Earnings ·
Melco Resorts reports Q3 revenue of $1.17B, down 10% YoY as operating income falls to $100.2M
MLCOMelco Resorts & Entertainment Ltd
Melco Resorts & Entertainment Limited reported unaudited third quarter 2026 total operating revenues of US$1.17 billion, a decrease of approximately 10% from US$1.31 billion in the prior year period. Operating income declined to US$100.2 million from US$184.5 million, driven by softer performance in rolling chip and mass market table games as well as non-gaming operations. Adjusted Property EBITDA fell to US$287.6 million from US$380.4 million. Net income attributable to the company dropped sharply to US$34 thousand, or $0.00009 per ADS, compared with US$74.7 million in the same period last year. The company also announced the renewal of the Studio City land concession for ten years and disclosed share repurchases of approximately 33.1 million ADSs for US$160.0 million during the quarter.