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Adjusted EBITDA by Property
Shows the profitability of each property after accounting for operational costs, helping investors assess efficiency and potential for margin improvement across the portfolio.Post‑COVID recovery is clear: Marina Bay Sands is the company’s dominant, steadily growing EBITDA engine while Macau properties rebounded strongly in 2023 but have since settled into volatile, property‑specific patterns. The concentration in Singapore reduces recovery risk, but the broad sequential softening across several Macao assets in June 2026 (notably Venetian and Plaza/Four Seasons) signals an emerging short‑term demand wobble; if sustained, it could dent consensus estimates given LVS’s geographic concentration and limited US EBITDA exposure.
Date | Venetian Macao | Londoner Macao | Parisian Macao | Plaza Macao and Four Seasons Macao | Sands Macao | Ferry Operations and Other | Marina Bay Sands | Las Vegas Properties |
|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $165.00M | $192.00M | $38.00M | $20.00M | $11.00M | $4.00M | $689.00M | $0.00 |
Mar 31, 2026 | $238.00M | $223.00M | $46.00M | $114.00M | $9.00M | $3.00M | $788.00M | $0.00 |
Dec 31, 2025 | $243.00M | $201.00M | $55.00M | $99.00M | $4.00M | $6.00M | $806.00M | $0.00 |
Sep 30, 2025 | $242.00M | $219.00M | $53.00M | $74.00M | $8.00M | $5.00M | $743.00M | $0.00 |
Jun 30, 2025 | $236.00M | $205.00M | $44.00M | $66.00M | $9.00M | $6.00M | $768.00M | $0.00 |
Mar 31, 2025 | $225.00M | $153.00M | $66.00M | $74.00M | $10.00M | $7.00M | $605.00M | $0.00 |
Dec 31, 2024 | $250.00M | $144.00M | $69.00M | $83.00M | $20.00M | $5.00M | $537.00M | $0.00 |
Sep 30, 2024 | $267.00M | $124.00M | $74.00M | $102.00M | $14.00M | $4.00M | $406.00M | $0.00 |
Jun 30, 2024 | $262.00M | $103.00M | $83.00M | $100.00M | $10.00M | $3.00M | $512.00M | $0.00 |
Mar 31, 2024 | $314.00M | $172.00M | $71.00M | $36.00M | $12.00M | $5.00M | $597.00M | $0.00 |