EarningsLVS reported better than expected EBITDA, driven by share gains in Macau, and the benefit of post renovation demand, accelerating side bets and more efficient marketing in Singapore.
Market PerformanceMacau mass share (tables) was up driven somewhat by promo reinvestment.
Stock BuybackLVS repurchased $500m of common stock, and BoD has authorized another $2.0bn in share repurchases through 2027, also increasing the dividend for FY26.