Melco International's Nasdaq-listed Unit Narrows Q4 Loss

MT Newswires Live02-28

Melco International Development's (HKG:0200) subsidiary Melco Resorts & Entertainment reported an attributable net loss of $20.3 million for the fourth quarter of 2024, down from $205.9 million a year earlier.

The Nasdaq-listed casino operator's loss per share narrowed to $0.016 from $0.157 in the year-ago period.

Total operating revenue rose 9% to $1.19 billion from $1.09 billion in the previous year quarter, according to a Thursday filing with the Hong Kong bourse.

For the year that ended Dec. 31, 2024, the company reported an attributable net income of $43.5 million, or EPS of $0.034, while annual revenue stood at $4.64 billion.

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