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An update from Melco Resorts & Entertainment ( (MLCO) ) is now available.
Melco Resorts & Entertainment reported unaudited first-quarter 2026 results on April 30, 2026, with total operating revenue rising 11% year-on-year to US$1.37 billion, driven mainly by stronger mass market performance. Operating income increased to US$179 million, adjusted property EBITDA climbed to US$381 million, and net income attributable to the company more than doubled to US$76.8 million, reflecting improved profitability across its core portfolio.
In Macau, City of Dreams, Studio City and Altira delivered higher revenue and EBITDA, with margins improving as mass-market gaming and non-gaming operations strengthened. City of Dreams Manila posted EBITDA growth despite competitive and macro headwinds, while City of Dreams Mediterranean and its Cyprus satellite casinos saw revenue growth but lower EBITDA as Middle East conflict from late February weighed on tourism, highlighting geographic diversification benefits alongside regional risk exposures for investors and other stakeholders.
The most recent analyst rating on (MLCO) stock is a Buy with a $8.20 price target. To see the full list of analyst forecasts on Melco Resorts & Entertainment stock, see the MLCO Stock Forecast page.
Spark’s Take on MLCO Stock
According to Spark, TipRanks’ AI Analyst, MLCO is a Neutral.
The score is driven primarily by improving operating results and stronger free cash flow, supported by a positive earnings call (growth momentum, solid liquidity, and debt paydown). Offsetting these are significant balance-sheet risk (high leverage and negative equity) and weak technicals with the price still below key moving averages.
To see Spark’s full report on MLCO stock, click here.
More about Melco Resorts & Entertainment
Melco Resorts & Entertainment Limited is a developer, owner and operator of integrated resort facilities in Asia and Europe, with flagship gaming and entertainment properties in Macau, the Philippines and Cyprus. The company focuses on mass market and premium gaming, alongside non-gaming attractions, to capture regional tourism and leisure demand.
Average Trading Volume: 1,909,978
Technical Sentiment Signal: Sell
Current Market Cap: $2.12B
Learn more about MLCO stock on TipRanks’ Stock Analysis page.