Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2025 Earnings
Rhea-AI Summary
Studio City (NYSE: MSC) reported unaudited Q4 2025 and full-year results. Q4 operating revenue was US$160.3 million and Adjusted EBITDA was US$60.2 million. For full-year 2025, total operating revenue was US$694.6 million and Adjusted EBITDA was US$284.5 million.
Studio City reported a 2025 net loss attributable to shareholders of US$58.8 million, total cash of US$109.5 million and total debt of US$2.02 billion as of December 31, 2025.
Positive
- Adjusted EBITDA increased to US$284.5M for 2025 (vs US$245.3M)
- Operating income rose to US$70.0M for 2025 (vs US$38.1M)
- Total debt reduced to US$2.02B as of Dec 31, 2025
Negative
- Cash and bank balances down to US$109.5M at year-end
- Net loss attributable to shareholders of US$58.8M for 2025
- Q4 interest expense of US$30.4M contributed to non-operating costs
Key Figures
Market Reality Check
Peers on Argus
MSC was up 2.66% while key peers GDEN, MCRI, BALY, MLCO and PENN all traded lower (e.g., MCRI -4.06%, PENN -3.68%), pointing to a stock-specific reaction around its earnings rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jul 31 | Q2 2025 earnings | Positive | +0.2% | Stronger mass market gaming drove higher revenue, EBITDA and lower net loss. |
| May 08 | Q1 2025 earnings | Positive | +12.3% | Revenue and EBITDA growth with strategic shift to mass and premium mass play. |
| Mar 21 | 2024 annual report | Neutral | -4.3% | Form 20-F filing providing audited 2024 results and detailed disclosures. |
| Feb 27 | Q4 2024 earnings | Negative | -6.5% | Higher revenue but weaker operating income and EBITDA with larger net loss. |
| Nov 05 | Q3 2024 earnings | Positive | +0.8% | Improved revenues, EBITDA and reduced net loss alongside lower total debt. |
Earnings and related filings have generally seen modest, often positive, price alignment, with only one clearly negative earnings reaction in the past five same-tag events.
Over the past few quarters, Studio City has repeatedly reported improving fundamentals, with rising operating revenues and Adjusted EBITDA alongside narrowing net losses. Q3 and Q2 2024–2025 earnings showed stronger mass-market and non-gaming contributions, while Q4 2024 highlighted higher revenues but weaker profitability. The Q1 and Q2 2025 updates continued the trend of improved EBITDA and reduced net loss. Today’s Q4 and full-year 2025 earnings fit into this trajectory of gradual operational recovery and deleveraging.
Historical Comparison
Past earnings-related releases for MSC have produced relatively modest average moves of about 0.52%, suggesting typically contained reactions to financial updates.
Same-tag earnings events since late 2024 show a gradual progression: rising mass-focused revenues, stronger Adjusted EBITDA, narrowing net losses and incremental debt reduction as the repositioning away from VIP continues.
Market Pulse Summary
This announcement details continued recovery, with Q4 and full-year 2025 operating revenues and Adjusted EBITDA improving while net losses and total debt decline. The shift toward premium mass and mass-market play, along with modest capital expenditures of US$4.2M, frames a more disciplined operating profile. Investors may watch future quarters for sustained EBITDA growth, further deleveraging from the US$2.02B debt level, and whether non-gaming revenues keep expanding.
Key Terms
adjusted ebitda financial
hold percentage technical
gaming machine handle technical
senior secured credit facility financial
AI-generated analysis. Not financial advice.
MACAU, Feb. 12, 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 reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025.
Total operating revenues for the fourth quarter of 2025 were US
Studio City Casino generated gross gaming revenues of US
Mass market table games drop was US
Gaming machine handle for the fourth quarter of 2025 was US
As reported in the earnings release for the fourth quarter of 2024, Studio City has strategically repositioned itself to focus on the premium mass and mass operations, and VIP rolling chip operations at Studio City were transferred to City of Dreams in late October 2024.
Mocha Grand Dragon Hotel and Mocha Hotel Royal ceased operations during the fourth quarter of 2025, following which 108 gaming machines were re-allocated to Studio City by Melco Resorts (Macau) Limited, the gaming operator of the Studio City Casino (the “Gaming Operator”).
Revenue from casino contract was US
Total gaming taxes and the costs incurred in connection with the on-going operation of the Studio City Casino deducted from gross gaming revenues were US
Total non-gaming revenues at Studio City for the fourth quarter of 2025 were US
Operating income for the fourth quarter of 2025 was US
Studio City’s Adjusted EBITDA(1) was US
Net loss attributable to Studio City International Holdings Limited for the fourth quarter of 2025 was US
Other Factors Affecting Earnings
Total net non-operating expenses for the fourth quarter of 2025 were US
Depreciation and amortization costs of US
Adjusted EBITDA for Studio City for the three months ended December 31, 2025 referred to in the earnings release of Melco Resorts & Entertainment Limited (“Melco Resorts”) dated February 12, 2026 (“Melco Resorts’ Earnings Release”) was US
Financial Position and Capital Expenditures
Total cash and bank balances as of December 31, 2025 aggregated to US
Capital expenditures for the fourth quarter of 2025 were US
Full Year Results
For the year ended December 31, 2025, Studio City International Holdings Limited reported total operating revenues of US
Operating income for 2025 was US
Studio City’s Adjusted EBITDA was US
Net loss attributable to Studio City International Holdings Limited for 2025 was US
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.
