Melco Resorts & Entertainment Limited (MLCO) Releases Q1 2026 Earnings: EPS Up, Revenue and Gross Profit Down

Melco Resorts & Entertainment Limited (MLCO) reported Q1 2026 results with notable swings across revenue, profitability and cash flow.

Total revenues: $1.4 billion (down 44.55% year-over-year).

Gross profit: $513.2 million (down 84.15% year-over-year).

Operating profit: $179.0 million (up 23.54% year-over-year).

Net income attributable to common shareholders: $76.8 million (up 136.17% year-over-year).

Diluted earnings per share: $0.20 (up 150.0% year-over-year).

Cash from operating activities: $472.8 million (up 571.7% year-over-year).

Purchases of property, plant and equipment: $182.3 million (up 392.59% year-over-year).

Cash and cash equivalents: $942.4 million (down 14.65% year-over-year).

Total liabilities: $8.3 billion (down 6.33% year-over-year).

Cost of sales: $853.5 million (down 210.4% year-over-year).

The quarter shows a sharp revenue and gross-profit decline versus the prior year, while operating profit and net income improved significantly and earnings per share rose strongly. The jump in operating cash flow funded higher capital spending, and the company finished the quarter with nearly $942.4 million in cash and a slightly reduced liability base. Melco Resorts & Entertainment Limited (MLCO) appears to be converting improved cash generation into reinvestment despite the top-line pressure.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

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Melco Resorts & Entertainment Limited Hedge Fund Activity

We have seen 67 institutional investors add shares of Melco Resorts & Entertainment Limited stock to their portfolio, and 98 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIL LTD added 4,649,720 shares (+inf%) to their portfolio in Q4 2025, for an estimated $35,198,380
JPMORGAN CHASE & CO removed 3,010,259 shares (-44.8%) from their portfolio in Q4 2025, for an estimated $22,787,660
BALYASNY ASSET MANAGEMENT L.P. added 2,984,251 shares (+339.1%) to their portfolio in Q4 2025, for an estimated $22,590,780
POINT72 ASSET MANAGEMENT, L.P. added 2,635,658 shares (+1613.2%) to their portfolio in Q4 2025, for an estimated $19,951,931
VICTORY CAPITAL MANAGEMENT INC added 2,351,536 shares (+inf%) to their portfolio in Q4 2025, for an estimated $17,801,127
ARGA INVESTMENT MANAGEMENT, LP removed 2,342,190 shares (-9.3%) from their portfolio in Q4 2025, for an estimated $17,730,378
ACADIAN ASSET MANAGEMENT LLC removed 2,088,789 shares (-77.5%) from their portfolio in Q4 2025, for an estimated $15,812,132

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

Melco Resorts & Entertainment Limited Analyst Ratings

Wall Street analysts have issued reports on $MLCO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 11/10/2025

To track analyst ratings and price targets for Melco Resorts & Entertainment Limited, check out Quiver Quantitative's $MLCO forecast page.