Sands China First-Quarter Profit Surges on Macao Revenue Growth
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Sands China reported a strong first quarter of 2026, with net revenues rising 23.6% year on year to US$2.10 billion, driven by growth in Macao operations. Net income increased 45.5% to US$294 million, and adjusted property EBITDA rose to US$633 million. The results indicate a recovery in Macao and support for returning capital to shareholders. Analysts rate the stock as a Buy with a price target of HK$22.86. Sands China, controlled by Las Vegas Sands, benefits from Macao's tourism and gaming demand.
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