Melco Resorts & Entertainment Reports Q3 Financial Results
Melco Resorts & Entertainment (MLCO) reported a significant decline in its third-quarter financial performance. The company's adjusted diluted earnings per ADS fell to $0.018, representing a 91.5% year-over-year decrease. Total revenue for the quarter was $1.17 billion, down 10.7% compared to the same period last year. Profitability also saw a sharp contraction, with adjusted net income attributable to Melco Resorts dropping 92.2% year-over-year to $6.5 million. These results reflect substantial downward pressure on the company's bottom line and top-line growth during the third quarter.
Tickers: $MLCO
Topics: earnings report net income revenue decline