Quarterly ResultApr 30, 2026, 08:30 AM
MLCO Q1 Revenue +11% to $1.37B; Adj. EBITDA +12% to $381M; EPS $0.20
AI Summary
Melco Resorts & Entertainment Limited reported strong first-quarter 2026 financial results, with total operating revenues increasing by approximately 11% to US$1.37 billion, primarily driven by improved mass market operations. Adjusted Property EBITDA grew by 12% year-over-year to US$381.0 million, and net income attributable to the company rose significantly to US$76.8 million, or US$0.20 per ADS. While Macau and City of Dreams Manila showed solid performance, results in Cyprus were negatively impacted by conflicts in the Middle East affecting tourism.
Key Highlights
- Total operating revenues increased 11% to US$1.37 billion in Q1 2026.
- Adjusted Property EBITDA rose 12% to US$381.0 million in Q1 2026.
- Net income attributable to MLCO was US$76.8 million, or US$0.20 per ADS.
- Macau Property EBITDA grew 12% YoY to US$334 million, with a 28% margin.
- City of Dreams Manila's Adjusted EBITDA increased 24% YoY to US$37.4 million.
- City of Dreams Mediterranean Adjusted EBITDA declined to US$9.0 million due to Middle East conflicts.
- City of Dreams operating revenues were US$734.6 million, with Adjusted EBITDA of US$214.4 million.
- Studio City operating revenues were US$392.0 million, with Adjusted EBITDA of US$111.7 million.