Las Vegas Sands (LVS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

By Zacks Equity Research | October 22, 2025, 8:30 PM

For the quarter ended September 2025, Las Vegas Sands (LVS) reported revenue of $3.33 billion, up 24.2% over the same period last year. EPS came in at $0.78, compared to $0.44 in the year-ago quarter.

The reported revenue represents a surprise of +10.37% over the Zacks Consensus Estimate of $3.02 billion. With the consensus EPS estimate being $0.62, the EPS surprise was +25.81%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Non-Rolling Chip table games win percentage - Marina Bay Sands: 24.5% compared to the 21.2% average estimate based on three analysts.
  • Rolling Chip volume - Marina Bay Sands: $9.07 billion versus $7.5 billion estimated by three analysts on average.
  • Non-Rolling Chip table games drop - Marina Bay Sands: $2.55 billion versus the three-analyst average estimate of $2.34 billion.
  • Non-Rolling Chip win percentage - The Londoner Macao: 23.4% compared to the 22% average estimate based on two analysts.
  • Revenue- Total Macao: $1.91 billion versus the five-analyst average estimate of $1.81 billion. The reported number represents a year-over-year change of +7.6%.
  • Net Revenues- Marina Bay Sands: $1.44 billion versus the five-analyst average estimate of $1.2 billion. The reported number represents a year-over-year change of +56.3%.
  • Net Revenues- The Parisian Macao: $218 million versus the four-analyst average estimate of $224.44 million. The reported number represents a year-over-year change of -12.8%.
  • Net Revenues- The Londoner Macao: $686 million compared to the $592.6 million average estimate based on four analysts. The reported number represents a change of +49.1% year over year.
  • Net Revenues- The Plaza Macao and Four Seasons Macao: $206 million compared to the $218.74 million average estimate based on four analysts. The reported number represents a change of -19.8% year over year.
  • Net Revenues- Sands Macao: $72 million versus $75.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.1% change.
  • Net Revenues- The Venetian Macao: $692 million versus $664.71 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
  • Revenue- Marina Bay Sands- Casino: $1.08 billion versus the three-analyst average estimate of $849.8 million. The reported number represents a year-over-year change of +79.5%.

View all Key Company Metrics for Las Vegas Sands here>>>

Shares of Las Vegas Sands have returned -4.6% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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