The earnings call highlighted strong performance in Macau with significant EBITDA growth, the success of non-gaming initiatives like House of Dancing Water, and a strong liquidity position. However, challenges persist in the Philippines due to competitive pressures, and geopolitical issues impacted Cyprus operations, leading to some financial impairments. The overall sentiment is cautiously optimistic with strong growth in core areas, despite challenges in other regions.

Company Guidance -

Q3 2025

During the second quarter of 2025, Melco Resorts & Entertainment Limited reported a robust financial performance, particularly in its Macau operations, with property EBITDA increasing by 35% year-over-year and 13% from the previous quarter. The company's group-wide adjusted property EBITDA grew by 25% to approximately $378 million. Melco's Macau properties achieved record mass table games revenue, while the House of Dancing Water show contributed to non-gaming revenue with a 98% theater occupancy rate. Macau's operating expenses were reduced to about $3 million per day, excluding certain entertainment costs, leading to a property EBITDA margin of 29.2%. In contrast, the Philippine market faced competitive pressures, prompting cost-reduction initiatives, yet a recovery was noted in July. Cyprus operations were briefly affected by geopolitical tensions but quickly rebounded. The company also highlighted its strong liquidity position with $2.3 billion available, including $1.2 billion in cash, and detailed its strategic investments and market expansions, including the opening of City of Dreams Sri Lanka.

Strong Performance in Macau

Macau property EBITDA grew by 35% year-over-year and 13% quarter-to-quarter. Gaming volumes and revenues were up, with mass table games revenue at both City of Dreams and Studio City reaching all-time highs.

House of Dancing Water Success

House of Dancing Water reopened in May with a refreshed storyline and enhanced visuals, contributing to an average theater occupancy of 98% and boosting non-gaming revenue and visitation in Macau.

Group-wide EBITDA Growth

Group-wide adjusted property EBITDA for the second quarter of 2025 grew 25% year-over-year to approximately $378 million.

Resilient Liquidity Position

Available liquidity of $2.3 billion with consolidated cash on hand of approximately $1.2 billion as of the end of the second quarter of 2025.

Launch of City of Dreams Sri Lanka

Opening of City of Dreams Sri Lanka on August 1, marking the first integrated resort in Sri Lanka and South Asia, targeting the premium Indian customer base.

Melco Resorts & Entertainment (MLCO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MLCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	0.12 / -	0.063	―	―	―
Jul 31, 2025	2025 (Q2)	0.11 / 0.04	0.049	-12.24% (>-0.01)
May 08, 2025	2025 (Q1)	0.07 / 0.08	0.035	122.86% (+0.04)
Feb 27, 2025	2024 (Q4)	0.06 / -0.05	-0.358	86.59% (+0.31)
Nov 05, 2024	2024 (Q3)	0.06 / 0.06	-0.025	352.00% (+0.09)
Aug 13, 2024	2024 (Q2)	0.09 / 0.05	-0.018	372.22% (+0.07)
Apr 30, 2024	2024 (Q1)	0.03 / 0.04	-0.139	125.18% (+0.17)
Feb 29, 2024	2023 (Q4)	-0.04 / -0.36	-0.513	30.21% (+0.16)
Nov 07, 2023	2023 (Q3)	<0.01 / -0.03	-0.522	95.21% (+0.50)
Aug 01, 2023	2023 (Q2)	-0.06 / -0.02	-0.506	96.44% (+0.49)

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
Jul 31, 2025	$8.58	$8.65	+0.82%
May 08, 2025	$5.64	$5.85	+3.72%
Feb 27, 2025	$5.73	$5.58	-2.62%
Nov 05, 2024	$6.57	$6.74	+2.59%

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 Nov 11, 2025, TBA (Confirmed).

What is Melco Resorts & Entertainment (MLCO) earnings time?

Melco Resorts & Entertainment (MLCO) earnings time is at Nov 11, 2025, 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 2025 (Q3) is 0.12.

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