Board Change • May 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. Independent Non-Executive Director John Peter Wang was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 02
Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces an Equity Buyback for $500 million worth of its shares. Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its ordinary shares and/or American depositary shares. The program will continue over a three-year period commencing from April 30, 2026. Announcement • Apr 28
Melco Resorts & Entertainment Limited to Report Q1, 2026 Results on Apr 30, 2026 Melco Resorts & Entertainment Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Apr 13
Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 03, 2026 Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 03, 2026, at 12:00 China Standard Time. Location: at salon vi, level 2, grand hyatt macau, city of dreams, estrada do istmo, macau China Announcement • Feb 05
Melco Resorts & Entertainment Limited to Report Q4, 2025 Results on Feb 12, 2026 Melco Resorts & Entertainment Limited announced that they will report Q4, 2025 results on Feb 12, 2026 Announcement • Oct 30
Melco Resorts & Entertainment Limited to Report Q3, 2025 Results on Nov 06, 2025 Melco Resorts & Entertainment Limited announced that they will report Q3, 2025 results at 12:30 PM, US Eastern Standard Time on Nov 06, 2025 Announcement • Jul 25
Melco Resorts & Entertainment Limited to Report Q2, 2025 Results on Jul 31, 2025 Melco Resorts & Entertainment Limited announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jun 13
Melco Resorts & Entertainment Limited Appoints John Peter Ben Wang as Independent Non-Executive Director and Committee's Melco Resorts & Entertainment Limited announced the appointment of Mr. John Peter Ben Wang as an independent non-executive director of the Company, effective as of June 13, 2025. In addition, Mr. Wang has been appointed as the chairman of the Company’s audit and risk committee and a member of each of the Company’s compensation committee and nominating and corporate governance committee. Mr. Wang previously served as a director of the Company from November 2006 to August 2016. From 2011 to 2019, Mr. Wang served as Deputy Chairman and Executive Director of Summit Ascent Holdings Limited, a company listed on the Stock Exchange of Hong Kong Limited. Mr. Wang also served as the chief financial officer of Melco International Development Limited from 2004 to 2009. Prior to that, Mr. Wang held senior positions at financial institutions and has substantial experience in finance, accounting and investment banking. Mr. Wang qualified as a chartered accountant with the Institute of Chartered Accountants in England and Wales in 1985. He graduated from the University of Kent at Canterbury in the United Kingdom with a bachelor’s degree in accounting in July 1982. Announcement • Jun 09
Melco Resorts & Entertainment Limited Announces Developments in Relation to Mocha Clubs and Grand Dragon Casino Melco Resorts & Entertainment Limited announced that, after considering the company's overall development strategy and in accordance with Macau law, Grand Dragon Casino and three Mocha Clubs, namely Mocha Hotel Royal, Mocha Kuong Fat and Mocha Grand Dragon Hotel, will cease operations before the end of 2025. The employees working at these venues will be assigned to work at other properties of the Company in Macau, which will secure continued employment for these employees within their current job duties. Gaming tables and electronic gaming machines operating at the above-mentioned affected venues will also be re-allocated to, and continue operations at, other casinos or gaming areas of the Company in Macau. In addition, the Company will apply for the relevant authorizations and approvals from the Macau SAR government for three Mocha Clubs, namely Mocha Inner Harbour, Mocha Hotel Sintra and Mocha Golden Dragon, to continue operations after December 2025, subject to compliance with all legal and regulatory requirements. Announcement • May 02
Melco Resorts & Entertainment Limited to Report Q1, 2025 Results on May 08, 2025 Melco Resorts & Entertainment Limited announced that they will report Q1, 2025 results on May 08, 2025 Announcement • Apr 14
Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 04, 2025 Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 04, 2025. Location: salon vi, level 2, grand hyatt macau, estrada do istmo, cotai, macau, city of dreams United States Announcement • Feb 24
Melco Resorts & Entertainment Limited to Report Q4, 2024 Results on Feb 27, 2025 Melco Resorts & Entertainment Limited announced that they will report Q4, 2024 results on Feb 27, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$0.063 (vs US$0.037 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.063 (up from US$0.037 loss in 3Q 2023). Revenue: US$1.18b (up 16% from 3Q 2023). Net income: US$27.3m (up US$43.6m from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Oct 30
