Melco Resorts publishes Q3 2026 earnings call transcript
MLCO•Melco Resorts reported third-quarter adjusted property EBITDA of approximately US$288 million, or US$298 million adjusted for VIP hold, and cut 2026 capital spending guidance to roughly US$375 million. Management said dividends could resume toward late 2027, while deleveraging remains its top free-cash-flow priority.
1. Earnings and outlook
Melco Resorts’ November 4 earnings call featured CEO Lawrence Ho, President Evan Winkler, CFO Geoffrey Davis and Treasurer Jeanny Kim. Management said 2027 capital spending is planned at around US$275 million, and that dividend payments could resume toward late 2027, though further share repurchases could affect timing. Ho reported a 10% October decline in the Macau market; management described broader demand softness as temporary rather than structural.
