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Here's What Key Metrics Tell Us About Melco (MLCO) Q1 Earnings
MLCOMelco Resorts & Entertainment(MLCO) ZACKS·2025-05-08 16:00

Core Insights - Melco Resorts reported revenue of 1.23billionforQ12025,ayear−over−yearincreaseof10.81.23 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,comparedto0.12, compared to 0.04 a year ago, resulting in an EPS surprise of +1300.00% against a consensus estimate of -0.01[1]FinancialPerformanceMetrics−NetRevenueforMochaandOtherwas0.01 [1] Financial Performance Metrics - Net Revenue for Mocha and Other was 30.60 million, exceeding the average estimate of 28.88million,butshowingayear−over−yeardeclineof−4.128.88 million, but showing a year-over-year decline of -4.1% [4] - Net Revenue for Altira Macau was 27.90 million, below the estimated 29.32million,reflectinga−18.429.32 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 104.11million,withan−8.2104.11 million, with an -8.2% year-over-year change [4] - Net Revenue for Studio City was 354.50 million, surpassing the estimate of 342.36million,witha+7342.36 million, with a +7% year-over-year change [4] - Net Revenue for City of Dreams was 658.10 million, exceeding the average estimate of 634.14million,representinga+19.5634.14 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 5.99million[4]−AdjustedEBITDAforAltiraMacauwas−5.99 million [4] - Adjusted EBITDA for Altira Macau was -0.69 million, better than the estimate of -0.80million[4]−AdjustedEBITDAforCityofDreamswas0.80 million [4] - Adjusted EBITDA for City of Dreams was 195.91 million, exceeding the average estimate of 171.42million[4]−AdjustedEBITDAforStudioCitywas171.42 million [4] - Adjusted EBITDA for Studio City was 97.32 million, surpassing the estimate of 85.12million[4]−AdjustedEBITDAforCityofDreamsManilawas85.12 million [4] - Adjusted EBITDA for City of Dreams Manila was 30.06 million, below the estimate of 38.24million[4]−AdjustedEBITDAforCorporateandOthersExpenseswas−38.24 million [4] - Adjusted EBITDA for Corporate and Others Expenses was -28.33 million, slightly worse than the estimate of -27million[4]−AdjustedEBITDAforCyprusOperationswas27 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]