Melco Resorts & Entertainment stock stays below USD 5 after Q2 results

Published on 10/07/2026 at 05:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Melco Resorts & Entertainment stock reported USD 1.25 billion in Q2 revenue on August 13, 2026, down 5.7 percent year over year. Analysts set a USD 7.27 average target.

MLCO, US5854641009, Illustration mit AI erstellt.

Melco Resorts & Entertainment stock (ISIN US5854641009) was last at USD 4.24 on Nasdaq on October 6, 2026 at 4:00 p.m. ET, up 0.24 percent. The latest quarterly picture combines a 5.7 percent revenue decline with an operating test from the phased REM opening in Macau.

Revenue fell to USD 1.25 billion

According to MarketBeat on August 13, 2026, Melco reported second-quarter 2026 earnings per share of USD 0.06, matching consensus, while revenue reached USD 1.25 billion and declined 5.7 percent from the prior-year quarter. The result gives the stock a mixed operating signal: earnings met expectations, but sales remained under pressure.

The price context is demanding. Melco's USD 4.24 closing price stood above the Nasdaq 52-week low of USD 4.06 and below the high of USD 9.53 on October 6, 2026, while market capitalization was USD 1.6 billion and volume reached 1,447,432 shares.

Analysts see room above USD 7

MarketBeat lists a Moderate Buy consensus based on 10 analysts, with an average price target of USD 7.27, a high target of USD 9.50 and a low target of USD 5.70. The average target lies 71.4 percent above the October 6 price.

That spread places the burden of proof on execution rather than valuation alone. The company must show that Macau demand, new hospitality capacity and cost discipline can offset the weaker second-quarter revenue trend.

REM adds a new operating test

In the Q2 2026 earnings call, Yahoo Finance reported that Melco had soft opened REM and planned its grand opening after Golden Week in October. Management also said City of Dreams Manila generated property EBITDA of USD 31 million in the second quarter, up 9 percent year over year.

The contrast matters for investors. Macau remains the largest operating pressure point, while Manila provides a quantified example of growth outside the core market.

Stock remains below USD 5

Melco Resorts & Entertainment stock closed at USD 4.24 on Nasdaq on October 6, 2026, with a 52-week range of USD 4.06 to USD 9.53. The next decisive checkpoints are the ramp-up of REM and the company's ability to convert analyst expectations into stronger revenue.