{"id":777014237,"date":"2024-03-25T08:35:33","date_gmt":"2024-03-25T11:35:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014237"},"modified":"2026-04-22T11:44:16","modified_gmt":"2026-04-22T14:44:16","slug":"melco-ups-q4-net-loss-after-review","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-ups-q4-net-loss-after-review","title":{"rendered":"Melco ups Q4 net loss after review"},"content":{"rendered":"\n<p>Melco Resorts has revised its Q4 net loss to US$205.9m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Melco Resorts &amp; Entertainment\u00a0<\/strong>has updated its fourth-quarter financials, adjusting the previously reported net loss of US$156.6m to US$205.9m. The amendment stems from a US$49.3m reduction in net deferred tax assets to nil from the originally reported US$49.3m.<\/p>\n\n\n\n<p>The net loss attributed to the company for the entirety of 2023 rises from US$277.6m to US$326.9m, still an improvement from the US$930.5m loss incurred in 2022. Aggregate operating revenue for 2023 was up 179.7 per cent year-on-year to just under US$3.78bn.\u00a0<\/p>\n\n\n\n<p>In March,\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/melco-to-see-pre-pandemic-leverage-in-1-to-2-years-analysts-say\" target=\"_blank\" rel=\"noreferrer noopener\">S&amp;P Global Ratings<\/a>\u00a0projected a potential return to pre-pandemic deleveraging for\u00a0<strong>Melco Resorts &amp; Entertainment\u00a0<\/strong>in the next 12 to 24 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melco Resorts has revised its Q4 net loss to US$205.9m.<\/p>\n","protected":false},"author":176,"featured_media":25856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco Resorts & Entertainment has revised its Q4 net loss for 2023 to US$205.9m, an increase from the previously reported US$156.6m, primarily due to a US$49.3m reduction in net deferred tax assets. This adjustment elevates the full-year 2023 net loss to US$326.9m, though it still represents a substantial improvement over 2022, with operating revenue up 179.7% year-on-year.","focusai_entities":"Melco Resorts & Entertainment, S&P Global Ratings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Deferred Tax Impact","query":"What specific accounting or regulatory factors led to the US$49.3m reduction in Melco's net deferred tax assets to nil, and what are the long-term implications for its balance sheet?"},{"label":"Deleveraging Outlook","query":"How does this revised Q4 net loss and the full-year financial adjustment influence S&P Global Ratings' projection for Melco's return to pre-pandemic deleveraging within 12 to 24 months?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23970],"class_list":["post-777014237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777014237"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014237\/revisions"}],"predecessor-version":[{"id":777014262,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014237\/revisions\/777014262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}