Melco Resorts Q2 2026: Revenue Down 6%, Net Income Up 32%, $120.6M Buyback Executed
MLCO is trading near its 52-week low of $5.07 (0.8% above the low).
Summary
Melco Resorts' Q2 2026 earnings show revenue decline but improved net income, significant share repurchases, and strong liquidity.
Key Events · Earnings and Guidance · MLCO
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Q2 Revenue Declines 6%
Total operating revenues were $1.25 billion, down from $1.33 billion in Q2 2025, driven by softer rolling chip and mass market table games.
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Net Income Rises 32%
Net income attributable to Melco Resorts was $22.7 million, or $0.06 per ADS, compared with $17.2 million, or $0.04 per ADS, a year earlier.
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Adjusted Property EBITDA Falls 20%
Adjusted Property EBITDA was $303.8 million, down from $377.7 million in Q2 2025, primarily due to weaker performance at City of Dreams.
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$120.6M Share Repurchase Executed
From April 1 to August 12, 2026, the company repurchased 22.4 million ADSs for $120.6 million, with $589.6 million remaining under authorization.
Analysis · MLCO · Real Estate & Construction
Melco Resorts reported Q2 2026 revenue of $1.25 billion, down 6% year-over-year, but net income attributable to shareholders rose 32% to $22.7 million. Adjusted Property EBITDA fell 20% to $303.8 million, reflecting softer rolling chip and mass market performance in Macau. The company repurchased $120.6 million of ADSs during the quarter, leaving $589.6 million in buyback authority. With $2.80 billion in available liquidity and a new hotel opening in Q3, the company is positioned to navigate near-term headwinds.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MLCO was trading at $5.11 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $5.07 to $10.15. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.