Revenue increased 11 per cent year-on-year.
Macau.- Melco Resorts & Entertainment Limited has reported operating revenue of US$1.31bn for Q3, 2025, up 11 per cent in year-on-year terms. Consolidated casino revenue was US$1.06bn, up 12.4 per cent year-on-year. Group non-gaming revenue was US$248m, up 7.5 per cent.
The company reported operating income of US$184.5m, up from US$138.6m in the third quarter of 2024. The group’s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) was US$380.4m, up 18 per cent year-on-year.
Net income attributable to Melco Resorts & Entertainment was US$74.7m, up 174 per cent compared to US$27.3m in the third quarter of 2024. The net loss attributable to noncontrolling interests was US$12.6m, down from US$14.6m.
City of Dreams Macau third quarter results
For the quarter ended September 30, 2025, operating revenue at City of Dreams was US$672.6m, compared with US$563.9m in the third quarter of 2024. City of Dreams’ Adjusted EBITDA was US$206.9m , compared with US$162.8m in the third quarter of 2024 amid improved performance in all gaming and non-gaming operations.
Rolling chip volume increased to US$5.58bn, compared with US$3.30bn in the third quarter of 2024, and the win rate was 3.68 per cent versus 3.97 per cent. The mass market table games drop increased to US$1.66bn from US$1.4bn in the third quarter of 2024 and hold percentage was 29.8 per cent, compared with 32.3 per cent. The gaming machine handle was US$1.04bn, compared with US$0.94bn in the third quarter of 2024. The win rate was flat at 3.2 per cent. Non-gaming revenue was US$94.8m, compared with US$78.7m in the third quarter of 2024.
Altira Macau
Ooperating revenue at Altira Macau was US$25.6m, compared with US$30.5m in the third quarter of 2024. Adjusted EBITDA was negative US$0.7m, compared with negative US$1.1m.
The Mass market table games drop was US$112.6m versus US$135.m and the gaming machine handle US$119.6m, compared with US$148m. Non-gaming revenue was US$5.1m compared with US$5.4m.
Studio City
Studio City posted operating revenue of US$375.3m, compared with US$364.7m in the third quarter of 2024. Adjusted EBITDA was US$104.7m compared with US$92.8m. The mass market table games drop was US$942.5m compared with US$912.9m.
The machine handle was US$873.3m, compared with US$853m, and non-gaming revenue was US$85.9m, compared with US$89.3m.
Lawrence Ho, chairman and chief executive officer, commented, “Our properties in Macau delivered solid growth in the third quarter of 2025 with Macau Property EBITDA improving by 21 per cent year-over-year. Margins remained stable, underscoring the strength of our core business and focus on cost discipline. We introduced new gaming areas and facilities during the quarter, providing our patrons with a differentiated experience, and will continue to introduce new initiatives that will elevate the quality of engagement with our customers.
“In the Philippines, Property EBITDA grew 45 per cent quarter-over-quarter, and in Cyprus, City of Dreams Mediterranean and our satellite casinos had its best quarter since opening with Property EBITDA growing 53 per cent year-over-year.”
Revenue increased 11 per cent year-on-year. Macau.- Melco Resorts & Entertainment Limited has reported operating revenue of US$1.31bn for Q3, 2025, up 11 per cent in year-on-year terms. Consolidated casino…
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