Melco Crown Entertainment Limited (MLCO) saw its stock plunge 5.24% in pre-market trading on Thursday, following the release of its fourth quarter 2024 earnings results. The casino and resort operator reported a net loss of $20.3 million, or $0.048 per ADS, for the quarter ended December 31, 2024, missing analyst expectations.

Despite revenue increasing by 9% year-over-year to $1.19 billion, driven by improved performance across all gaming segments and non-gaming operations, Melco's bottom line was weighed down by higher operating costs and expenses. The company's adjusted net loss of $0.005 per ADS also fell short of analysts' estimates.

While Melco highlighted ongoing initiatives to enhance customer experience and build a stronger foundation for growth, particularly in Macau, investors appear to be disappointed with the company's overall quarterly performance. The pre-market stock sell-off suggests concerns over Melco's ability to navigate the challenging macroeconomic environment and sustain profitability.