Melco Resorts & Entertainment Reports GAAP EPADS of -$0.18, Revenue of $716.48M

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However, the company’s revenue of $716.48M was lower than estimated by $121.85M. Despite of these figures, the stock still remains an attractive option for investors due to its potential for long-term growth. Melco Resorts & Entertainment ($NASDAQ:MLCO) has operations in Macau, the Philippines, Korea, and Japan, and is dedicated to delivering exceptional resort experiences. The company owns and operates several award-winning integrated resorts, including City of Dreams, Altira Macau, Studio City Macau, City of Dreams Manila and Morpheus. Through its commitment to delivering innovative, quality experiences and services, Melco Resorts & Entertainment provides guests with a unique and unforgettable experience.

With a wide portfolio of resorts and experiences spanning four countries, Melco Resorts & Entertainment continues to be one of the most attractive investment options in the integrated resort industry. With its focus on creating long-term value for shareholders, the company has a strong potential to deliver returns on investment over the long term.

Earnings

Melco Resorts & Entertainment reported GAAP EPADS of -$0.18 and total revenues of $716.48M in their latest earnings report for FY2022 Q4 ended December 31 2022. This showed a 29.9% decrease in total revenue compared to the previous year. Moreover, the company reported a net income loss of $251.94M.

This marks a significant decline since the previous 3 years, where the total revenue went from $528M in FY2022 to $337.09M in the last quarter. The decrease in total revenue and net income shows a stark contrast from the company’s previous financial performance.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MLCO. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MLCO. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MLCO. More…

Key Ratios Snapshot

Some of the financial key ratios for MLCO are shown below. More…

Stock Price

In addition, the stock opened at $12.1 and closed at $11.6, experiencing a drop of 6.3% from the last closing price of 12.4. The decrease in MELCO’s financial performance is indicative of the current economic uncertainty due to the ongoing global pandemic. Live Quote…

Analysis

Our analysis revealed that MELCO RESORTS & ENTERTAINMENT is a low risk investment from both financial and business perspective. While researching MELCO RESORTS & ENTERTAINMENT, we detected one risk warning in the balance sheet. To get more information about this warning, register on our website at goodwhale.com. We offer detailed information on the company, its financials, and any potential risks. 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

This caused the stock price to drop on the same day. Investors should take into account these points when analyzing Melco Resorts & Entertainment. Factors to consider include the company’s financial performance, future outlook, and potential risks. Additionally, investors should also consider other stocks in the same industry to understand where Melco Resorts & Entertainment stands in comparison.