Core Insights - Melco Resorts reported revenue of $1.31 billion for the quarter ended September 2025, reflecting an 11.4% increase year-over-year and a surprise of +1.91% over the Zacks Consensus Estimate of $1.29 billion [1] - The company's EPS was $0.21, significantly higher than the $0.08 reported in the same quarter last year, resulting in a surprise of +90.91% compared to the consensus EPS estimate of $0.11 [1] Financial Performance - Total segment operating revenues for Mocha and Other were $28.6 million, exceeding the estimated $26.26 million but showing a -6.5% change year-over-year [4] - Altira Macau reported total segment operating revenues of $25.6 million, below the estimated $28.67 million, with a -16.1% change compared to the previous year [4] - City of Dreams generated $672.6 million in total segment operating revenues, slightly below the estimated $681.54 million, but showing a +19.3% year-over-year increase [4] - Studio City reported total segment operating revenues of $375.3 million, slightly below the estimated $387.7 million, with a +2.9% change year-over-year [4] - City of Dreams Manila had total segment operating revenues of $110.7 million, exceeding the estimated $105.64 million, but reflecting a -6.9% change year-over-year [4] - City of Dreams Mediterranean and Other reported total segment operating revenues of $85.8 million, surpassing the estimated $74.74 million, with a +33.2% year-over-year increase [4] Adjusted EBITDA - Adjusted EBITDA for Mocha and Other was $5.77 million, exceeding the average estimate of $4.92 million [4] - Studio City reported adjusted EBITDA of $104.67 million, slightly below the average estimate of $104.97 million [4] - City of Dreams Manila's adjusted EBITDA was $41.26 million, surpassing the average estimate of $32.24 million [4] - City of Dreams reported adjusted EBITDA of $206.88 million, exceeding the average estimate of $200.11 million [4] - City of Dreams Mediterranean and Other had adjusted EBITDA of $23.17 million, significantly above the average estimate of $12.94 million [4] - Corporate and Other reported adjusted EBITDA of -$28.46 million, slightly worse than the estimated -$28.5 million [4] Stock Performance - Melco's shares have returned -3.3% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Melco Resorts & Entertainment Limited reported a total operating revenue of US$1.31 billion for Q3 2025, marking an 11% increase from US$1.18 billion in Q3 2024, driven by improved gaming and non-gaming performance [2][4] - The company's operating income rose to US$184.5 million in Q3 2025 from US$138.6 million in Q3 2024, indicating strong operational efficiency [2][4] - Adjusted Property EBITDA increased to US$380.4 million in Q3 2025, up from US$322.6 million in the same quarter of the previous year, reflecting enhanced profitability [3] Financial Performance - Net income attributable to Melco for Q3 2025 was US$74.7 million, or US$0.19 per ADS, compared to US$27.3 million, or US$0.06 per ADS, in Q3 2024 [4] - The company reported a net loss attributable to noncontrolling interests of US$12.6 million in Q3 2025, down from US$14.6 million in Q3 2024 [4] - Total cash and bank balances as of September 30, 2025, were US$1.61 billion, including US$125.2 million of restricted cash [32] Gaming Operations - Rolling chip volume increased to US$5.58 billion in Q3 2025 from US$3.30 billion in Q3 2024, with a win rate of 3.68% compared to 3.97% in the previous year [7] - Mass market table games drop rose to US$1.66 billion in Q3 2025 from US$1.40 billion in Q3 2024, with a hold percentage of 29.8% [8] - Gaming machine handle for Q3 2025 was US$1.04 billion, up from US$0.94 billion in Q3 2024, maintaining a win rate of 3.2% [8] Non-Gaming Revenue - Total non-gaming revenue at City of Dreams was US$94.8 million in Q3 2025, compared to US$78.7 million in Q3 2024 [9] - Non-gaming revenue at Studio City was US$85.9 million in Q3 2025, slightly down from US$89.3 million in Q3 2024 [12] - Non-gaming revenue at City of Dreams Mediterranean and Other increased to US$30.4 million in Q3 2025 from US$25.0 million in Q3 2024 [28] Regional Performance - In the Philippines, Property EBITDA grew 45% quarter-over-quarter, while in Cyprus, City of Dreams Mediterranean and satellite casinos achieved a 53% year-over-year increase in Property EBITDA [6] - City of Dreams Manila reported total operating revenues of US$110.7 million in Q3 2025, down from US$118.9 million in Q3 2024, with a decrease in both gaming machine and non-gaming operations [20][23] - Studio City saw total operating revenues of US$375.3 million in Q3 2025, compared to US$364.7 million in Q3 2024, with Adjusted EBITDA rising to US$104.7 million [10] Capital Expenditures and Debt Management - Capital expenditures for Q3 2025 were US$67.6 million, focusing on enhancement projects at City of Dreams and Studio City [37] - Total debt at the end of Q3 2025 was US$7.35 billion, with significant repayments made during the quarter [32][34] - Available liquidity, including cash and undrawn revolving credit facilities, was approximately US$2.60 billion as of September 30, 2025 [36]

