Melco Resorts & Entertainment (NASDAQ:MLCO) Issues Earnings Results

Posted by Francis Steltz on Aug 14th, 2026

Melco Resorts & Entertainment (NASDAQ:MLCO – Get Free Report) announced its earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06, Briefing.com reports. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. Melco Resorts & Entertainment had a net margin of 4.33% and a negative return on equity of 32.60%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 earnings per share.

Here are the key takeaways from Melco Resorts & Entertainment’s conference call:

Macau faced near-term pressure in Q2 from lower-than-expected visitation, World Cup-related substitution of gaming spend, and an unfavorable City of Dreams Macau VIP win rate of 2.7% versus 3.9% a year earlier. Group adjusted property EBITDA was approximately $304 million, or $312 million excluding VIP hold effects.
Management said post-World Cup trends improved in late July and early August, with customers returning and playing volumes normalizing. Macau daily operating expenses remained controlled at roughly HKD 3.3–3.4 million, including House of Dancing Water, despite the upcoming REM ramp-up.
REM has soft-opened and is scheduled for a grand opening after Golden Week in October; management views the differentiated luxury product, new gaming areas, and City of Dreams retail revamp as catalysts for visitation and customer engagement. However, retail construction is expected to disrupt the property through approximately June 2027.
The company’s non-Macau portfolio continued to grow, with City of Dreams Manila EBITDA up 9% year over year to $31 million, Cyprus EBITDA up 60%, and Sri Lanka generating positive EBITDA of $3.5 million as its casino operations ramp.
Melco reported approximately $2.8 billion of available liquidity and extended and upsized its revolving credit facility to $2.8 billion through June 2031, supporting financial flexibility. The company repurchased approximately 22.4 million ADSs during the quarter and now expects to recommence a substantive dividend in 2027, while the 2027 debt maturities remain under review.

Melco Resorts & Entertainment Stock Down 0.4%

Shares of NASDAQ MLCO opened at $5.50 on Friday. The firm has a 50-day simple moving average of $5.47 and a 200-day simple moving average of $5.64. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 3.45 and a beta of 0.59. Melco Resorts & Entertainment has a 52 week low of $5.07 and a 52 week high of $10.15.

Analyst Ratings Changes

A number of research analysts recently weighed in on MLCO shares. CLSA raised shares of Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating and decreased their price target for the company from $6.10 to $6.00 in a research note on Friday, July 10th. Wall Street Zen lowered Melco Resorts & Entertainment from a “buy” rating to a “hold” rating in a research note on Sunday, June 28th. Susquehanna reduced their target price on Melco Resorts & Entertainment from $12.00 to $8.00 and set a “positive” rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Melco Resorts & Entertainment from $6.00 to $5.70 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Finally, CICC Research upgraded Melco Resorts & Entertainment to an “outperform” rating in a research report on Sunday, April 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Melco Resorts & Entertainment has an average rating of “Moderate Buy” and an average price target of $7.43.

View Our Latest Analysis on MLCO

Hedge Funds Weigh In On Melco Resorts & Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of MLCO. Invesco Ltd. raised its holdings in Melco Resorts & Entertainment by 20.7% in the 4th quarter. Invesco Ltd. now owns 34,011 shares of the company’s stock valued at $257,000 after acquiring an additional 5,840 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Melco Resorts & Entertainment by 13.1% during the 4th quarter. Mackenzie Financial Corp now owns 64,404 shares of the company’s stock worth $489,000 after purchasing an additional 7,438 shares during the last quarter. Numerai GP LLC boosted its holdings in shares of Melco Resorts & Entertainment by 162.3% during the 4th quarter. Numerai GP LLC now owns 111,833 shares of the company’s stock worth $847,000 after purchasing an additional 69,201 shares during the last quarter. Millennium Management LLC grew its position in shares of Melco Resorts & Entertainment by 583.0% in the fourth quarter. Millennium Management LLC now owns 188,280 shares of the company’s stock valued at $1,425,000 after purchasing an additional 160,715 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in shares of Melco Resorts & Entertainment in the fourth quarter valued at approximately $9,205,000. 39.62% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Melco Resorts & Entertainment

Here are the key news stories impacting Melco Resorts & Entertainment this week:

Neutral Sentiment: Melco reported quarterly EPS of $0.06, in line with the consensus estimate. The result confirms the company remained profitable, but it did not provide a positive earnings surprise. Melco Resorts Q2 Earnings Match Estimates
Neutral Sentiment: Management’s earnings call and the company’s official release offered additional detail on second-quarter operations and the outlook, but the reported headline results remained mixed. Melco Q2 2026 Earnings Call Transcript
Negative Sentiment: Revenue was $1.25 billion, slightly below the $1.26 billion analyst forecast and down 5.7% from the prior-year quarter. The shortfall suggests weaker-than-expected performance across Melco’s resort and gaming operations. Melco Q2 Earnings Key Metrics
Negative Sentiment: Despite meeting the EPS estimate, earnings were below the year-ago level, while the company reported a modest 4.33% net margin and negative return on equity of 32.60%. These figures reinforce concerns about profitability and capital efficiency. Melco Resorts Shares Fall on Q2 Results

Melco Resorts & Entertainment Company Profile

(Get Free Report)

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is a developer, owner and operator of integrated resort destinations in Asia and Europe. The company’s portfolio spans casino gaming, hotel accommodations, retail, dining and entertainment facilities. Melco’s properties feature a mix of luxury hotels, award-winning restaurants, high-limit gaming salons and entertainment venues, catering to a broad range of leisure and business travelers.

In Macau, Melco owns and operates flagship properties including City of Dreams Macau, Altira Macau and Studio City.

Earnings History for Melco Resorts & Entertainment (NASDAQ:MLCO)

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