Melco Resorts reported total operating revenues of US$1.29B in Q4 2025, an increase of approximately 9% year-over-year, with net income of US$60.6M attributable to Melco Resorts.
Bullish
Melco Resorts achieved revenue growth and net income reversal in Q4 2025, driven by strong performance at City of Dreams and Studio City, and growth in City of Dreams Mediterranean.
Bearish
Melco Resorts faced revenue declines and softer performance at City of Dreams Manila, Altira Macau, and Mocha segments, alongside significant total debt and noncontrolling interest losses in Q4 2025.