Melco announced its third quarter 2026 financial results, reporting a decrease in revenues and operating income compared to 2025.
Third-quarter operating income falls sharply year on year at Melco Resorts
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Melco Resorts & Entertainment Limited yesterday reported its unaudited financial results for the third quarter of 2026.
Total operating revenues for the third quarter of 2026 were US$1.17 billion, the company said in a press release. The sum represents a decrease of approximately 10 percent from US$1.31 billion for the comparable period in 2025, which Melco said was attributable to softer performance in rolling chip and mass market table games 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.
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Melco Resorts’ adjusted property earnings before interest taxation, depreciation and amortisation (EBITDA) was US$287.6 million in the third quarter of 2026, compared with US$380.4 million in the third quarter of 2025.
Net income attributable to Melco Resorts & Entertainment Limited for the third quarter of 2026 was US$34,000 or US$0.00009 per American depositary share (“ADS”), compared with US$74.7 million or US$0.19124 per in the third quarter of 2025. The net loss attributable to noncontrolling interests was US$9.1 million and US$12.6 million during the third quarters of 2026 and 2025, respectively.
Melco chairman ‘confident’
Lawrence Ho, Melco’s chairman and CEO, said: “We continue to be confident in the long-term prospects of our businesses in Macao. We are focused on disciplined execution of our strategy to drive strong returns. Our distinctive product portfolio in Macau reflects the best in luxury and innovation. Coupled with the opening of our newly branded hotel REM and the renovation of our retail space at City of Dreams, we believe we are well positioned to capture the demands of our evolving customer base, supporting long-term growth.”
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He added that “In the Philippines and Cyprus, our properties continued to demonstrate resilience despite the ongoing headwinds in those countries and regions. In particular, City of Dreams Mediterranean and our satellite casinos delivered its highest quarterly EBITDA on record.”
