational' as high-end gamblers stay home.
- Title: Las Vegas Sands Q3 2026 Earnings Call · BigGo Finance
- Summary: Las Vegas Sands reports $590M EBITDA but CEO calls quarter 'aberrational' as high-end gamblers stay home. Las Vegas Sands reported $590 million EBITDA for Q3…
- Keywords: las vegas sands, marina bay sands, sands china, patrick dumont, q3 2026, ebitda, high-end gamblers, whales, fifa world cup, macao gaming market, capital returns, stock repurchase
- Source: BigGo Finance — https://finance.biggo.com/news/US_LVS_2026-10-21
- Author: BigGo Finance
- Published: 2026-10-21T23:14:18+00:00
- Read time: 1 min
- Topics: las vegas sands, marina bay sands, sands china, patrick dumont, q3 2026, ebitda, high-end gamblers, whales, fifa world cup, macao gaming market, capital returns, stock repurchase
## Q3 2026 Results
Las Vegas Sands reported third-quarter 2026 results on October 21.
## High-End Gamblers Stay Home
CEO Patrick Dumont described high-end softness as 'aberrational' in both Macao and Singapore.

> When the customers don't show up, it's a little problematic
## Marina Bay Sands EBITDA
Marina Bay Sands generated $590 million in adjusted property EBITDA.
## Sands China EBITDA
Sands China posted $529 million in adjusted property EBITDA.
## Macao Market Share
Macao mass gaming revenue share climbed to 26.1%, the best since Q4 2023.
## FIFA World Cup Impact
CEO Patrick Dumont attributed high-end softness to the FIFA World Cup final on July 19.

> Just when uncertainty is introduced into people's lives and how they think about tourism, it may change their behaviors
## Capital Returns
Sands repurchased $950 million of stock and raised quarterly dividend 20% to $0.36.
## No M&A or Take-Private
CEO dismissed M&A and take-private speculation, stating no interest in private ownership.

> I do not think there is any interest at this time to take the company private
## China Tax Policy
Executives declined to comment on Chinese offshore wealth tax policy.

> We don't have any specific comment on the tax issue
## Macao Reinvestment
Sands China reported double-digit growth in patron count and high single-digit growth in property visitations.

> We had double-digit growth in patron count. We had high single-digit growth in property visitations
## Singapore EBITDA Target
Management reiterated $2.7, 2.8 billion Singapore run-rate and $700 million Macao quarterly EBITDA target.
## Q4 Outlook
CEO believes high-end gamblers will return, targeting $700 million Macao EBITDA for Q4.

> We believe the trends of economic growth and wealth creation will continue into the future
## Key takeaway

Las Vegas Sands reported $590 million EBITDA for Q3 2026 but CEO Patrick Dumont called the quarter 'aberrational' due to high-end gamblers staying home.