Melco International Development (00200): Melco Resorts Entertainment Q3 Total Operating Revenue of US$1.17 Billion, Down About 10% Year-on-Year

Stock News11-04

Melco International Development (00200) has announced that its listed subsidiary Melco Resorts Entertainment recorded total operating revenue of US$1.17 billion for the third quarter of 2026, a decrease of approximately 10% compared with US$1.31 billion in the same period of 2025.

The decline in total operating revenue was mainly attributable to weaker performance in VIP and mass-market table gaming operations as well as overall non-gaming operations.

Operating income for the third quarter of 2026 was US$100.2 million, compared with US$184.5 million in the third quarter of 2025.

Melco Resorts Entertainment's adjusted property EBITDA for the third quarter of 2026, defined as net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs, property charges and others, share-based compensation, payments to the Philippine counterparties under the cooperation arrangement, integrated resort and casino rent, corporate and other expenses, and other non-operating income and expenses, was US$287.6 million, compared with US$380.4 million in the third quarter of 2025.

Net income attributable to Melco Resorts Entertainment for the third quarter of 2026 was US$34,000, or US$0.00009 per American Depositary Share, compared with US$74.7 million, or US$0.19124 per American Depositary Share, in the third quarter of 2025.

Net losses attributable to non-controlling interests for the third quarters of 2026 and 2025 were US$9.1 million and US$12.6 million, respectively, mainly due to Studio City and City of Dreams Mediterranean and others.

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