---
title: "Macau's Melco Resorts' Q1 revenue rises 11% on mass market gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284772666.md"
datetime: "2026-04-30T12:39:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284772666.md)
  - [en](https://longbridge.com/en/news/284772666.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284772666.md)
---

# Macau's Melco Resorts' Q1 revenue rises 11% on mass market gains

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Overview

-   Macau-based integrated resort operator’s Q1 revenue rose 11% yr/yr on improved mass market operations
-   Q1 adjusted property EBITDA up 12% yr/yr, driven by mass market and non-gaming growth
-   Company announced new $500 mln share repurchase program and completed $13.8 mln in buybacks

Outlook

-   Company continues to focus on profitability and competitive positioning with key growth initiatives

Result Drivers

-   MASS MARKET GROWTH - Improved mass market operations, especially in Macau, were the primary driver of revenue and profit growth
-   NON-GAMING REVENUE - Higher non-gaming revenues contributed to year-over-year growth, especially at City of Dreams
-   CYPRUS TOURISM IMPACT - Results in Cyprus were adversely affected by lower tourism arrivals due to Middle East conflicts Company press release:

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

### Q1 $1.37

Operatin bln

g

Revenue

### Q1 EPS $0.07

Q1 Net $70.88

Income mln

Q1 Beat $381 mln $310.14

Adjusted mln (2

EBITDA Analysts

)

### Q1 $178.98

Operatin mln

g Income

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy”, 3 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the casinos & gaming peer group is “buy”
-   Wall Street’s median 12-month price target for Melco Resorts & Entertainment Ltd is $9.40, about 70.9% above its April 29 closing price of $5.50 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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