Melco Resorts & Entertainment Limited to Report Q3, 2024 Results on Nov 05, 2024 Melco Resorts & Entertainment Limited announced that they will report Q3, 2024 results on Nov 05, 2024 New Risk • Sep 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$845m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: US$0.049 (vs US$0.054 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.049 (up from US$0.054 loss in 2Q 2023). Revenue: US$1.16b (up 22% from 2Q 2023). Net income: US$21.4m (up US$44.8m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Melco Resorts & Entertainment Limited to Report Q2, 2024 Results on Aug 13, 2024 Melco Resorts & Entertainment Limited announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • Jun 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$853m). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Announcement • Jun 06
Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces an Equity Buyback for $500 million worth of its shares. Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces a share repurchase program. Under the program, the company will repurchase up to $500 million worth of its ordinary shares and/or American depositary shares. The program will continue over a three-year period commencing from June 2, 2024. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.035 (vs US$0.18 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.035 (up from US$0.18 loss in 1Q 2023). Revenue: US$1.11b (up 55% from 1Q 2023). Net income: US$15.2m (up US$96.5m from 1Q 2023). Profit margin: 1.4% (up from net loss in 1Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Melco Resorts & Entertainment Limited to Report Q1, 2024 Results on Apr 30, 2024 Melco Resorts & Entertainment Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Apr 14
Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 05, 2024 Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 05, 2024, at 12:00 China Standard Time. Location: Salon VI, Level 2, Grand Hyatt Macau, City of Dreams, Estrada do Istmo, Cotai, Macau Reported Earnings • Mar 02
Full year 2023 earnings released: US$0.63 loss per share (vs US$2.01 loss in FY 2022) Full year 2023 results: US$0.63 loss per share (improved from US$2.01 loss in FY 2022). Revenue: US$3.78b (up 180% from FY 2022). Net loss: US$277.6m (loss narrowed 70% from FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Mar 01
Melco Resorts & Entertainment Limited Announces Resignation of David Sisk, COO of Macau Melco Resorts & Entertainment Limited announced that David Sisk, its COO of Macau has resigned. Announcement • Feb 23
Melco Resorts & Entertainment Limited to Report Q4, 2023 Results on Feb 29, 2024 Melco Resorts & Entertainment Limited announced that they will report Q4, 2023 results on Feb 29, 2024 Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.037 loss per share (vs US$0.53 loss in 3Q 2022) Third quarter 2023 results: US$0.037 loss per share (improved from US$0.53 loss in 3Q 2022). Revenue: US$1.02b (up 321% from 3Q 2022). Net loss: US$16.3m (loss narrowed 93% from 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$623m). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Announcement • Nov 02
Melco Resorts & Entertainment Limited to Report Q3, 2023 Results on Nov 07, 2023 Melco Resorts & Entertainment Limited announced that they will report Q3, 2023 results on Nov 07, 2023 Reported Earnings • Aug 02
Second quarter 2023 earnings released: US$0.054 loss per share (vs US$0.53 loss in 2Q 2022) Second quarter 2023 results: US$0.054 loss per share (improved from US$0.53 loss in 2Q 2022). Revenue: US$947.9m (up 220% from 2Q 2022). Net loss: US$23.4m (loss narrowed 91% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Melco Resorts & Entertainment Limited to Report Q2, 2023 Results on Aug 01, 2023 Melco Resorts & Entertainment Limited announced that they will report Q2, 2023 results on Aug 01, 2023 Buying Opportunity • Jul 14
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be €15.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 9.6%. Buying Opportunity • Jun 15
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €13.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Earnings per share has declined by 9.6%. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.18 loss per share (vs US$0.39 loss in 1Q 2022) First quarter 2023 results: US$0.18 loss per share (improved from US$0.39 loss in 1Q 2022). Revenue: US$716.5m (up 51% from 1Q 2022). Net loss: US$81.3m (loss narrowed 56% from 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Announcement • May 05
Melco Resorts & Entertainment Limited to Report Q1, 2023 Results on May 10, 2023 Melco Resorts & Entertainment Limited announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on May 10, 2023 Reported Earnings • Mar 02
Full year 2022 earnings released: US$2.01 loss per share (vs US$1.70 loss in FY 2021) Full year 2022 results: US$2.01 loss per share (further deteriorated from US$1.70 loss in FY 2021). Revenue: US$1.35b (down 33% from FY 2021). Net loss: US$930.5m (loss widened 15% from FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 26
