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MARKETS / NASDAQ / MLCO
NASDAQ · HOTELS & MOTELS · LARGE CAP

Melco Resorts & Entertainment Ltd. MLCO

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.2B
▲ 11.3% YoY
$185.0M
▲ 325.0% YoY
In brief

What this company does

The company is a developer, owner and operator of integrated resort facilities in Asia and Europe. In Macau, it operates three major casino-based facilities — City of Dreams, Studio City and Altira Macau — together with non-casino operations at its Mocha Clubs, and it also runs a casino-based operation in the Philippines, City of Dreams Manila. In 2019, it expanded outside Asia into Europe through the acquisition of a 75% equity interest in ICR Cyprus, which owns and operates City of Dreams Mediterranean and three satellite casinos in Cyprus. It commenced operations of the Sri Lanka Casino and management of Nüwa Sri Lanka at City of Dreams Sri Lanka in the third quarter of 2025. City of Dreams, which opened in June 2009 in Cotai, Macau, is a premium-focused property targeting high-end customers and rolling chip patrons from regional markets. Studio City, which opened in October 2015, is a large-scale cinematically-themed integrated resort whose gaming operations focus primarily on the mass market and target all ranges of mass-market patrons. Altira Macau caters to the premium mass and mass operations.

Written from the business description in Melco Resorts & Entertainment LTD's annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
USD 5.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.2 · Net income 0.2
2.0B4.0B-0.5B-1.0B2008201120142017202020232025
Compound annual growth
+56.4%
+24.5%
+2.7%
+4.6%
+5.8%
+9.0%
−53.9%
+7.2%
−26.4%
−75.0%
−48.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +24.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 11.6% · Net 2.8%
5%10%15%-50%2008201120142017202020232025
ROE
FY2021 · ROE -120.5%
5%10%15%-50%-100%2008201120142017202020232025

Cash & shareholders
USD 78,000.00
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2019 · FCF 0.8
0.4B0.8B-0.4B-0.8B2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 0.1 · Net buybacks —
400M800MDividendsNet buybacks20122014201620182020202220242025

USD 78,000.00 in dividends — 0% of the year's profit went back to shareholders.

Total assetsUSD 7.6B
EquityUSD -1.2B
CashUSD 1.0B
Gross debtUSD 6.7B
Net debtUSD 5.7B
Current ratio1.07×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B5.24.63.81.32.01.75.75.25.34.54.04.85.14.13.82.61.31.4
Operating income $B0.60.50.1−0.7−0.6−0.90.70.60.60.40.10.70.80.50.40.1−0.30.0
EBITDA $B1.11.00.5−0.3−0.1−0.4············
Income tax $B0.00.00.00.00.0−0.00.00.0−0.00.00.00.00.0−0.0−0.00.0−0.0−0.0
Net income $B0.20.0−0.3−0.9−0.8−1.30.40.30.30.20.10.60.60.40.3−0.0−0.3−0.0
Free cash flow $B······0.8······0.70.70.2−1.0−1.1
EPS, diluted $0.150.03−0.25−0.67−0.57−0.880.260.220.230.120.070.370.380.250.18−0.01−0.21−0.00
Dividend / sh $·····0.060.210.190.560.240.040.21······
Payout %01−0−0−0−68180238219595600····
ROE %····−120.5−71.415.813.111.14.62.514.316.713.210.8−0.4−12.3·
Shares out B1.171.261.311.341.421.431.441.441.471.471.621.621.651.651.64···

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 6 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHotels & Motels
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2008

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