Melco Resorts & Entertainment Limited has published the transcript of its Fourth Quarter 2025 Earnings Conference Call. The event featured senior management including Chairman and CEO Lawrence Ho, President Evan Winkler, CFO Geoffrey Davis, and Senior Vice President and Group Treasurer Jeanny Kim, along with property presidents from Macau, Manila, and Cyprus. During the call, executives highlighted the company's strong performance in 2025, emphasizing growth and recovery driven by disciplined cost management and margin expansion. “2025 was a year of growth and recovery, supported by disciplined cost management, and margin expansion,” stated the Chairman and CEO. The management also provided details on the Trademarks License Agreement with Melco International, explaining that the agreement was negotiated at arm’s length and includes a fee of up to 1.5% of gross revenues at City of Dreams Macau, excluding Grand Hyatt, with an initial term of 10 years starting January 1, 2024. The agreement will automatically renew annually unless either party opts out. The full transcript can be accessed through the link below.

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