Now 21% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be €8.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 50% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 79% in a year. Earnings is forecast to grow by 53% in the next year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Francesca Galante was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.53 loss per share (vs US$0.49 loss in 3Q 2021) Third quarter 2022 results: US$0.53 loss per share (further deteriorated from US$0.49 loss in 3Q 2021). Revenue: US$241.8m (down 46% from 3Q 2021). Net loss: US$243.8m (loss widened 4.6% from 3Q 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2022 earnings released: US$0.53 loss per share (vs US$0.39 loss in 2Q 2021) Second quarter 2022 results: US$0.53 loss per share (down from US$0.39 loss in 2Q 2021). Revenue: US$296.1m (down 48% from 2Q 2021). Net loss: US$251.5m (loss widened 35% from 2Q 2021). Over the next year, revenue is forecast to grow 53%, compared to a 694% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Announcement • Aug 19
Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces an Equity Buyback for 84,995,799 shares, representing 5.86% for $152.71 million. Melco Resorts & Entertainment Limited (NasdaqGS:MLCO) announces a share repurchase program. Under the program, the company will repurchase up to 9,995,799 Ordinary Shares and 25,000,000 restricted ADSs (representing 75,000,000 Ordinary Shares), representing approximately 5.84% of its issued share capital in aggregate, for $152.71 million or HKD 1,191.13 million. The shares will be repurchased from Melco Leisure and Entertainment Group Limited. The company intends to finance the share repurchase through a combination of internal financial resources and bank borrowings. The repurchased shares will be cancelled. The purpose of the program is to facilitate the financing arrangements of the company and the group as a whole. The program will close on the date that is 5 business days after the day on which the last of the conditions precedent is satisfied or waived (other than those conditions that by their nature are to be satisfied at the Closing), where applicable, or at such other time as is mutually agreed in writing by Melco Resorts and Melco Leisure, thus closing is currently expected to occur on or around August 25, 2022. Announcement • Aug 17
Melco Resorts & Entertainment Limited to Report Q2, 2022 Results on Aug 18, 2022 Melco Resorts & Entertainment Limited announced that they will report Q2, 2022 results on Aug 18, 2022 Buying Opportunity • Jun 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €6.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 33% in a year. Earnings is forecast to grow by 32% in the next year. Buying Opportunity • May 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be €5.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 46% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 39% in a year. Earnings is forecast to grow by 35% in the next year. Reported Earnings • May 06
First quarter 2022 earnings released: US$0.39 loss per share (vs US$0.49 loss in 1Q 2021) First quarter 2022 results: US$0.39 loss per share (up from US$0.49 loss in 1Q 2021). Revenue: US$474.9m (down 8.5% from 1Q 2021). Net loss: US$183.3m (loss narrowed 21% from 1Q 2021). Over the next year, revenue is forecast to grow 44%, compared to a 114% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • May 05
Melco Resorts & Entertainment Limited to Report Q1, 2022 Results on May 05, 2022 Melco Resorts & Entertainment Limited announced that they will report Q1, 2022 results on May 05, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Francesca Galante was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 06, 2022 Melco Resorts & Entertainment Limited, Annual General Meeting, Jun 06, 2022, at 12:30 China Standard Time. Location: Salon VI, Level 2, Grand Hyatt Macau, City of Dreams Estrada do Istmo, Cotai Macau Macau Reported Earnings • Apr 02
Full year 2021 earnings released: US$1.70 loss per share (vs US$2.65 loss in FY 2020) Full year 2021 results: US$1.70 loss per share (up from US$2.65 loss in FY 2020). Revenue: US$2.01b (up 17% from FY 2020). Net loss: US$811.8m (loss narrowed 36% from FY 2020). Over the next year, revenue is forecast to grow 39%, compared to a 44% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Buying Opportunity • Mar 05
Now 22% undervalued Over the last 90 days, the stock is up 8.5%. The fair value is estimated to be US$11.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% per annum over the last 3 years. The company became loss making over the last 3 years. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$1.70 loss per share (up from US$2.65 loss in FY 2020). Revenue: US$2.01b (up 17% from FY 2020). Net loss: US$811.8m (loss narrowed 36% from FY 2020). Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 37%, compared to a 106% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Feb 24
