MELCO RESORTS & ENTERTAINMENT Reports Fourth Quarter Earnings Results for FY2022
March 16, 2023
Earnings Overview
On March 2, 2023, MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) reported its financial results for the fourth quarter of the fiscal year ending December 31, 2022. Total revenue for the quarter was USD -251.9 million, a decrease of 57.5% compared to the same period a year prior. Net income for the quarter decreased by 29.9%, amounting to USD 337.1 million.
Price History
The stock opened at $13.5 and closed at $13.9, up by 0.9% from its last closing price of $13.7. This positive performance reflects the strong performance of the company’s financials for the past quarter. This suggests that the company is managing its debt load well and is able to service its debt payments. The company’s stock opened up 0.9% higher on Thursday, indicating that investors believe in the company’s long-term prospects and ability to continue to deliver strong returns in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MLCO. More…
| Total Revenues | Net Income | Net Margin |
| 1.35k | -930.53 | -69.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MLCO. More…
| Operations | Investing | Financing |
| -860.96 | -53.31 | 1.26k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MLCO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.3k | 9.62k | -1.91 |
Key Ratios Snapshot
Some of the financial key ratios for MLCO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -38.3% | 27.2% | -53.0% |
| FCF Margin | ROE | ROA |
| -76.7% | 58.9% | -4.8% |
Analysis
At GoodWhale, we offer comprehensive fundamental analysis of MELCO RESORTS & ENTERTAINMENT. Our Risk Rating system gives the company a rating of low risk, meaning that investing in MELCO RESORTS & ENTERTAINMENT is generally considered to be a safe decision. This low risk rating not only applies to the company’s financial performance, but also to its overall business practices. However, it is important to note that GoodWhale has identified one risk warning in MELCO RESORTS & ENTERTAINMENT’s balance sheet. To access this warning, you must become a registered user. We recommend that investors take the time to review the risk warnings before making any decisions regarding MELCO RESORTS & ENTERTAINMENT. More…
Peers
Each of these companies has its own unique strengths and strategies to stay ahead of the game, creating a dynamic and intense competition between them.
– Las Vegas Sands Corp ($NYSE:LVS)
Las Vegas Sands Corp is an American casino and resort company based in the US state of Nevada. It is the parent company of the Venetian Casino Resort and the Sands Expo and Convention Center, among other properties. The company has a market cap of 36.73B as of 2022, which is a reflection of its market presence and business performance. Additionally, its Return on Equity (ROE) stands at -11.56%, indicating that it is not performing well in terms of generating shareholder value. Las Vegas Sands Corp is a leader in the gaming and hospitality industry, and it continues to be a major player in Las Vegas, Macau, and other international markets.
– Wynn Resorts Ltd ($NASDAQ:WYNN)
Wynn Resorts Ltd is a global hospitality and entertainment company, operating integrated resorts in Las Vegas, Macau, and other parts of the world. As of 2022, the company has a market capitalization of 9.34 billion dollars and a return on equity of 27.93%. This suggests that the company is performing relatively well and is able to generate a healthy return on the capital it has invested. The company has positioned itself as an international leader in the hospitality and entertainment industry, with a focus on providing high-quality experiences for its guests. The strong financial performance of the company indicates that its strategies are working and that it is well-positioned for future growth.
– MGM Resorts International ($NYSE:MGM)
MGM Resorts International is a leading global hospitality and entertainment company, based in Las Vegas, Nevada. The company operates a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, Park MGM, and New York-New York. With a market cap of 12.88 billion USD as of 2022, the company’s stock has been performing well in the market with a Return on Equity (ROE) of 20.62%. This indicates a strong financial performance and suggests that the company is utilizing its equity to generate profits and add value to its shareholders.
Summary
MELCO RESORTS & ENTERTAINMENT reported a substantial decrease in their fourth quarter of FY2022, with total revenues coming in at USD -251.9 million, a decrease of 57.5% compared to the same period last year. Net income also decreased by 29.9% year-over-year, landing at USD 337.1 million. Investors should be cautious when considering MELCO as an option and should take into account the risks of volatility within the market, as well as the company’s past performance. It is important to take into account both long and short-term projections and to be aware of market trends, both regulatory and economic, when making investment decisions.
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