Melco Q1 revenue drops 36%, net loss narrows

Melco Resorts & Entertainment said its Q1 revenue dropped 36 percent from a year ago, although its net loss narrowed.

Revenue was $0.52 billion, while the net loss was $232.9 million, down from $364 million a year earlier.

The first quarter of 2020 was only partially affected by Covid lockdowns, explaining the higher revenue for the same time last year.

Company release