Melco Resorts & Entertainment remains a BUY as World Cup-driven Macau weakness appears priced in and fundamentals should strengthen into August's peak visitation. MLCO's 1Q26 Macau EBITDA grew 16% YoY with margins up to 27.4%, outperforming Las Vegas Sands in margin resilience. MLCO trades at 6.5x forward EV/EBITDA, a 17% discount to LVS and 36% below the consumer discretionary sector, with robust forward growth metrics.
Melco Resorts & Entertainment maintains cost discipline and premium positioning, driving resilient margins amid intense Macau competition. MLCO's 1Q26 adjusted property EBITDA margins rose to 27.4%, with 16% YoY EBITDA growth in Macau, supporting a 5% share price pop post-earnings. The upcoming 2H26 launch of the REM hotel positions MLCO as the only operator with new premium capacity, expected to catalyze earnings and market share gains.
While the top- and bottom-line numbers for Melco (MLCO) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Melco Resorts & Entertainment Limited (MLCO) Q1 2026 Earnings Call Transcript
Melco Resorts (MLCO) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.12 per share a year ago.
Melco (MLCO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Melco Resorts & Entertainment reported good Q4 results, but market expectations were even higher. Growth in Macau gaming remains a clear tailwind, driving earnings growth. MLCO's 2026 Macau outlook is good. City of Dreams Manila has performed much worse, but the property isn't too critical for MLCO.
Melco Resorts & Entertainment Limited (MLCO) Q4 2025 Earnings Call Transcript
While the top- and bottom-line numbers for Melco (MLCO) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Melco posted a strong Q3 performance driven by robust gains in Macau and its new Cyprus property. MLCO's recovery highlights the effectiveness of CEO Lawrence Ho's strategic vision during the challenging downturn of the past two years. Macau operations remain a key growth engine, reinforcing the company's regional leadership and resilience.
While the top- and bottom-line numbers for Melco (MLCO) give a sense of how the business performed in the quarter ended September 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Melco (MLCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.