Melco Resorts: Q1 2026 Earnings Confirms Our Bullish Case
Melco Resorts & Entertainment demonstrated strong financial performance in Q1 2026, maintaining cost discipline and premium positioning in the competitive Macau market. The company achieved a 27.4% adjusted property EBITDA margin and 16% year-over-year EBITDA growth in Macau, contributing to a 5% increase in its share price after earnings. The planned launch of the REM hotel in the second half of 2026 is expected to serve as a key growth catalyst.
- ▪Melco Resorts reported a 27.4% adjusted property EBITDA margin in Q1 2026.
- ▪The company achieved 16% year-over-year EBITDA growth in Macau during the quarter.
- ▪MLCO's stock rose 5% following the release of its Q1 2026 earnings.
- ▪The REM hotel is scheduled to launch in the second half of 2026.
- ▪Melco maintains a premium market positioning with disciplined cost management.
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