Core Viewpoint - Melco Resorts & Entertainment (MLCO) shows positive financial growth with a significant increase in revenue and net profit, indicating strong operational performance and market confidence [1][2]. Financial Performance - As of June 30, 2025, Melco Resorts reported total revenue of $2.561 billion, representing a year-over-year growth of 12.7% [1]. - The company's net profit attributable to shareholders reached $49.724 million, marking a substantial increase of 36.01% compared to the previous year [1]. Stock Performance - On August 20, the stock price of Melco Resorts increased by 2.1%, closing at $8.77 per share, with a trading volume of $5.1779 million and a total market capitalization of $3.424 billion [1]. Analyst Ratings - On August 1, Melco Resorts received a target price upgrade from Citigroup to $11.5, with a current rating of "Buy" [2]. Business Operations - Melco Resorts operates integrated resort businesses in Asia and Europe, including Altira Macau and City of Dreams in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2]. - The company is also developing the Mediterranean City of Dreams in Cyprus, which is expected to become the largest integrated resort in Europe, alongside operating a temporary casino and four satellite casinos [2].

Core Viewpoint - Melco Resorts & Entertainment (MLCO) shows positive financial growth with a significant increase in revenue and net profit, indicating strong operational performance and market confidence [1][2]. Financial Performance - As of June 30, 2025, Melco Resorts reported total revenue of $2.561 billion, representing a year-on-year growth of 12.7% [1]. - The company's net profit attributable to shareholders reached $49.724 million, marking a substantial increase of 36.01% compared to the previous year [1]. Stock Performance - On August 12, MLCO's stock price increased by 2.08%, reaching $8.82 per share, with a trading volume of $2.9661 million and a total market capitalization of $3.443 billion [1]. Analyst Ratings - On August 1, Melco Resorts received a target price upgrade from Citigroup to $11.5, with a current rating of Buy [2]. Business Operations - Melco Resorts operates integrated resort businesses in Asia and Europe, including Altira Macau and City of Dreams in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2]. - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, alongside operating a temporary casino and four satellite casinos [2].

Group 1 - The core viewpoint of the news is that Melco Resorts & Entertainment (MLCO) has shown positive financial performance, with a significant increase in revenue and net profit, indicating potential growth opportunities for investors [1][3] - As of August 1, MLCO's stock opened at $8.87 per share, reflecting a 2.54% increase, with a total market capitalization of $3.463 billion [1] - Financial data reveals that for the period ending March 31, 2025, MLCO's total revenue reached $1.232 billion, representing a year-on-year growth of 10.78%, while the net profit attributable to shareholders was $32.532 million, marking a substantial increase of 114.45% [1] Group 2 - Melco Resorts & Entertainment operates integrated resort businesses in Asia and Europe, including Altira Macau and Studio City in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2] - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, and currently operates the first authorized casino in Cyprus along with four satellite casinos [2]

