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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Brandt Montour | Barclays | 13 (0%) |
| Steve Wieczynski | Stifel | 12 (0%) |
| Stephen Grambling | Morgan Stanley | 11 (0%) |
| Dan Politzer | JPMorgan | 11 (0%) |
| Shaun Kelley | Bank of America | 11 (0%) |
| George Choi | Citigroup | 11 (9%) |
| Robin Farley | UBS | 11 (0%) |
| Joe Stauff | Susquehanna | 10 (0%) |
| Lizzie Dove | Goldman Sachs | 9 (0%) |
| Chad Beynon | Macquarie | 9 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 | 13 (0%) |
| Stifel | 1 | 12 (0%) |
| Bank of America | 1 | 11 (0%) |
| Citigroup | 1 |
| 11 (9%) |
| JPMorgan | 1 | 11 (0%) |
| Morgan Stanley | 1 | 11 (0%) |
| UBS | 1 | 11 (0%) |
| Susquehanna | 1 | 10 (0%) |
MBS EBITDA grew over 30% to $788 million under new CEO Patrick Dumont while Macao reached $633 million with market share gains across all segments. The Venetian renovation was announced with completion targeted by end of 2027, and the company retired 14.3% of shares outstanding across 10 quarters of buybacks. Macao retail malls hit a quarterly all-time high in tenant sales as geopolitical tensions benefited short-haul Asian destinations.
Demand | Revenue Growth | Competitive Dynamics | Capex Investment | Margin | Innovation & R&D | Capital Allocation | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 4 | 2 | 3 | 2 | 1 | 1 | 1 |
| 2025Q1 | 5 | 6 | 6 | 2 | 2 | 3 | 4 | 1 |
| 2025Q2 | 9 | 10 | 8 | 3 | 2 | 2 | 1 | 1 |
| 2025Q3 | 8 | 7 | 8 | 1 | 7 | 2 | 1 | |
| 2025Q4 | 8 | 6 | 8 | 2 | 6 | 1 | 1 | 1 |
| 2026Q1 | 8 | 9 | 4 | 7 | 3 | 2 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 5 | 9 | 8 | 8 | 8 |
| Revenue Growth | 4 | 6 | 10 | 7 | 6 | 9 |
| Competitive Dynamics | 2 | 6 | 8 | 8 | 8 | 4 |
| Capex Investment | 3 | 2 | 3 | 2 | 7 | |
| Margin | 2 | 2 | 2 | 1 | 6 | 3 |
| Innovation & R&D | 1 | 3 | 2 | 7 | 1 | 2 |
| Capital Allocation | 1 | 4 | 1 | 2 | 1 | 1 |
| Macroeconomic | 1 | 1 | 1 | 1 | 1 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.90B | -0.7% | $0.45 | -10.4% | 20.8% | 11.2% | $368M |
| FY2025 Q1 | $2.86B | -3.3% | $0.49 | -25.8% | 21.7% | 12.3% | $147M |
| FY2025 Q2 | $3.17B | +15.0% | $0.66 | +37.5% | 25.2% | 14.5% | $-108M |
| FY2025 Q3 | $3.33B | +24.2% | $0.61 | +60.5% | 23.8% | 12.6% | $961M |
| FY2025 Q4 | $3.65B | +26.0% | $0.58 | +29.4% | 24.0% | 10.8% | $930M |
| FY2026 Q1 | $3.58B | +25.3% | $0.85 | +73.5% | 25.6% | 15.8% | $537M |
| FY2026 Q2 | $3.15B | -0.7% | $0.53 | -19.7% | 19.6% | 11.0% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LVS Las Vegas Sands | 9 | +25.3% | |
| DKNG DraftKings Inc. | 9 | +16.8% | |
| MGM MGM Resorts | 5 | +4.2% | |
| WYNN Wynn Resorts | 7 | +9.2% |