Melco Sees US$2.62B 1H26 Revenue Rise but Profit Drops 11.8%
Melco International Development reported net revenues up 2.7% year-on-year to HK$20.5 billion (US$2.62 billion) for the first half of 2026, driven by stronger gaming performance in Macau, Manila and Cyprus. Profit attributable to owners fell 11.8% to HK$309.5 million as higher operating costs offset activity gains. Management said momentum in Macau started solidly but moderated in the second quarter, with the phased opening of REM commencing in Q3.