Melco Q2 Revenue Drops 6% on Weaker Macau Gaming
MLCO is trading near its 52-week low of $5.07 (4.9% above the low) on light trading volume (0.3× avg).
Summary
Melco Resorts reported Q2 revenue of $1.25 billion, down 6% year-over-year, driven by softer rolling chip and mass market table games performance. Net income attributable to the company was $22.7 million, with operating income of $127.8 million. The company repurchased 22.4 million ADSs for $120.6 million during the quarter, signaling confidence despite near-term headwinds. Management expects the REM hotel to begin phased opening in Q3 2026 and notes Macau demand is gaining momentum. The stock trades near its 52-week low, and this revenue decline may pressure shares further.
At the time of this announcement, MLCO was trading at $5.32 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $5.07 to $10.15. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.