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Melco Resorts & Entertainment (MLCO)
NASDAQ:MLCO
Earnings Data
Report Date
May 06, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial trajectory: strong full-year EBITDA growth, robust Macau recovery (including a 24% GGR uptick in early 2026), meaningful liquidity and active debt reduction, large-capex refurbishment plans (Countdown Hotel), and standout growth in Cyprus. Offsetting items included localized underperformance in the Philippines with strategic uncertainty at COD Manila, several event-driven and one-time cost pressures (bad debt, higher OpEx from events), and a forthcoming trademark fee increase. Management framed many negatives as one-offs or manageable and emphasized disciplined cost control and margin focus, supporting continued optimism.Company Guidance
Full-Year Group Property EBITDA Growth
Recorded $1.4 billion in group property EBITDA for FY2025, up 17% year over year versus 2024, indicating strong recovery and margin expansion.
Macau EBITDA and Market Momentum
Macau property EBITDA grew 24% year over year in Q4 and 25% for the full year 2025; Macau market GGR was up 24% year over year at the start of 2026 and the company reports increasing market share so far in 2026.
Adjusted Property EBITDA and Win-Rate Tailwinds
Group-wide adjusted property EBITDA for 2025 increased ~12% year over year to approximately $331 million (or ~$323 million adjusted for VIP hold). Favorable win rates at City of Dreams Macau and City of Dreams Manila positively impacted EBITDA by roughly $7 million and $3 million, respectively.
Strong Liquidity and Debt Reduction
Available liquidity of approximately $2.4 billion and consolidated cash on hand of about $1.2 billion as of 2025; the group paid down roughly $400 million of debt in 2025 and continued repayments in 2026 (e.g., $35 million repaid in January and $25 million planned), with no material maturities in 2026.
Cyprus Performance
City of Dreams Mediterranean and satellite casinos in Cyprus delivered 78% year-over-year growth in property EBITDA, reaching $21 million for 2025, demonstrating strong international momentum.
Capital Investment Program and Property Enhancements
Total CapEx for the year (including carry-forward) of $450 million; Macau CapEx ~ $375 million. Major projects include the Countdown Hotel renovation (~$100 million in 2026), retail revamp at City of Dreams Macau, and F&B upgrades to enhance product quality.
House of Dancing Water Driving Visitation and Non-Gaming Spend
Since reopening in May 2025, House of Dancing Water shows (1,800–1,900 attendees per show, two shows most days) have driven meaningful increases in property visitation and noticeable uplift in food & beverage and non-gaming spend, supporting broader property activation.
Margin Recovery Adjusted for One-Offs
Management noted that excluding event-driven costs (e.g., National Games, anniversary events) and House of Dancing Water, Macau OpEx was approximately $3.1 million per day in Q4 and Macau's property EBITDA margin would have been over 27% for 2025 on an actual basis.
MLCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MLCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 06, 2025 | $8.10 | $8.41 | +3.83% |
Jul 31, 2025 | $8.58 | $8.65 | +0.82% |
Jul 31, 2025 | $8.58 | $8.65 | +0.82% |
May 08, 2025 | $5.64 | $5.85 | +3.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Melco Resorts & Entertainment (MLCO) report earnings?
Melco Resorts & Entertainment (MLCO) is schdueled to report earning on May 06, 2026, TBA (Confirmed).
What is Melco Resorts & Entertainment (MLCO) earnings time?
Melco Resorts & Entertainment (MLCO) earnings time is at May 06, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLCO EPS forecast?
MLCO EPS forecast for the fiscal quarter 2026 (Q1) is 0.1.