Melco Resorts & Entertainment to Quickly Raise EBITDA in Next Quarters After Weak Q2, S&P Says
Melco (MLCO) Q2 Earnings & Revenues Miss Estimates, Rise Y/Y
Melco Resorts and Entertainment (MLCO.US) had a total revenue of 1.16 billion US dollars in the second quarter, an increase of 22% year-on-year.
On August 14th, Kelon Huinews reported that Melco Resorts and Entertainment (MLCO.US) released unaudited financial results for the second quarter of 2024. The total revenue for the second quarter of 2024 was $1.16 billion, an increase of about 22% year-on-year. The net income attributable to the parent company for the second quarter of 2024 was $21.4 million; the net loss attributable to non-controlling interests was $22.7 million, compared with $27.7 million in the same period last year. Each American depositary share (ADS) is $0.05. CEO Lawrence Ho commented, "We continue to develop and expand revenue in the second quarter of 2024."
Melco Resorts and Entertainment | 6-K: Report of foreign private issuer (related to financial reporting)
BofA Securities Maintains Melco Resorts and Entertainment(MLCO.US) With Buy Rating, Maintains Target Price $7.5
Express News | Melco Resorts & Entertainment Ltd : JP Morgan Cuts Target Price to $6 From $7
