Melco International Development Full Year 2023 Earnings: Misses Expectations

Melco International Development (HKG:200) Full Year 2023 Results

Key Financial Results

• Revenue: HK$29.5b (up 180% from FY 2022).
• Net loss: HK$1.74b (loss narrowed by 66% from FY 2022).
• HK$1.16 loss per share (improved from HK$3.40 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Melco International Development Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are down 1.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Melco International Development's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.