Melco Resorts and Entertainment Ltd

Latest Results (09.10.2025):

Melco Resorts and Entertainment Ltd reported its unaudited financial results for the second quarter of 2025, showcasing a robust increase in total operating revenues and Adjusted Property EBITDA compared to the same period in 2024. While operating income saw a marginal rise, net income experienced a slight decline. The company's diverse portfolio of integrated resorts in Asia and Europe contributed to the overall growth, with notable performances from key properties like City of Dreams and Studio City.

Total Operating Revenues Rise 15%

For Q2 2025, Melco Resorts and Entertainment Ltd achieved total operating revenues of US$1.33 billion, marking a 15% increase from US$1.16 billion in Q2 2024. This growth was driven by improved performance in both gaming and non-gaming operations across the company's portfolio.

Adjusted Property EBITDA Surges to US$377.7 Million

The company's Adjusted Property EBITDA rose significantly to US$377.7 million in the second quarter of 2025, up from US$302.8 million in the same period last year. This increase reflects enhanced operational efficiencies and stronger margins across Melco's resorts.

Net Income Slightly Decreases

Net income attributable to Melco Resorts and Entertainment Limited for Q2 2025 was US$17.2 million, or US$0.04 per ADS, compared to US$21.4 million, or US$0.05 per ADS, in Q2 2024. The net loss attributable to noncontrolling interests also decreased to US$7.8 million from US$22.7 million year-over-year.

Strong Performances from Key Properties

City of Dreams reported total operating revenues of US$710.5 million for Q2 2025, up from US$576.4 million in Q2 2024, while Studio City saw operating revenues increase to US$388.2 million from US$352.3 million year-over-year. Both properties contributed significantly to the overall growth, with City of Dreams setting new records in mass market table games revenue.

Expansion and Strategic Initiatives

Melco's Chairman and CEO, Lawrence Ho, highlighted the successful implementation of strategic initiatives that have positioned the company for continued growth. The upcoming opening of City of Dreams Sri Lanka on August 1, 2025, is expected to expand Melco's footprint in South Asia, presenting new opportunities for the company.