Core Insights - Melco Resorts reported revenue of $1.33 billion for Q2 2025, a 14.5% year-over-year increase, with an EPS of $0.23 compared to $0.06 a year ago, indicating strong financial performance [1] - The revenue exceeded the Zacks Consensus Estimate of $1.25 billion by 6.01%, and the EPS surpassed the consensus estimate of $0.09 by 155.56% [1] Financial Performance Metrics - Average Daily Rate for City of Dreams Manila was $164.00, slightly above the estimated $163.50 [4] - Revenue Per Available Room for City of Dreams Manila was $156.00, below the estimated $158.53 [4] - Occupancy Rate for City of Dreams Manila was 95%, lower than the average estimate of 97% [4] - Total segment operating revenues for Mocha and Other were $27.9 million, below the estimate of $28.77 million, representing a year-over-year decline of 9.1% [4] - Total segment operating revenues for Altira Macau were $28.3 million, exceeding the estimate of $27.72 million, but down 3.4% year-over-year [4] - Total segment operating revenues for City of Dreams were $710.5 million, surpassing the estimate of $672.72 million, reflecting a 23.3% year-over-year increase [4] - Total segment operating revenues for Studio City were $388.2 million, above the estimate of $372.61 million, marking a 10.2% year-over-year increase [4] - Total segment operating revenues for City of Dreams Manila were $98.5 million, slightly below the estimate of $98.89 million, with a year-over-year decline of 9.6% [4] - Total segment operating revenues for Cyprus Operations were $72.3 million, exceeding the estimate of $61.72 million, showing a 23.2% year-over-year increase [4] - Adjusted EBITDA for Mocha and Other was $5.21 million, below the average estimate of $6.21 million [4] - Adjusted EBITDA for Altira Macau was $0.84 million, significantly better than the estimated -$0.31 million [4] - Adjusted EBITDA for City of Dreams was $225.64 million, exceeding the estimate of $188.99 million [4] Stock Performance - Melco's shares returned +1.8% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Melco Resorts & Entertainment Limited reported a strong financial performance for the second quarter of 2025, with total operating revenues increasing by approximately 15% year-over-year, driven by improved gaming and non-gaming operations. Financial Performance - Total operating revenues for Q2 2025 were US$1.33 billion, up from US$1.16 billion in Q2 2024 [2] - Operating income for Q2 2025 was US$124.7 million, slightly higher than US$123.7 million in Q2 2024 [2] - Adjusted Property EBITDA reached US$377.7 million in Q2 2025, compared to US$302.8 million in Q2 2024 [3] Net Income - Net income attributable to Melco for Q2 2025 was US$17.2 million, or US$0.04 per ADS, down from US$21.4 million, or US$0.05 per ADS, in Q2 2024 [4] - The net loss attributable to noncontrolling interests was US$7.8 million in Q2 2025, compared to US$22.7 million in Q2 2024 [4] Gaming Operations - Rolling chip volume increased to US$5.49 billion in Q2 2025 from US$4.83 billion in Q2 2024, with a win rate of 3.93% compared to 2.99% [8] - Mass market table games drop rose to US$1.75 billion in Q2 2025 from US$1.46 billion in Q2 2024, with a hold percentage of 30.5% [9] - Gaming machine handle was US$945.3 million in Q2 2025, up from US$902.3 million in Q2 2024, with a win rate of 3.0% [9] Non-Gaming Revenue - Total non-gaming revenue at City of Dreams was US$88.1 million in Q2 2025, compared to US$80.4 million in Q2 2024 [10] - Non-gaming revenue at Studio City was US$83.8 million in Q2 2025, up from US$80.4 million in Q2 2024 [14] Regional Performance - In the Philippines, competitive pressures continue to affect performance, but initiatives are being implemented to improve results [6] - City of Dreams Mediterranean and satellite casinos showed solid results despite regional challenges, with total operating revenues of US$72.3 million in Q2 2025, up from US$58.7 million in Q2 2024 [25] Capital Expenditures and Financial Position - Capital expenditures for Q2 2025 were US$95.9 million, focusing on enhancement projects and the new City of Dreams Sri Lanka [35] - Total cash and bank balances as of June 30, 2025, were US$1.24 billion, with total debt of US$7.16 billion [33]

Core Viewpoint - Melco Resorts & Entertainment (MLCO) shows positive financial growth with a significant increase in revenue and net profit, indicating strong operational performance and market confidence [1][2]. Financial Performance - As of March 31, 2025, Melco Resorts reported total revenue of $1.232 billion, representing a year-on-year growth of 10.78% [1]. - The company's net profit attributable to shareholders reached $32.532 million, marking a substantial increase of 114.45% compared to the previous year [1]. Stock Performance and Analyst Ratings - On July 26, MLCO's stock price increased by 2.1%, reaching $8.995 per share, with a trading volume of $7.8143 million and a total market capitalization of $3.699 billion [1]. - On July 1, Morgan Stanley upgraded Melco Resorts' rating to Overweight and raised the target price to $9.50 [2]. Business Operations - Melco Resorts operates integrated entertainment resorts in Asia and Europe, including Altira Macau and City of Dreams in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2]. - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, and currently operates a temporary casino in Cyprus [2].

Core Viewpoint - Melco Resorts & Entertainment (MLCO) has shown positive financial performance with a significant increase in revenue and net profit, indicating strong growth potential in the integrated resort sector [1][2]. Financial Performance - As of March 31, 2025, Melco Resorts reported total revenue of $1.232 billion, representing a year-on-year growth of 10.78% [1]. - The company's net profit attributable to shareholders reached $32.532 million, marking a substantial increase of 114.45% compared to the previous year [1]. Stock Performance and Ratings - On July 1, 2023, Melco Resorts received an upgraded rating from JPMorgan to Overweight, with a target price raised to $9.50 [2]. - On July 18, 2023, the stock price increased by 2.55%, reaching $9.035 per share, with a trading volume of $14.1994 million and a total market capitalization of $3.715 billion [1]. Business Operations - Melco Resorts operates integrated resort businesses in Asia and Europe, including Altira Macau and City of Dreams in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2]. - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, and currently operates a temporary casino in Cyprus [2].

Group 1 - The core viewpoint of the news highlights the financial performance and stock market activity of Melco Resorts & Entertainment (MLCO), indicating a positive growth trajectory in revenue and net profit [1] - As of July 14, MLCO's stock price increased by 2.01% to $8.875 per share, with a total market capitalization of $3.649 billion [1] - Financial data shows that for the period ending March 31, 2025, MLCO's total revenue reached $1.232 billion, representing a year-on-year growth of 10.78%, while net profit attributable to shareholders was $32.532 million, reflecting a significant increase of 114.45% [1] Group 2 - Melco Resorts & Entertainment operates integrated resort businesses in Asia and Europe, including Altira Macau and Studio City in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2] - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, and currently operates the first authorized casino in Cyprus along with four satellite casinos [2] - The company plans to cease operations of its temporary casino in Cyprus once the Mediterranean Dream City opens [2]