Melco Resorts & Entertainment reported strong Q3 2025 performance with group-wide adjusted property EBITDA rising 18% year-over-year to approximately $380 million, driven by robust recovery in Macau and significant growth in the Philippines and Cyprus.
- Macau property EBITDA increased by 21% year-over-year, achieving record mass table GGR in October.
- Strong momentum in the Philippines with 45% quarter-over-quarter EBITDA growth; Cyprus property EBITDA rose 53% year-over-year.
- Liquidity remains strong at $2.6 billion, with a cash balance increase of $360 million, facilitating ongoing debt repayments.
- Introduction of new premium offerings, including the Signature Clubhouse at City of Dreams, enhancing customer engagement.
- Continued operational discipline maintained with steady OpEx at approximately $3 million per day.
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