Galaxy Entertainment posts steady Q1, doubles down on Macau expansion and live events
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Galaxy Entertainment Group reported Q1 2026 net revenue of HK$12.4 billion, an 11% year-on-year increase but a 10% decrease quarter-on-quarter. Adjusted EBITDA rose 8% year-on-year to HK$3.6 billion. The company is focusing on expansion in Macau, hosting over 80 events, and advancing its Phase 4 project to enhance non-gaming amenities. Analysts rate the stock as a Buy with a target price of HK$48.00. Galaxy maintains a strong balance sheet with HK$39.2 billion in cash, supporting its growth and dividend plans.
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