Macau's Melco Resorts' Q1 revenue rises 11% on mass market gains

Melco Resorts & Entertainment

30/04/2026 13:39

Overview

Macau-based integrated resort operator's Q1 revenue rose 11% yr/yr on improved mass market operations

Q1 adjusted property EBITDA up 12% yr/yr, driven by mass market and non-gaming growth

Company announced new $500 mln share repurchase program and completed $13.8 mln in buybacks

Outlook

Company continues to focus on profitability and competitive positioning with key growth initiatives

Result Drivers

MASS MARKET GROWTH - Improved mass market operations, especially in Macau, were the primary driver of revenue and profit growth

NON-GAMING REVENUE - Higher non-gaming revenues contributed to year-over-year growth, especially at City of Dreams

CYPRUS TOURISM IMPACT - Results in Cyprus were adversely affected by lower tourism arrivals due to Middle East conflicts

Company press release: ID:nGNX6JSBjJ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
$1.37 bln
Q1 EPS
$0.07
Q1 Net Income
$70.88 mln
Q1 Adjusted EBITDA
Beat
$381 mln
$310.14 mln (2 Analysts)
Q1 Operating Income
$178.98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Melco Resorts & Entertainment Ltd is $9.40, about 70.9% above its April 29 closing price of $5.50

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)