Melco Resorts Posts Strong Q1 2026 and Launches New US$500 Million Buyback
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Melco Resorts & Entertainment reported a strong Q1 2026, with total operating revenue up 11% to US$1.37 billion and net income more than doubling to US$76.8 million. The company announced a new US$500 million share buyback program, signaling confidence in its financial strength, despite significant net debt of US$6.67 billion. The current analyst rating for Melco International stock is a Sell, with a price target of HK$4.30.
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