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Melco Resorts & Entertainment Swings to Q4 Adjusted Loss, Revenue Increases
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Melco Resorts & Entertainment Swings to Q4 Adjusted Loss, Revenue Increases
Feb 27, 2025 6:25 AM

08:58 AM EST, 02/27/2025 (MT Newswires) -- Melco Resorts & Entertainment ( MLCO ) reported a Q4 adjusted net loss of $0.005 per diluted American depositary share, swinging from earnings of $0.015 a year earlier.

Analysts polled by FactSet expected earnings of $0.06.

Revenue for the quarter ended Dec. 31 was $1.19 billion, up from $1.09 billion a year earlier.

Analysts surveyed by FactSet expected $1.18 billion.

Melco Resorts also said it is considering potential strategic alternatives for City of Dreams Manila in the Philippines.

Shares of the casino, resort, and entertainment company were down more than 3% in recent premarket activity.

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