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Melco Resorts & Entertainment (GB:0A2P)
LSE:0A2P
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in market share growth, a strong liquidity position, and a solid start to 2025. Despite challenges such as increased operating expenses and upcoming debt maturities, the company's strategic initiatives and asset-light strategy position it well for future growth.Company Guidance
During the Fourth Quarter 2024 Earnings Conference Call for Melco Resorts and Entertainment Limited, several key metrics and strategic guidance were discussed. The company reported a group-wide adjusted property EBITDA of approximately $295 million, with an adjustment for VIP hold bringing it to $312 million, which is a 5% increase from the previous quarter. The market share in Macau grew to 15.6% in December, and property visitation exceeded pre-pandemic levels, with a notable 17% increase in Chinese New Year visitation compared to the previous year. The operating expenses in Macau increased to $3.2 million per day in Q4 2024 but are expected to decrease to $3.0 million by the end of Q2 2025. The company has a strong liquidity position with $3.3 billion available and aims to reduce its $1.2 billion debt due in 2025. Additionally, they are exploring strategic alternatives for City of Dreams Manila, aligning with their asset-light strategy. Future CapEx is projected at $415 million for 2025, with significant investments in Macau and Sri Lanka.Increased Market Share in Macau
Melco Resorts' market share in Macau grew month-to-month, ending the year with approximately 15.6% in December. Property visitation exceeded pre-pandemic levels for the first time since the reopening of the borders.
Strong Financial Position and Liquidity
The company added $250 million in liquidity with a revolving credit facility for Studio City, taking available liquidity to $3.3 billion, with consolidated cash on hand of approximately $1.3 billion.
Asset-Light Strategy and Strategic Alternatives
Melco is exploring strategic alternatives for City of Dreams, Manila, as part of an asset-light strategy to enhance financial flexibility and support long-term growth.
Positive Start to 2025
The year began strongly with total GGR excluding junkets outpacing both 2024 and 2019. Property visitation was up 17% compared to last year, and a single day during Chinese New Year placed within the top 10 all-time highs.
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GB:0A2P Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:0A2P Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $5.90 | $5.90 | 0.00% |
| Nov 05, 2024 | $6.67 | $6.61 | -0.91% |
| Aug 13, 2024 | $5.38 | $5.12 | -4.92% |
| Apr 30, 2024 | $6.55 | $6.70 | +2.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Melco Resorts & Entertainment (GB:0A2P) report earnings?
Melco Resorts & Entertainment (GB:0A2P) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Melco Resorts & Entertainment (GB:0A2P) earnings time?
Melco Resorts & Entertainment (GB:0A2P) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Melco Resorts & Entertainment stock?
The P/E ratio of Melco Resorts & Entertainment is N/A.
What is GB:0A2P EPS forecast?
GB:0A2P EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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