Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025
Rhea-AI Summary
Studio City (NYSE: MSC) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, on March 13, 2026. The report, including audited consolidated financial statements, is available online and a free hard copy will be provided to shareholders and ADS holders upon request.
Shareholders can request the printed annual report through the company's investor relations website under the Document Request/Information Request sections.
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News Market Reaction – MSC
On the day this news was published, MSC declined 6.67%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Sector peers in Resorts & Casinos showed mixed moves, with some names up and others down, while MSC slipped 0.99%, pointing to stock-specific trading rather than a clear sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 12 | Q4 2025 earnings | Positive | +0.6% | Reported Q4 and full-year 2025 revenue growth and higher Adjusted EBITDA despite net loss. |
| Feb 05 | Earnings date notice | Neutral | +0.0% | Announced timing for release of unaudited Q4 and full-year 2025 financial results. |
| Nov 06 | Q3 2025 earnings | Positive | -9.3% | Detailed Q3 2025 revenue and EBITDA growth with narrower net loss versus prior year. |
| Oct 30 | Earnings date notice | Neutral | -4.5% | Set Q3 2025 earnings release date and reiterated standard forward-looking risk language. |
Earnings date notices have seen muted or negative moves, while one strong earnings update drew a notable selloff despite improving fundamentals.
Over the past several months, Studio City has focused on quarterly and full-year 2025 updates. Q3 and Q4 2025 earnings showed rising operating revenues and Adjusted EBITDA, but the company continued to report net losses and carry substantial debt. Earnings date announcements on Oct 30, 2025 and Feb 5, 2026 produced limited or negative price reactions. This 20-F filing formalizes the December 31, 2025 results already previewed in recent 6-K and earnings releases.
Market Pulse Summary
The stock moved -6.7% in the session following this news. A negative reaction despite this routine Form 20-F filing would fit a pattern where regulatory updates and earnings-related disclosures have sometimes coincided with selling, even amid improving revenues. The filing reiterates a 2025 net loss of US$58.8 million and substantial debt of about US$2.03 billion, plus an indication that no cash dividends are expected in the foreseeable future. Those factors could reinforce balance sheet and income-statement concerns for shareholders.
Key Terms
form 20-f regulatory
annual report financial
ads financial
AI-generated analysis. Not financial advice.
MACAU, March 13, 2026 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025. The annual report can be accessed under the Annual Reports section on the Company’s investor relations website at https://ir.studiocity-macau.com/annual-reports.
The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests can be made through the Information Request section on the Company’s investor relations website at https://ir.studiocity-macau.com/document-request.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) changes in the gaming market and visitations in Macau, (ii) local and global economic conditions, (iii) capital and credit market volatility, (iv) our anticipated growth strategies, (v) risks associated with the implementation of the amended Macau gaming law by the Macau government, (vi) gaming authority and other governmental approvals and regulations, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law.
About Studio City International Holdings Limited
The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com.
The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO).
For the investment community, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: jeannykim@melco-resorts.com
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com
