Here's What Key Metrics Tell Us About Melco (MLCO) Q1 Earnings

Core Insights - Melco Resorts reported revenue of $1.23 billion for Q1 2025, a year-over-year increase of 10.8% and a surprise of +0.76% over the Zacks Consensus Estimate of $1.22 billion [1] - The EPS for the same period was $0.12, compared to $0.04 a year ago, resulting in an EPS surprise of +1300.00% against a consensus estimate of -$0.01 [1] Financial Performance Metrics - Net Revenue for Mocha and Other was $30.60 million, exceeding the average estimate of $28.88 million, but showing a year-over-year decline of -4.1% [4] - Net Revenue for Altira Macau was $27.90 million, below the estimated $29.32 million, reflecting a -18.4% change year-over-year [4] - Net Revenue for City of Dreams Manila was $101.60 million, slightly below the estimated $104.11 million, with an -8.2% year-over-year change [4] - Net Revenue for Studio City was $354.50 million, surpassing the estimate of $342.36 million, with a +7% year-over-year change [4] - Net Revenue for City of Dreams was $658.10 million, exceeding the average estimate of $634.14 million, representing a +19.5% year-over-year change [4] Adjusted EBITDA Performance - Adjusted EBITDA for Mocha and Other was $6.79 million, above the estimate of $5.99 million [4] - Adjusted EBITDA for Altira Macau was -$0.69 million, better than the estimate of -$0.80 million [4] - Adjusted EBITDA for City of Dreams was $195.91 million, exceeding the average estimate of $171.42 million [4] - Adjusted EBITDA for Studio City was $97.32 million, surpassing the estimate of $85.12 million [4] - Adjusted EBITDA for City of Dreams Manila was $30.06 million, below the estimate of $38.24 million [4] - Adjusted EBITDA for Corporate and Others Expenses was -$28.33 million, slightly worse than the estimate of -$27 million [4] - Adjusted EBITDA for Cyprus Operations was $11.61 million, below the average estimate of $12.53 million [4] Stock Performance - Melco's shares have returned +10.8% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]