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Melco International Development Unit Books Higher Profit in Q1 2026

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-- Melco International Development (HKG:0200) subsidiary Melco Resorts & Entertainment reported $76.8 million in attributable profit for the first quarter of 2026, compared with earnings of $32.5 million in the year-ago period, according to a Sunday filing with the Hong Kong bourse.

Shares of Melco International Development fell 3% in late morning trade on Monday.

Earnings per share at the resort operator stood at $0.065 compared with $0.026 in the prior-year period.

Total operating revenues grew 11% to $1.37 billion from $1.23 billion in the year-ago period.

Meanwhile, the Melco Resorts board approved a new $500 million share repurchase program over a three-year period commencing April 30.

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