Melco Reports 9% Q4 Revenue Growth, Plans Casino Opening in Sri Lanka

Melco Resorts & Entertainment Limited reported a 9% rise in total operating revenues for Q4 2024, amounting to $1.19 billion, fueled by improved performance in both gaming and non-gaming sectors. Despite a net loss of $20.3 million, this figure marked a substantial improvement from the previous year's loss of $205.9 million. The company also achieved an operating income of $97 million, a positive turnaround from a loss in the prior year. CEO Lawrence Ho emphasized that strategic investments in Macau have bolstered market share and increased property visitation beyond pre-pandemic levels. Melco's earnings per share fell short of expectations, highlighting challenges in maintaining profitability despite revenue growth. Investors are now keenly observing management's outlook on future earnings as they assess the company's recovery trajectory.