Monitor Q1 2026 results to confirm sustained recovery momentum and assess the impact of the new luxury suites at The Countdown. The significant improvement in profitability and cash flow from operations ($507.6 million) suggests potential for future capital returns or reduced leverage.
Price Chart
Executive Summary
Melco Resorts & Entertainment reported strong 2025 financial results with total operating revenues of $4.51 billion (up 12.8% YoY) and net income of $286.2 million (up from $0.6 million), driven by recovery in Macau tourism, improved rolling chip performance at City of Dreams, and the re-launch of the House of Dancing Water show. The company refinanced debt, issuing $500 million in 2033 MRF Senior Notes while redeeming maturing notes.
Key Facts
- Total operating revenues increased 12.8% YoY to $4.51 billion in 2025
- Net income surged to $286.2 million from $0.6 million in 2024
- City of Dreams rolling chip volume increased 16.7% YoY to $23.4 billion
- Company issued $500 million 2033 MRF Senior Notes and redeemed $1.36 billion in maturing senior notes
- House of Dancing Water re-launched in May 2025 after being closed since June 2020
Financial Impact
Revenue increased by $512 million, net income increased by $285.6 million
Risk Factors
- Dependence on Chinese tourism recovery and regulatory environment
- High leverage with $4.7 billion in gross indebtedness
- Impairment charges of $57.9 million on Mocha Clubs goodwill
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-174896 |
| Document: d121478d6k.htm | 0001193125-26-174896 |
| Document: 0001193125-26-174896-index-headers.html | 0001193125-26-174896 |
| Document: 0001193125-26-174896-index.html | 0001193125-26-174896 |
| Document: 0001193125-26-174896.txt | 0001193125-26-174896 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 6-K | $5.32 $4.67 | ▲ +12.22% | ▲ +12.48% | $4.19 (+21.24%) |
Aug 14, 2026 7w ago | 6-K | $5.60 $4.81 | ▼ −14.11% | ▼ −12.12% | $4.19 (−25.18%) |
Aug 13, 2026 7w ago | Press Release | $5.50 $5.05 | ▼ −8.18% | ▼ −6.43% | $4.19 (−23.82%) |
Aug 7, 2026 8w ago | 6-K | $5.52 $5.21 | ▼ −5.62% | ▼ −5.22% | $4.19 (−24.09%) |
Jun 9, 2026 16w ago | 6-K | $5.62 $5.26 | ▼ −6.41% | ▼ −7.85% | $4.19 (−25.44%) |
May 29, 2026 18w ago | 6-K | $5.56 $5.38 | ▼ −3.24% | ▼ −1.44% | $4.19 (−24.64%) |
Apr 30, 2026 22w ago | 6-K | $5.77 $5.54 | ▼ −3.99% | ▼ −8.95% | $4.19 (−27.38%) |
Apr 30, 2026 22w ago | Press Release | $5.77 $5.54 | ▼ −3.99% | ▼ −8.95% | $4.19 (−27.38%) |
Apr 28, 2026 22w ago | 6-K | $5.55 $5.53 | ▼ −0.36% | ▼ −5.82% | $4.19 (−24.50%) |
Apr 28, 2026 22w ago | Press Release | $5.55 $5.53 | ▼ −0.36% | ▼ −5.82% | $4.19 (−24.50%) |
US Market Status
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