Las Vegas Sands Surges in Q3, Boosts Dividend and Buybacks

LVS's Macau performance soars. The company increases dividends and buybacks, signaling a positive outlook.

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2025 October 23 . 8:03 AM

1 min read

In this picture we can see food boxes in the racks. We can see price notes.

Las Vegas Sands Surges in Q3, Boosts Dividend and Buybacks

Las Vegas Sands (NYSE: LVS) has reported impressive results for the third quarter, surpassing analyst estimates. The company has also increased its quarterly dividend and share buyback program, demonstrating confidence in its future prospects.

Las Vegas Sands posted earnings of 78 cents per share on revenue of $3.38 billion, outpacing estimates of 63 cents on $3.1 billion. The company's performance was driven by a strong showing in Macau, which is shaping up to be its best post-COVID year. In the third quarter alone, Las Vegas Sands generated adjusted EBITDA of $601 million in Macau.

The company has been actively repurchasing its shares. Since resuming its share repurchase program in late 2023, Las Vegas Sands has bought back approximately 88 million shares at an average price of $45.42, totaling $4.0 billion. In September 2025, the management increased the share buyback program by $1 billion. In the third quarter, the company repurchased $337 million worth of Sands China equity and lifted its share buyback program to $2 billion, having already repurchased approximately $500 million worth of its stock in the same quarter.

Las Vegas Sands also announced an increase in its quarterly dividend, raising it to 30 cents a share from 25 cents, effective starting in 2026. The company has shown commitment to enhancing its properties, spending $99 million on improvements in Macau during the third quarter.

Las Vegas Sands' strong third-quarter results and increased share buyback program and dividend indicate a positive outlook for the company. The company's focus on Macau and continued investment in its properties suggest a strategy of growth and value creation for shareholders.