Melco Resorts & Entertainment Limited to Report Q4, 2021 Results on Mar 01, 2022 Melco Resorts & Entertainment Limited announced that they will report Q4, 2021 results Pre-Market on Mar 01, 2022 Reported Earnings • Nov 10
Third quarter 2021 earnings released: US$0.49 loss per share (vs US$0.69 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$446.4m (up 110% from 3Q 2020). Net loss: US$233.2m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 28
Second quarter 2021 earnings released: US$0.39 loss per share (vs US$0.77 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$566.4m (up 222% from 2Q 2020). Net loss: US$185.7m (loss narrowed 50% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • May 01
First quarter 2021 earnings released: US$0.49 loss per share (vs US$0.76 loss in 1Q 2020) The company reported a mediocre first quarter result with weaker revenues, although its control over expenses remained stable and losses reduced. First quarter 2021 results: Revenue: US$518.9m (down 36% from 1Q 2020). Net loss: US$232.9m (loss narrowed 36% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 03
Full year 2020 earnings released: US$2.65 loss per share (vs US$0.78 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.73b (down 70% from FY 2019). Net loss: US$1.26b (down 439% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 27
Full year 2020 earnings released: US$2.65 loss per share (vs US$0.78 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$1.73b (down 70% from FY 2019). Net loss: US$1.26b (down 439% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 99% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 135%, compared to a 27% growth forecast for the Hospitality industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day high: €16.80 The company is up 8.0% from its price of €15.60 on 27 November 2020. The German market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.96 per share. Announcement • Feb 19
Melco Resorts & Entertainment Limited to Report Q4, 2020 Results on Feb 25, 2021 Melco Resorts & Entertainment Limited announced that they will report Q4, 2020 results on Feb 25, 2021 Is New 90 Day High Low • Jan 26
New 90-day low: €13.10 The company is down 2.0% from its price of €13.30 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.98 per share. Announcement • Dec 23
Melco Announces Adoption of Revolutionary Water Refill System in Resort Guest Rooms to Save 14.8 Million Plastic Bottles Annually Melco Resorts & Entertainment’s commitment to eliminate single-use plastic (SUP) and its Zero Waste Resorts goal by 2030, the company has installed the Nordaq 2000 Refilling System at Morpheus at City of Dreams, with further plans to implement the system across its entire property portfolio in Macau, including hotels at City of Dreams, Studio City and Altira Macau in 2021. With the capacity to fill 2,000 bottles of purified water per hour on-site, the system will help replace the use of plastic bottles in Melco-operated resort guest rooms. It is estimated that the initiative will eliminate the production, transportation, and supply of 14.8 million plastic bottles annually, significantly reducing plastic waste and its associated carbon footprint. As part of the Company’s broader sustainability strategy ‘Above & Beyond’, Melco is the first hospitality and integrated resort operator, globally, to sign up to the New Plastics Economy Global Commitment. In developing roadmaps across its global operations to address the use of SUP, the Company stands in support of the Ellen MacArthur Foundation and the UN Environment Programme’s call for more businesses to commit to eliminating problematic packaging. The company also recently announced the rolling out of the Artificial Intelligence (A.I.)-powered product Winnow Vision into its own-operated buffet restaurants to tackle one of the industry’s biggest challenges, food waste. Reported Earnings • Nov 07
Third quarter 2020 earnings released: US$0.69 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$212.9m (down 85% from 3Q 2019). Net loss: US$331.6m (down 499% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 54% compared to a 5.0% decline forecast for the Hospitality industry in Germany. Announcement • Oct 30
Melco Resorts & Entertainment Limited to Report Q3, 2020 Results on Nov 05, 2020 Melco Resorts & Entertainment Limited announced that they will report Q3, 2020 results at 11:53 AM, GMT Standard Time on Nov 05, 2020 Is New 90 Day High Low • Oct 14
New 90-day low: €12.70 The company is down 17% from its price of €15.30 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.17 per share. Announcement • Aug 14
Melco Resorts & Entertainment Limited to Report Q2, 2020 Results on Aug 20, 2020 Melco Resorts & Entertainment Limited announced that they will report Q2, 2020 results at 11:52 AM, GMT Standard Time on Aug 20, 2020 
