Quarterly ResultMay 4, 2026, 06:12 AM
Melco Resorts Q1 Revenue +11% to $1.37B; Net Income $76.8M
AI Summary
Melco Resorts & Entertainment Limited reported strong unaudited financial results for the first quarter of 2026, with total operating revenues increasing 11% to $1.37 billion and net income attributable to the company more than doubling to $76.8 million. The company's Adjusted Property EBITDA grew 12% year-over-year to $381.0 million, driven by improved mass market operations in Macau and solid performance in the Philippines. Additionally, Melco Resorts announced a new $500 million share repurchase program and the acquisition of intellectual property rights for $375.0 million, though its Cyprus operations were impacted by Middle East conflicts.
Key Highlights
- Total operating revenues increased 11% year-over-year to $1.37 billion in Q1 2026.
- Operating income rose to $179.0 million from $144.9 million in Q1 2025.
- Adjusted Property EBITDA grew 12% year-over-year to $381.0 million.
- Net income attributable to Melco Resorts was $76.8 million, or $0.20 per ADS, up from $32.5 million, or $0.08 per ADS.
- Board approved a new $500 million share repurchase program, effective immediately.
- Company acquired intellectual property rights from Melco International for $375.0 million.
- City of Dreams Macau Property EBITDA increased 12% year-over-year to $334 million.
- City of Dreams Mediterranean Adjusted EBITDA decreased to $9.0 million due to Middle East conflicts.
Price Impact
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