Q2 2025 Melco Resorts & Entertainment Ltd Earnings Call Transcript

Jul 31, 2025 / 12:30 PM GMT

Release Date Price: €7.45 (-0.67%)

Transcript

Key Points

Positve

Macau property EBITDA grew by 35% year over year and 13% quarter to quarter, indicating strong financial performance.
Gaming volumes and revenues reached all-time highs at City of Dreams and Studio City, showcasing robust market demand.
The reopening of House of Dancing Water with enhanced visuals contributed to a 98% theater occupancy, boosting non-gaming revenue.
Visitation to City of Dreams Macau increased by 31% year over year, reflecting successful customer engagement strategies.
The company maintained a robust liquidity position with $2.3 billion available, ensuring financial stability and flexibility.

Negative

The heightened competitive environment in the Philippines negatively impacted performance, necessitating cost reduction initiatives.
The Iran-Israel war in June affected operations in Cyprus, although recovery was faster than expected.
Unfavorable win rates at City of Dreams Manila negatively impacted property EBITDA by approximately $7 million.
The company recognized an impairment in goodwill of approximately $56 million due to the closure of Grand Dragon Casino and three MOCA clubs.
The strategic review in the Philippines is ongoing with no immediate resolution, creating uncertainty in that market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MLCO.OQ - Melco Resorts & Entertainment Ltd
Q2 2025 Melco Resorts & Entertainment Ltd Earnings Call
Jul 31, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for participating in the 2nd quarter 2025 earnings conference call of Melco Resorts and Entertainment Limited.

At this time, all participants are in a listen-only mode.

After the call, we will conduct a question and answer session.

Today's conference is being recorded.

I would now like to turn the call over to Ms. Jeannie Kim, senior Vice President, group treasurer of Malco Resorts and Entertainment Limited.

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Unidentified_2 [2]
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Thank you, operator,

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