Overview

* Melco Resorts Q2 revenue rises 15% yr/yr, driven by gaming and non-gaming improvements

* Adjusted Property EBITDA for Q2 increases, reflecting stronger margins and cost efficiencies

* Net income for Q2 declines yr/yr due to higher operating expenses and impairment charges

Outlook

* Melco expects continued growth from strategic initiatives in Macau

* Company cautiously optimistic about Cyprus' peak season performance

* Melco sees challenges in the Philippines' competitive environment

* Company anticipates opportunities from City of Dreams Sri Lanka opening

Result Drivers

* GAMING PERFORMANCE - Improved gaming operations, particularly in mass market table games, drove revenue growth, per CEO Lawrence Ho

* COST EFFICIENCIES - Increased cost efficiencies contributed to stronger margins, supporting overall revenue growth

* PHILIPPINES CHALLENGES - Heightened competition in the Philippines impacted performance, but initiatives to improve results and reduce costs were implemented

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $1.33

Operatin bln

g

Revenue

Q2 Net $9.36

Income mln

Q2 $377.70

Adjusted mln

EBITDA

Q2 $124.66

Operatin mln

g Income

Q2 $21.25

Pretax mln

Profit

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)