Melco Resorts Q3 revenue falls 10% to $1.17 billion

Melco Resorts & Entertainment (NASDAQ:MLCO) reported third-quarter 2026 operating revenue of US$1.17 billion, down approximately 10%, as gaming and non-gaming operations weakened.

Revenue declined from US$1.31 billion a year earlier, while operating income fell from US$184.5 million to US$100.2 million and adjusted property EBITDA decreased from US$380.4 million to US$287.6 million.

Net income attributable to Melco fell to US$34,000 from US$74.7 million, while total debt reached US$6.98 billion and available liquidity stood at approximately US$1.95 billion at September 30.

Melco repurchased approximately US$160 million of American depositary shares between July 1 and November 3, while management identified hotel openings and retail renovations in Macau as part of its growth strategy.

City of Dreams Macau revenue declined to US$566.2 million from US$672.6 million, while Studio City and City of Dreams Manila also reported lower revenue and adjusted earnings.

City of Dreams Mediterranean and Other revenue increased to US$96.7 million, while Studio City's land concession was renewed through October 16, 2036, following a special contribution equivalent to US$10.6 million.

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Editorial verification: Figures and the executive quotation were checked against Melco's November 4, 2026 earnings release. The last verified closing price was US$4.20 on November 3, 2026; a November 4 post-announcement share price was not established, so no stock reaction was asserted.

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