Melco International Development Full Year 2024 Earnings: EPS Beats Expectations

Melco International Development (HKG:200) Full Year 2024 Results

Key Financial Results

• Revenue: HK$36.2b (up 23% from FY 2023).
• Net loss: HK$784.6m (loss narrowed by 55% from FY 2023).
• HK$0.52 loss per share (improved from HK$1.16 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Melco International Development EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.

The primary driver behind last 12 months revenue was the Casino and Hospitality segment contributing a total revenue of HK$36.2b (100% of total revenue). Explore how 200's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are down 9.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Melco International Development you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.