Macau International Development (00200): Total operating revenue of US$1.17 billion in the third quarter decreased by about 10% year-on-year

According to the Zhitong Finance App, Melco International Development (00200) announced that the total operating revenue of the Company's listed subsidiary, Melco Entertainment for the third quarter of 2026 was US$1.17 billion, a decrease of about 10% from US$1.31 billion in the same period in 2025. The decrease in total operating revenue is mainly due to a slowdown in the performance of the lounge and midfield table gaming business and the overall non-gaming business.

Operating revenue for the third quarter of 2026 was $102 million, compared to $184.5 million in the third quarter of 2025.

The adjusted property EBITDA for the third quarter of 2026 (i.e. net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, development costs, property expenses and other, share-based remuneration, payments to Philippine contractors (Philippine Contractors) under cooperative arrangements, integrated resort and casino rents, corporate and other expenses, and other non-operating income and expenses) was US$380.4 million in the third quarter of 2025.

The net revenue attributable to MIA Entertainment for the third quarter of 2026 was US$34,000, or US$0.00009 per share of the ADR, compared to US$74.7 million, or $0.19,124 per share of the ADR in the third quarter of 2025. Net losses attributable to non-controlling interests in the third quarter of 2026 and 2025 were US$9.1 million and US$12.6 million respectively, mainly due to Studio City, City of Dreams Mediterranean and others.