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Dec 31, 2025
Melco Resorts Q4 2025 Earnings Report
Melco Resorts Q4 2023 Earnings Report
Key Takeaways
Melco Resorts & Entertainment Limited reported a strong fourth quarter and full fiscal year 2023, with significant year-over-year increases in operating revenues and Adjusted Property EBITDA, primarily driven by the recovery in Macau and the opening of City of Dreams Mediterranean.
Operating revenues for Q4 2023 increased by 220.6% year-over-year to $1.09 billion.
Net income attributable to Melco Resorts for Q4 2023 was $103.0 million, a substantial improvement from a net loss in the prior year.
Adjusted Property EBITDA for Q4 2023 reached $303.0 million, up from $49.4 million in Q4 2022.
Total debt net was $7.4 billion as of December 31, 2023.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Melco Resorts anticipates continued recovery and growth, particularly in Macau, with a focus on optimizing operations and leveraging new developments like City of Dreams Mediterranean. The company expects to maintain a strong liquidity position.
Positive Outlook
- Continued strong recovery in Macau's gaming market.
- Positive contribution from City of Dreams Mediterranean.
- Focus on operational efficiency and cost management.
- Strong liquidity position to support ongoing operations and strategic initiatives.
- Anticipated growth in mass market and premium mass segments.
Challenges Ahead
- Potential for ongoing macroeconomic uncertainties affecting consumer spending.
- Intense competition within the integrated resort market.
- Regulatory changes in gaming jurisdictions could impact operations.
- Geopolitical tensions could affect travel and tourism.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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