Melco Resorts & Entertainment reported a 6% year-on-year decline in operating revenue for the second quarter of 2026, totaling $1.25bn. The company simultaneously recorded an increase in operating income, reaching $127.8m compared to $124.7m in the same period last year.
The revenue decrease stems from reduced performance in rolling chip and mass market table games, alongside weaker results across non-gaming operations. Net income attributable to the company rose to $22.7m, or $0.06 per American depository share, up from $17.2m and $0.04 per share in Q2 2025. A net loss of $12.1m was recorded for non-controlling interests, primarily linked to Studio City, City of Dreams Mediterranean, and other assets, compared to a $7.8m loss in the prior-year quarter.
Expansion and International Operations
Chairman and CEO Lawrence Ho emphasized the company's confidence in long-term business stability and the Macau market outlook. Management priorities remain focused on deepening customer engagement, attracting high-quality visitation, and investing in property upgrades to address changing guest needs. The phased opening of the new REM hotel is scheduled for the third quarter of 2026, complementing ongoing efficiency initiatives and preparing the portfolio for rising regional demand.
Operations outside Macau continued to show resilience. City of Dreams Manila achieved year-over-year growth despite ongoing local market challenges. In Cyprus, City of Dreams Mediterranean and associated satellite casinos experienced a rebound as regional travel disruptions eased, driving a 60% year-over-year increase in property EBITDA for the quarter.
Earlier financial disclosures for the group highlighted consistent investment in property modernization and service enhancements across all operating regions.