Quarterly ResultMay 29, 2026, 06:12 AM
Melco Resorts Finance Q1 Revenue +9.9% to $1.21B; Net Income $68.2M
AI Summary
Melco Resorts Finance Limited reported a strong first quarter for 2026, with total operating revenues increasing by 9.9% to $1.21 billion. Net income significantly improved to $68.2 million, nearly doubling from $34.5 million in the prior year's quarter. This growth was primarily driven by enhanced performance in mass market and non-gaming operations at City of Dreams, alongside higher interest income from intercompany loans.
Key Highlights
- Total operating revenues increased 9.9% to $1.21 billion for Q1 2026.
- Net income rose to $68.2 million in Q1 2026 from $34.5 million in Q1 2025.
- Operating income grew to $128.9 million in Q1 2026 from $110.8 million in Q1 2025.
- City of Dreams total operating revenues were $783.4 million, up from $703.7 million year-over-year.
- Net cash provided by operating activities was $118.9 million, compared to $70.4 million in Q1 2025.
- Cash and cash equivalents stood at $500.5 million as of March 31, 2026.
- $1.12 billion was available from the MN1 2020 Revolving Facilities.
- Subsequent to quarter-end, $367.9 million was drawn from the MN1 2020 Revolving Facilities.
Price Impact
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