Melco Resorts Posts Strong Q1 2026 and Launches New US$500 Million Buyback

Melco International ( (HK:0200) ) has provided an announcement.

Melco Resorts & Entertainment, the Nasdaq‑listed subsidiary of Melco International, reported a strong first quarter for 2026, underscored by improved mass‑market gaming performance across its integrated resort portfolio. Total operating revenue rose 11% year on year to US$1.37 billion, while operating income reached US$179 million and adjusted property EBITDA climbed to US$381 million, with net income attributable to shareholders more than doubling to US$76.8 million.

The company also authorized a new US$500 million share repurchase program, effective immediately and running for three years, on top of an existing US$500 million buyback mandate. With cash and bank balances of US$1.07 billion, total liquidity of about US$2.36 billion and ongoing debt repayments, the additional buyback signals management confidence in Melco Resorts’ financial strength and future earnings, though leverage remains significant at US$6.67 billion of net debt and capital spending continues on Macau property enhancements.

The most recent analyst rating on (HK:0200) stock is a Sell with a HK$4.30 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

More about Melco International

Melco International Development Limited is a Hong Kong‑incorporated investment holding company with interests in gaming and entertainment, primarily through its listed subsidiary Melco Resorts & Entertainment. Melco Resorts operates integrated casino resorts in markets such as Macau, the Philippines and the Mediterranean, focusing on mass‑market gaming, hospitality and leisure offerings.

Average Trading Volume: 6,281,093

Technical Sentiment Signal: Sell

Current Market Cap: HK$9.53B

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