财务表现 - 第二季度总营收为11.6亿美元，同比增长约22%[3] - 经营利润为1.237亿美元，去年同期为6430万美元[4] - 调整后物业EBITDA为3.028亿美元，去年同期为2.673亿美元[5] - 净利润为2140万美元，每ADS0.05美元，去年同期净亏损2340万美元[6] - 公司在2023年第二季度和2024年上半年的总营收分别为11.60亿美元和22.72亿美元[49] - 公司在2023年第二季度和2024年上半年的赌场营收分别为9.43亿美元和18.56亿美元[49] - 公司在2023年第二季度和2024年上半年的房间营收分别为1.01亿美元和2.02亿美元[49] - 公司在2023年第二季度和2024年上半年的餐饮营收分别为7,157万美元和1.38亿美元[49] - 公司在2023年第二季度和2024年上半年的娱乐、零售和其他营收分别为4,373万美元和7,587万美元[49] - 公司在2023年第二季度和2024年上半年的净利润分别为2,139万美元和3,656万美元[49] - 公司在2023年第二季度和2024年上半年的每股基本和稀释收益分别为0.016美元和0.028美元[49] - 公司在2023年第二季度和2024年上半年的调整后EBITDA分别为2.83亿美元和5.01亿美元[45,46] - 公司在2023年第二季度和2024年上半年的调整后净利润分别为-2,344万美元和-10,473万美元[46] - 公司在2023年第二季度和2024年上半年的调整后每股收益分别为-0.018美元和-0.079美元[46] - 公司现金及现金等价物为11.5亿美元，较上年同期增加[1] - 公司总资产为80.14亿美元，较上年末减少[1] - 公司总负债为88.6亿美元，较上年末减少[1] - 公司调整后净利润为2840.6万美元，较上年同期增加[2] - 公司调整后每股收益为0.021美元，较上年同期增加[2] - 公司调整后EBITDA为2.84亿美元，较上年同期增加[3] - 公司调整后物业EBITDA为3.03亿美元，较上年同期增加[3] - 公司净亏损为1,287千美元[62] - 调整后EBITDA为283,896千美元[62] - 调整后物业EBITDA为302,805千美元[62] 业务表现 - 澳门新濠天地第二季度调整后EBITDA为1.651亿美元，同比增长[9] - 澳门新濠天地大众博彩桌面游戏投注额增加至14.6亿美元[11] - 澳门新濠天地博彩机投注额增加至9.023亿美元[12] - 澳门新濠天地非博彩收入增加至8040万美元[13] - 澳门新濠影汇第二季度调整后EBITDA为7920万美元，同比增长[20] - 菲律宾新濠天地第二季度调整后EBITDA为4050万美元，同比下降[25] - 澳门新濠天地平均每日房价为209美元,入住率为93%[63] - 澳门新濠影汇平均每日房价为157美元,入住率为96%[63] - 马尼拉新濠天地平均每日房价为160美元,入住率为97%[63] - 澳门新濠锐平均每日房价为443美元,入住率为61%[63] - 澳门新濠天地每张赌桌每日赢码为15,714美元[63] - 澳门新濠影汇每张赌桌每日赢码为13,563美元[63]

14 August 2024 | 7:11AM HKT Melco Resorts & Entertainment Ltd. (MLCO) Buy 2024 results inline: Margin slips on higher costs after stepping up reinvestment; EBITDA to trend more inline with GGR ahead; Buy MLCO 12m Price Target: $9.70 Price: $5, 17 Upside: 87.6% Asia Leisure ights into Casinos, Airlines, Duty Free Hainan, Hotels, OTA & the Rise of Leisure Simon Cheung, CFA +852-2978-6102 | simon.cheung@gs.com Goldman Sachs (Asia) L.L.C. Alpha Wang +852-2978-1984 | alpha.wang@gs.com Goldman Sachs (Asia) L.L.C. ...

