Quarterly ResultAug 13, 2026, 08:03 AM
Melco Resorts Q2 Revenue $1.25B (-6%); Net Income $22.7M (+32%)
AI Summary
Melco Resorts & Entertainment reported Q2 2026 financial results with total operating revenues of $1.25 billion, a 6% decrease year-over-year, primarily due to softer rolling chip and mass market table games performance. Despite this, net income attributable to Melco Resorts increased by 32% to $22.7 million, or $0.06 per ADS, while Adjusted Property EBITDA decreased to $303.8 million. The company repurchased $120.6 million of ADSs and extended its MN1 2020 Revolving Facilities to June 2031, alongside debt refinancing activities. CEO Lawrence Ho acknowledged near-term headwinds but expressed confidence in long-term strength and announced the phased opening of the new REM hotel in Q3 2026.
Key Highlights
- Q2 2026 total operating revenues were $1.25 billion, a 6% decrease YoY.
- Net income attributable to Melco Resorts increased to $22.7 million from $17.2 million YoY.
- Diluted EPS was $0.06 per ADS, up from $0.04 per ADS in Q2 2025.
- Adjusted Property EBITDA decreased to $303.8 million from $377.7 million YoY.
- Repurchased 22.4 million ADSs for $120.6 million from April 1 to August 12, 2026.
- Extended MN1 2020 Revolving Facilities to June 2031, increasing commitments to $2.76 billion.
- New hotel REM to commence phased opening in Q3 2026.
- City of Dreams Manila Adjusted EBITDA grew to $30.9 million from $28.4 million YoY.
Price Impact
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