Melco Resorts' Q1 Revenue Jumps 11% on Mass Market Gains, Announces New $500M Buyback
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Melco Resorts & Entertainment reported strong first-quarter results, with revenue increasing 11% year-over-year to $1.37 billion, primarily driven by robust mass market operations in Macau. The company's adjusted property EBITDA rose 12% to $381 million, significantly beating analyst consensus estimates of $310.14 million. Additionally, Melco announced a new $500 million share repurchase program, signaling confidence in its financial position and commitment to shareholder returns. These positive results, particularly the EBITDA beat and new buyback, are material and likely to be viewed favorably by investors, potentially supporting the stock price. This follows earlier reports of increased 2025 net income for a subsidiary, indicating continued financial recovery and growth.
At the time of this announcement, MLCO was trading at $5.63 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $4.95 to $10.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.