The earnings call presented a strong performance in Macau with record market share and successful events driving visitation. While there are challenges in the Philippines and high-end retail, disciplined cost management and strategic share buybacks underscore a positive outlook.
Company Guidance
During the first quarter of 2025, Melco Resorts & Entertainment Limited reported several notable metrics, demonstrating strong performance and growth prospects. The company's market share in Macau increased from 14.7% in Q4 2024 to 15.7% in Q1 2025, while property visitation surged by 30% year-on-year during the May Golden Week. Mass drop at City of Dreams rose by over 20% compared to the previous year, contributing to a 12% year-on-year increase in rated deal win across their Macau properties. Studio City property EBITDA grew by 20% quarter-to-quarter, reflecting the impact of completed renovations. Group-wide adjusted property EBITDA was approximately $341 million, with a targeted daily operating expense reduction to $3.0 million by the end of Q2 2025. The company maintained robust liquidity with $3.3 billion available and repurchased $165 million in shares, emphasizing a balanced capital allocation strategy. Additionally, City of Dreams Mediterranean and Cyprus achieved a 10% year-over-year growth in property EBITDA.
Record Market Share Growth in Macau
Melco Resorts' market share in Macau increased from 14.7% in 4Q 2024 to 15.7% in 1Q 2025, reaching record highs in mass drop at City of Dreams and Studio City.
Strong Visitation and Event Success
Property visitation grew by 30% year-on-year during May Golden Week. House of Dancing Water was relaunched successfully, expected to drive further visitation.
Improved EBITDA and Cost Management
Studio City property EBITDA increased 20% quarter-to-quarter. Group-wide adjusted property EBITDA for the first quarter was approximately $341 million, with reduced OpEx of $3.1 million per day.
Successful Share Buyback
Repurchased approximately $165 million in MLCO ADSs in 2025, capitalizing on low market valuations.
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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
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
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MLCO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
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%
Aug 13, 2024
$5.39
$5.17
-4.08%
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.
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FAQ
When does Melco Resorts & Entertainment (MLCO) report earnings?
Melco Resorts & Entertainment (MLCO) is schdueled to report earning on Aug 13, 2025, TBA Not Confirmed.
What is Melco Resorts & Entertainment (MLCO) earnings time?
Melco Resorts & Entertainment (MLCO) earnings time is at Aug 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.