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MELCO INT'L DEV Subsidiary Melco Resorts' 2023 Adjusted EBITDA Lifts to US$1.04B
Recommend 3 Positive 5 Negative 5 |
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MELCO INT'L DEV (00200.HK) announced the 4Q23 results of its subsidiary Melco Resorts & Entertainment Limited. Total operating revenue during the quarter was US$1.09 billion, rocketing 224% YoY, mainly due to the relaxation of anti-pandemic restrictions in Macau and the opening of Studio City Phase 2, both of which drove performance improvements. A net loss of US$157 million was recorded, compared to a net loss of US$252 million for the same period in 2022. For 2023, the subsidiary logged a total operating revenue of US$3.78 billion, surging 180% YoY. Net loss narrowed to US$278 million from US$930 million in the prior year. Adjusted property EBITDA soared to US$1.04 billion from US$0.6 million in the prior year. AAStocks Financial News |
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