Las Vegas Sands Reports Strong Q4 Revenue but Macao EBITDA Falls Short
Las Vegas Sands (LVS) reported Q4 2025 revenue of $3.649 billion, beating estimates, but Macao EBITDA of $608 million fell short of management's $700 million target. The company faces margin pressure from higher promotional spending and wage inflation, with Macao EBITDA margin down 390 basis points year-over-year.
Tickers: $LVS
Topics: Earnings Call Las Vegas Sands Macao EBITDA Margin Pressure Q4 2025 Results