Melco Resorts & Entertainment ( (MLCO) ) has released its Q1 earnings. Here is a breakdown of the information Melco Resorts & Entertainment presented to its investors.
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Melco Resorts & Entertainment Limited is a prominent developer, owner, and operator of integrated resort facilities across Asia and Europe, known for its luxurious gaming and entertainment offerings in key locations such as Macau, Manila, and Cyprus.
In its first quarter of 2025, Melco Resorts & Entertainment reported a notable increase in total operating revenues, reaching $1.23 billion, up by 11% from the previous year. This growth was primarily driven by enhanced performance in both gaming and non-gaming operations, reflecting the company’s strategic efforts and market recovery.
Key financial highlights include an operating income of $144.9 million, a rise from $125.4 million in the same period last year, and an adjusted property EBITDA of $341 million, compared to $298.8 million in 2024. Net income attributable to Melco Resorts was $32.5 million, doubling the figure from the previous year. The company also highlighted strong performance in its Macau properties, with a 32% quarter-over-quarter growth in Macau Property EBITDA.
Despite facing increased competition in Manila and challenges in Cyprus, Melco’s properties in these regions showed resilience, with City of Dreams Mediterranean and satellite casinos in Cyprus reporting solid growth. The company is also making progress in its new venture in Sri Lanka, with casino operations expected to commence in the third quarter of 2025.
Looking ahead, Melco Resorts & Entertainment remains optimistic about its growth trajectory, supported by its strategic initiatives and the ongoing strength in its core markets. The company continues to focus on enhancing its offerings and expanding its footprint in the gaming and entertainment industry globally.