MELCO RESORTS & ENTERTAINMENT Reports Strong FY2022 Q4 Earnings on March 2 2023
March 11, 2023
Earnings Overview
MELCO RESORTS & ENTERTAINMENT ($NASDAQ:MLCO) reported its financial results for Q4 of FY2022, which ended on December 31 2022, on March 2 2023. Total revenue saw a substantial drop of 57.5%, amounting to USD -251.9 million, when compared to the same period in the previous year. Net income for Q4 also decreased by 29.9%, amounting to USD 337.1 million, when compared to the same period in the prior year.
Share Price
This news sent their stock prices up by 0.9% from the previous closing price of $13.7, with their stock opening at $13.5 and closing at $13.9. The news comes on the heels of the company’s recent success with their resorts and entertainment venues, as well as their expansion into the Asia-Pacific region. The earnings report also showed that MELCO RESORTS & ENTERTAINMENT is investing heavily in new technologies and areas of expansion.
This includes expanding their online gaming and sports betting options, as well as investing in new venues for entertainment and hospitality. With their stock price up by 0.9% from the previous close, investors are bullish on their prospects moving forward. 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
GoodWhale has completed a comprehensive analysis of MELCO RESORTS & ENTERTAINMENT’s financials, and we are pleased to report that the company has been given a low risk rating. This indicates that it is likely to be a safe investment from both a financial and business perspective. Despite this encouraging assessment, we have detected one risk warning in the company’s balance sheet. To gain further insight into this issue, become a registered user and access our exclusive risk analysis. 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 its fourth quarter earnings results for FY2022 on March 2, 2023. Total revenue for the quarter decreased 57.5% year-over-year to USD -251.9 million, while net income decreased 29.9% to USD 337.1 million. Investors should note that the company’s revenue and income have decreased significantly compared to the previous quarter, and that there is room for improvement.
It is important to keep up with the company’s financials, such as whether it has sufficient cash reserves and the outlook for future quarters. Investors should consider these factors when assessing the potential of MELCO RESORTS & ENTERTAINMENT in the long term.
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