Galaxy Entertainment Q3 2026: EBITDA nearly HKD3.69bn, up 10.4%
Net revenue HKD12.02bn and Macau GGR HKD12.88bn; Phase 4 due in 2027
Key Takeaways
- Galaxy Entertainment reported adjusted Q3 2026 EBITDA just under HKD3.69 billion (US$470.6m), a 10.4% year‑on‑year increase.
- Net revenue for the three months to 30 September rose 5.1% y/y to HKD12.02 billion, while GGR was HKD12.88 billion, up 5.2%.
- Galaxy Macau recorded net revenue of HKD10.84 billion and adjusted EBITDA of HKD3.54 billion in Q3 2026, up versus Q3 2025.
- The company said premium offerings gained traction, with Capella ramping up and Horizon Plus expanding private salon capacity.
- Phase 4 of Galaxy Macau — 1,350 suites, a 5,000‑seat theatre and more — is scheduled for completion in 2027.
Galaxy Entertainment Group Ltd reported on Friday 6 November 2026 an adjusted third-quarter 2026 EBITDA just under HKD3.69 billion (US$470.6 million), a 10.4% increase year‑on‑year. For the three months to 30 September, net revenue rose 5.1% y/y to HKD12.02 billion and gross gaming revenue (GGR) was HKD12.88 billion, up 5.2% — figures released in the company’s [news](/news) announcement.
Breakdown by properties
Galaxy Entertainment operates Galaxy Macau in Cotai, the StarWorld Hotel on the Macau peninsula and Broadway Macau, targeted at the mass segment. Galaxy Macau reported net revenue of HKD10.84 billion in the quarter, up 7.4% y/y, and its adjusted EBITDA was HKD3.54 billion, versus HKD3.07 billion in Q3 2025.
Chairman's comments
"Delivered a solid performance," said Francis Lui Yiu Tung, chairman of Galaxy Entertainment, in the announcement.
The executive added that the premium offering continued to progress during the quarter. He noted that Capella at Galaxy Macau "ramped up well" and that the expansion of Horizon Plus from six to ten private salons increased capacity for high‑value customers and strengthened the company’s position in the premium market.
"GGR growth has moderated in the near term, reflecting a combination of short-term factors, including possibly taxation policy changes, slower global economic growth and ongoing geopolitical uncertainty," the executive acknowledged.
Investment and timeline
The group is progressing fit‑out works for Phase 4 of Galaxy Macau, scheduled for completion in 2027. Phase 4 will include 1,350 suites and hotel rooms, a 5,000‑seat theatre, retail space, a resort pool deck and additional casino facilities.
The group published these figures comparing Q3 2026 with Q3 2025 and outlined capacity and product moves aimed at the premium segment.
Frequently Asked Questions
What was Galaxy Entertainment's adjusted EBITDA in Q3 2026?
Adjusted EBITDA for Q3 2026 was just under HKD3.69 billion (US$470.6 million), representing a 10.4% increase versus Q3 2025.
How did net revenue and GGR perform in the quarter?
Net revenue for the three months to 30 September rose 5.1% year‑on‑year to HKD12.02 billion, and GGR for the period was HKD12.88 billion, up 5.2% year‑on‑year.
What did Galaxy say about Galaxy Macau's results?
Galaxy Macau reported net revenue of HKD10.84 billion in the quarter, up 7.4% y/y, and adjusted EBITDA of HKD3.54 billion, compared with HKD3.07 billion in Q3 2025.
What does Phase 4 of Galaxy Macau include and when will it be completed?
Phase 4 will include 1,350 suites and hotel rooms, a 5,000‑seat theatre, retail space, a resort pool deck and additional casino facilities, with completion scheduled for 2027.
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Emilio Navarro
Industry Technology Correspondent
Emilio Navarro covers the cross-cutting technology and business of iGaming — platforms, data and AI, compliance tooling, affiliate marketing, financial results, and the stories that fit no single rubric. The reports open with the announcement, cite vendors and figures exactly as published, and keep a healthy distance from press-release language. When a supplier unveils a new engine or the advertising rulebook changes, Emilio Navarro reports what genuinely changes.
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