Compared to Estimates, Melco (MLCO) Q4 Earnings: A Look at Key Metrics

By Zacks Equity Research | February 12, 2026, 11:00 AM

Melco Resorts (MLCO) reported $1.29 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 8.6%. EPS of $0.14 for the same period compares to -$0.01 a year ago.

The reported revenue represents a surprise of -1.2% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $0.12, the EPS surprise was +21.74%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Melco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Adjusted EBITDA- Mocha and Other: $4.39 million versus the three-analyst average estimate of $3.71 million.
  • Adjusted EBITDA- Altira Macau: $-3.5 million versus the three-analyst average estimate of $-0.79 million.
  • Adjusted EBITDA- City of Dreams: $193.71 million versus $193.24 million estimated by three analysts on average.
  • Adjusted EBITDA- City of Dreams Mediterranean and Other: $21.03 million versus $17.98 million estimated by three analysts on average.
  • Adjusted EBITDA- City of Dreams Manila: $33.06 million versus the three-analyst average estimate of $35.68 million.
  • Adjusted EBITDA- Corporate and Other: $-31.55 million versus the three-analyst average estimate of $-27.9 million.
  • Adjusted EBITDA- Studio City: $86.6 million compared to the $87.63 million average estimate based on three analysts.

View all Key Company Metrics for Melco here>>>

Shares of Melco have returned -7.8% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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