Macao Orchestra Company Limited, which manages the city’s two flagship orchestras, remained in the red for the fourth consecutive year in 2025, posting a loss of nearly MOP56 million, according to an annual report released yesterday.
The government-backed company, established in early 2022 to professionalize operations and reduce reliance on public funds, saw its losses widen 3.3% from MOP54.22 million in 2024. The deficit has grown 27.9% since 2022, when the firm recorded a MOP43.8 million loss in its first year of operation.
Annual income fell 4.3% year-on-year to MOP67.12 million. While the city’s six gaming operators contributed MOP30 million in sponsorship, ticket revenue dropped 11% to just MOP1.71 million. Expenditure edged down 1% to MOP123.1 million.
The company also received MOP49.8 million in government subsidies to support development and day-to-day operations.
Both orchestras were founded in the 1980s and were previously managed directly by the government. The company was created to adopt professional orchestra-management practices and pursue more market-oriented operations aimed at reducing dependence on public funds.
The two ensembles staged 275 concerts last year – a 19.6% increase from 2024. Total audience numbers rose 9.6% to 103,781.
However, average attendance per performance fell 8.3% to just over 377. The Macao Orchestra saw a sharper decline, with average attendance down 18.1% to 460 per concert.
Despite the weak financial results, the company said it will continue expanding performances and international exchanges. It added that it will stage high-caliber concerts in collaboration with international musicians and arts groups, actively pursue improvements in artistic standards, and work through various channels to cultivate local musical talent – aiming to further strengthen Macau’s reputation as a “City of Performing Arts.”
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