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MLCO · NASDAQ · Gambling, Resorts & Casinos

Melco Resorts & Entertainment (ADR)

Operates integrated resorts in Macau, Manila, Cyprus, and Sri Lanka.

$5.32

After-hours close−0.00 (−0.09%)

At close$5.33(+3.00%)

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Profile

Melco Resorts & Entertainment LimitedMLCOConsumer Discretionary

Operates casino-led integrated resorts combining hotels, entertainment, dining, retail, and gaming. Its City of Dreams, Studio City, Altira Macau, and Mocha offerings are concentrated in Macau, alongside City of Dreams operations in Manila, Cyprus, and Sri Lanka.

Builds and operates casino-led integrated resorts that pair gaming with luxury accommodation, entertainment, dining, retail, and other non-gaming attractions. Its Macau portfolio includes City of Dreams, Altira Macau, Studio City, and Mocha electronic-gaming-machine venues.

Beyond Macau, it operates and manages City of Dreams Manila, runs City of Dreams Mediterranean and Cyprus satellite casinos, and has a casino and hotel-management arrangement at City of Dreams Sri Lanka. Macau and the Philippines supply a substantial portion of cash flow, while Cyprus is a smaller contributor.

The Macau business depends on a gaming concession running through 2032, and operations remain exposed to regulatory compliance, regional travel, and visitation. The listed parent conducts most operations through subsidiaries and relies on their earnings, cash flow, and distributions.

Company facts

CEOLawrence Ho Yau Lung

ListedDec 19, 2006

ExchangeNASDAQ

HeadquartersHong Kong, Hong Kong

CountryHong Kong

Employees22,961

CIK0001381640

ISINUS5854641009

Key statistics

Market cap$2.07B

EPS (ttm)$0.5985

P/E (ttm)8.89

ROE-17.4%

P/B−1.26

P/S0.3951

Dividend yield—

Beta0.63vs XLY 0.09

Year to date −29.1% · Average volume (30d) 1.5M

Analysts

Price target, next 12 months$6.50+22.2%Median of 18 analysts · vs the Aug 28 close

ConsensusBuy15 of 18 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $5.32

High$8.50+59.8%

Median$6.50+22.2%

Low$6.00+12.8%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Aug 17, 2026	CBRE	Reiterate		Buy		$8.50
Aug 14, 2026	Susquehanna	Reiterate		Positive	$8	$7
Aug 12, 2026	Susquehanna	Reiterate		Positive		$8
Jul 10, 2026	CLSA	Upgrade	Hold	Outperform	$6.10	$6
Jun 22, 2026	Morgan Stanley	Downgrade	Overweight	Negative	$9.60	$6

Earnings

EPS

Estimate$0.10

ReportedDue Nov 5, 2026

Revenue

Estimate$1.29B

ReportedDue Nov 5, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 13, 2026Q2 FY26	$0.06	$0.06	0.0%	$1.26B	$1.25B	−1.0%	−0.36%
Apr 30, 2026Q1 FY26	$0.13	$0.21	+61.5%	$1.32B	$1.37B	+3.6%	−5.37%
Feb 12, 2026Q4 FY25	$0.12	$0.14	+16.7%	$1.27B	$1.29B	+1.6%	+2.60%
Nov 6, 2025Q3 FY25	$0.11	$0.21	+90.9%	$1.27B	$1.31B	+3.0%	+1.07%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$1.23B	$1.33B	$1.31B	$1.29B	$1.37B	$1.25B
Gross profit	$459.1M	$457.0M	$508.4M	$474.4M	$373.2M	$305.9M
Operating income	$144.9M	$124.7M	$184.5M	$146.4M	$182.6M	$129.3M
Net income	$32.5M	$17.2M	$74.7M	$60.6M	$77.1M	$22.7M
Diluted EPS	$0.08	$0.04	$0.19	$0.15	$0.20	$0.06
Gross margin	37.3%	34.4%	38.8%	36.7%	27.2%	24.4%
Operating margin	11.8%	9.4%	14.1%	11.3%	13.3%	10.3%

Fiscal years (4-quarter sums)FY21 $2.01B · FY22 $1.35B · FY23 $3.78B · FY24 $4.64B · FY25 $5.16B

Revenue by product · FY25

Casino$4.25B · 82%

Occupancy$444.0M · 9%

Food And Beverage$290.7M · 6%

Entertainment Retail And Other$181.6M · 4%

Revenue by geography · FY25

Macao$4.43B · 86%

Philippines$411.1M · 8%

Cyprus$300.2M · 6%

Balance sheet, Jun 30, 2026Cash & short-term investments $912.9M · Total debt $7.31B · Total assets $7.37B · Shareholders' equity −$1.64B

Dividends

No dividends on record.

Ownership

Institutions 27.14%Insiders —

Shares outstanding 388.29M · Float —

Float — provider float is below the insider stake.

Insiders — filings are in the shares behind the receipt.

This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.

The provider's float is smaller than the insider stake it should exclude, so it is not shown.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
Melco International Development Limited	687.36M	56.30%	13D	Jul 10, 2026
Arga Investment Management, LP	12.41M	3.19%	13F	Jul 31, 2026
Citadel Advisors LLC	11.61M	2.99%	13F	Aug 14, 2026
FIL Ltd	9.43M	2.43%	13F	Aug 13, 2026
BlackRock, Inc.	9.11M	2.35%	13F	Aug 7, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.