Melco Resorts & Entertainment Limited is a company focused on the development, ownership, and operation of casino gaming and luxury resort complexes ...
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Est. EPS $0.10 · Revenue $1.29B · 2 analysts
Est. EPS $0.10 · Revenue $1.34B · 2 analysts
Est. EPS $0.44 · Revenue $5.28B · 5 analysts
Est. EPS $0.12 · Revenue $1.30B · 1 analysts
EPS $0.06 · Revenue $1.25B
EPS $0.20 · Revenue $1.37B
EPS $0.45 · Revenue $5.16B
EPS $0.19 · Revenue $1.31B
EPS $0.04 · Revenue $1.33B
EPS $0.08 · Revenue $1.23B
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $5.2B | +11.3% | -8.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $185.0M | +325.0% | -70.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +36.7% | +2.4% | -10.4% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +11.6% | +11.3% | -22.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +3.6% | +281.8% | -67.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $476.1M | +46.3% | — |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +9.2% | +31.4% | — |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -563.5% | -0.2% | +21.5% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.07x | -10.7% | +21.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $7.6B | -4.9% | -0.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.45 vs 0.43 | +3.8% | 0.06 vs 0.10 | -41.0% |
| Revenue Surprise | $5.2B vs $5.2B | +0.2% | $1.3B vs $1.3B | -2.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | DAVIS GEOFFREY STUART | officer: Chief Financial Officer | Ordinary shares | D | 55,512 | $1.93 |
| May 8, 2026 | TSUI YIU WA ALEC | director | Ordinary shares | A | 97,767 | — |
| May 8, 2026 | Chung Clarence YM | director | Ordinary shares | A | 328,212 | — |
| May 8, 2026 | Kuzdowicz Amy L. | officer: Principal Accounting Officer | Ordinary shares | A | 111,735 | — |
| May 8, 2026 | Wang John Peter Ben | director | Ordinary shares | A | 97,767 | — |
Operator: Ladies and gentlemen, thank you for participating in the Second Quarter 2026 Earnings Conference Call of Melco Resorts & Entertainment Limited. [Operator Instructions] Today's conference is being recorded. I would now like to turn the call over to Ms. Jeanny Kim, Senior Vice President, Group Treasurer of Melco Resorts & Entertainment Limited. Jeanny Kim: Thank you, operator. Thank you, everybody, for joining us today for our second quarter 2026 earnings call. On the call are Lawrence Ho; Geoff Davis; Evan Winkler; and our Property Presidents in Macau, Manila and Cyprus. Before we get started, please note that today's discussion may contain forward-looking statements made under the safe harbor provisions of federal securities laws. Our actual results could differ from our anticipated results. In addition, we may discuss non-GAAP measures. Definitions and reconciliations of each of these measures to the most comparable GAAP financial measures are included in the earnings release. Finally, please note that our supplementary earnings slides are posted on our Investor Relations website. With that, I'll now turn the call over to Mr. Lawrence Ho. Yau Ho: Thank you, Jeanny, and thank you all for joining us today. We're confident in the long-term strength of our business and our outlook for the remainder of 2026 in Macau. Despite near-term headwinds that are reflected in our second quarter results, our priorities remain unchanged: to deepen customer engagement, attract high-quality visitation, and continue investing in our properties to anticipate the changing needs and preferences of our guests. The opening of REM marked an important milestone in the continued evolution of City of Dreams, delivering a distinctive new experience for our guests, which we believe is not available anywhere else in Macau. We continue to take steps to operate more efficiently and strengthen our business. Together with the phased opening of REM, these initiatives position us well to capture the growth in demand. We continue to enhance the gaming experience across our portfolio. We opened a new gaming area with 18 tables at City of Dreams near the Southwest entrance at the end of July. Its convenient location along the main Cotai Strip with easy accessibility is expected to attract incremental visitation, particularly from walk-in patrons. The benefits of the convenient access to games has been a proven success with our 15-table gaming area near the Grand Hyatt entrance, which we opened in October 2025. We're also commencing a revamp of the retail areas at City of Dreams in Macau. The redesign area will create a seamless loop across the property, introducing a more carefully curated mix of luxury offerings with differentiated elements. The completion of this retail revamp will allow us to deliver the full integrated resort experience at City of Dreams that will be uniquely Melco. Competition remains elevated, resulting in a demanding cost environment. We're focused on …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Akiko Takahashi | Executive Vice President and Chief of Staff to Chairman & Chief Executive Officer | Female | 1953 | Active |
Jeanny Kim | Senior Vice President & Group Treasurer | Female | — | Active |
Evan Andrew Winkler | President & Director | Male | 1975 | Active |
Geoffrey Stuart Davis | Executive Vice President & Chief Financial Officer | Male | 1969 | Active |
Graham Paul Winter | Executive VP, Company Secretary & Chief Legal Officer | Male | 1965 | Active |
Yau Lung | Founder, Chairman & Chief Executive Officer | Male | 1977 | Active |
Chimmy Leung | Executive Director of Corporate Communications | Female | — | Active |
David Ross Sisk | Chief Operating Officer of Macau Resorts | Male | 1962 | Active |
Melco Resorts & Entertainment NASDAQ: MLCO reported group-wide adjusted property EBITDA of approximately $304 million for the second quarter of 2026, as lower-than-expected visitation and an unfavorable VIP win rate weighed on margins in Macau.
The headline numbers for Melco (MLCO) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Melco Resorts & Entertainment Limited (MLCO) Q2 2026 Earnings Call Transcript
Melco Resorts (MLCO) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.23 per share a year ago.
MACAU, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco Resorts” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the second quarter of 2026.