财务数据和关键指标变化 - 公司第二季度集团范围内的经调整物业EBITDA约为3.03亿美元 [13] - 博彩毛收入(GGR)持续季度环比和同比增长,公司正专注于扩大市场份额 [9] - 公司在2024年4月大幅降低了2025年的再融资风险,包括延长19亿美元的循环信贷额度至2027年、发行7.5亿美元债券以及回购1亿美元的Studio City 2025年到期债券 [15][16] - 公司目前的流动性状况稳健,截至2024年6月30日,公司合并现金余额约13亿美元,可用流动性超过30亿美元 [17] 各条业务线数据和关键指标变化 - 澳门业务方面,运营成本从每天2.7百万美元上升至2.9百万美元,主要是由于工资成本增加以及新增员工 [14] - 菲律宾业务方面,尽管面临一些挑战,但公司仍有信心保持市场地位并继续保持良好业绩 [11] - 塞浦路斯业务方面,连同地区卫星赌场,第二季度经调整EBITDA环比增长超过30% [11] 各个市场数据和关键指标变化 - 澳门市场方面,公司正在投资提升服务质量和生产力,以重塑City of Dreams的高端大众领导地位 [30][31] - 菲律宾市场方面,尽管面临一些挑战,如赌博中介公司(POGO)关闭以及新增供给,但公司仍看好该市场的长期前景 [85][86][87] - 塞浦路斯市场方面,公司的业务表现良好,经调整EBITDA环比增长超过30% [11] 公司战略和发展方向及行业竞争 - 公司正在投资人才并对旗下物业进行升级改造,以提供澳门最优质的高端体验 [9][30][31] - 公司正在与John Hughes集团合作,预计2024年第四季度开业斯里兰卡首家综合度假村 [12] - 公司正密切关注泰国这一具有重大发展潜力的市场,但目前还未有具体投资计划 [107][108] 管理层对经营环境和未来前景的评论 - 管理层对澳门市场前景保持乐观,认为8月份的表现更为典型,有望在下半年继续保持增长 [29] - 管理层认为菲律宾市场长期前景良好,尽管面临一些短期挑战,但相信会维持市场地位并持续产生良好业绩 [86][87] - 管理层对塞浦路斯市场的发展前景充满信心,第二季度经调整EBITDA环比增长超过30% [11] 问答环节重要的提问和回答 问题1 **George Choi 提问** 询问公司对非法现金兑换活动去犯罪化的看法,以及对GGR的影响 [22] **Lawrence Ho 回答** 公司认为非法现金兑换活动对流动性有一定影响,但更多是由于欧洲杯和暑期旅游高峰期的影响,公司对澳门市场前景仍保持乐观 [24][25][26][27][28][29] 问题2 **Ricardo Chinchilla 提问** 询问公司在促销环境方面的情况,是否有升级或降低 [45] **Evan Winkler 回答** 公司在促销方面保持谨慎和纪律,不会大幅提升总体投入,而是优化促销措施以获得更好的增量利润 [47][48][49][50][51] 问题3 **John DeCree 提问** 询问公司在资本配置方面的考虑,是否会进行股票回购或恢复派息 [74] **Lawrence Ho 和 Geoff Davis 回答** 公司目前首要任务仍是降低负债,但考虑到股价明显低估,未来可能会拨出一小部分自由现金流用于股票回购 [76][77][78][79][80][81]

Melco Resorts (MLCO) reported $1.16 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 22.3%. EPS of $0.06 for the same period compares to -$0.02 a year ago.The reported revenue represents a surprise of -0.53% over the Zacks Consensus Estimate of $1.17 billion. With the consensus EPS estimate being $0.10, the EPS surprise was -40.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Melco Resorts (MLCO) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this casino company would post earnings of $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%.Over the last four quarters, the company has ...

MACAU, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today reported its unaudited financial results for the second quarter of 2024. Total operating revenues for the second quarter of 2024 were US$1.16 billion, representing an increase of approximately 22% from US$947.9 million for the comparable period in 2023. The increase in total operating revenues was ...

In its upcoming report, Melco Resorts (MLCO) is predicted by Wall Street analysts to post quarterly earnings of $0.10 per share, reflecting an increase of 600% compared to the same period last year. Revenues are forecasted to be $1.17 billion, representing a year-over-year increase of 23%.The current level reflects a downward revision of 5.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial ...

MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment's Studio City is home to one of the World's Most Beautiful Hotels according to UNESCO's World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property joins City of Dreams to become Melco's second integrated resort to garner the accolade. W Macau – Studio City is among 16 recently opened or reopened hotels that have left an extraordinary impri ...

MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry's most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate enterprise-wide success through talent development. The accolade recognizes Melco's "Whole Person Development" philosophy, a holistic system for development and growth. This is the third award Melco has received from ATD. Last y ...

MACAU, June 27, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has been awarded the talent development industry’s most rigorous and coveted recognition, 2024 BEST Award by Association for Talent Development (ATD). Globally, the award recognizes organizations that demonstrate enterprise-wide success through talent development. The accolade recognizes Melco’s “Whole Person Development” philosophy, a holistic system for development and growth. This is the third award Melco has received from ATD. Last y ...