What factors drove MLCO's earnings beat in recent quarters?

Melco Resorts & Entertainment (MLCO) has experienced a decline in share price despite a stable revenue trend and a recent earnings beat. The key factors driving MLCO's earnings beat in recent quarters are as follows:

1. **Revenue Growth**: Melco's total revenue for Q4 2024, was $1.19 billion. This growth was primarily driven by the improved performance in gaming and non-gaming segments, especially at the City of Dreams property.
2. **Cost Management**: Melco's strategic cost management initiatives have been effective in controlling expenses, which has contributed to the profitability despite the competitive market conditions.
3. **Gaming Segment Performance**: The gaming segment has shown strong performance, with increased revenue from rolling chip wins and other gaming activities. This has been a key driver of the company's earnings growth.

In conclusion, Melco's earnings beat can be attributed to its strategic revenue growth focus, cost management, and strong performance in the gaming segment. These factors have collectively contributed to the company's recent earnings success.