Non-GAAP Financial Measures
- "Adjusted EBITDA" is defined as net income/loss before interest, taxes, depreciation, amortization, pre-opening costs, property charges and other and other non-operating income and expenses. Adjusted EBITDA, which is a non-GAAP financial measure, is presented as supplemental disclosure because management believes it is widely used to measure the performance, and as a basis for valuation, of gaming companies. Management uses Adjusted EBITDA to measure our operating performance and to compare our operating performance with those of our competitors.
The Company also presents Adjusted EBITDA because it is used by some investors as a way to measure a company’s ability to incur and service debt, make capital expenditures, and meet working capital requirements. Gaming companies have historically reported similar measures as supplements to financial measures in accordance with generally accepted accounting principles, in particular, U.S. GAAP or International Financial Reporting Standards. However, Adjusted EBITDA should not be considered as an alternative to operating income/loss as an indicator of the Company’s performance, as an alternative to cash flows from operating activities as a measure of liquidity, or as an alternative to any other measure determined in accordance with U.S. GAAP. Unlike net income/loss, Adjusted EBITDA does not include depreciation and amortization or interest expense and, therefore, do not reflect current or future capital expenditures or the cost of capital. The Company recognizes these limitations and uses Adjusted EBITDA as only one of several comparative tools, together with U.S. GAAP measurements, to assist in the evaluation of operating performance.
Such U.S. GAAP measurements include operating income/loss, net income/loss, cash flows from operations and cash flow data. The Company has significant uses of cash flows, including capital expenditures, interest payments, debt principal repayments, taxes and other recurring and nonrecurring charges, which are not reflected in Adjusted EBITDA. Also, the Company’s calculation of Adjusted EBITDA may be different from the calculation methods used by other companies and, therefore, comparability may be limited. The use of Adjusted EBITDA has material limitations as an analytical tool, as Adjusted EBITDA does not include all items that impact our net income/loss. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measure to its most directly comparable GAAP financial measure. Reconciliations of Adjusted EBITDA with the most comparable financial measures calculated and presented in accordance with U.S. GAAP are provided herein immediately following the financial statements included in this press release. - “Adjusted net income/loss” is net income/loss before pre-opening costs, property charges and other and loss on extinguishment of debt, net of participation interest and taxes. Adjusted net income/loss, which is a non-GAAP financial measure, is presented as supplemental disclosure because management believes it provides useful information to investors and others in understanding and evaluating our performance, in addition to income/loss computed in accordance with U.S. GAAP. Adjusted net income/loss may be different from the calculation methods used by other companies and, therefore, comparability may be limited. Reconciliations of adjusted net income/loss attributable to Studio City International Holdings Limited with the most comparable financial measures calculated and presented in accordance with U.S. GAAP are provided herein immediately following the financial statements included in this press release.
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
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Condensed Consolidated Statements of Operations (Unaudited) | |||||||||||||||
| (In thousands, except share and per share data) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Operating revenues: | |||||||||||||||
| Revenue from casino contract | $ | 68,976 | $ | 63,563 | $ | 305,946 | $ | 259,842 | |||||||
| Rooms | 43,037 | 42,921 | 168,011 | 160,721 | |||||||||||
| Food and beverage | 22,524 | 22,176 | 90,118 | 89,660 | |||||||||||
| Entertainment | 3,506 | 4,311 | 39,115 | 47,533 | |||||||||||
| Services fee | 15,994 | 14,371 | 68,265 | 59,529 | |||||||||||
| Mall | 5,143 | 4,522 | 19,202 | 18,289 | |||||||||||
| Retail and other | 1,101 | 999 | 3,909 | 3,571 | |||||||||||
| Total operating revenues | 160,281 | 152,863 | 694,566 | 639,145 | |||||||||||
| Operating costs and expenses: | |||||||||||||||
| Costs related to casino contract | (9,265 | ) | (8,781 | ) | (38,494 | ) | (34,704 | ) | |||||||
| Rooms | (15,058 | ) | (14,130 | ) | (60,241 | ) | (51,614 | ) | |||||||
| Food and beverage | (20,168 | ) | (20,844 | ) | (79,306 | ) | (80,081 | ) | |||||||
| Entertainment | (4,256 | ) | (7,179 | ) | (38,430 | ) | (46,500 | ) | |||||||
| Mall | (1,920 | ) | (1,980 | ) | (7,726 | ) | (7,336 | ) | |||||||
| Retail and other | (613 | ) | (592 | ) | (2,433 | ) | (2,306 | ) | |||||||
| General and administrative | (48,823 | ) | (42,618 | ) | (183,387 | ) | (171,271 | ) | |||||||
| Pre-opening costs | (10 | ) | 22 | (510 | ) | (807 | ) | ||||||||
| Amortization of land use right | (831 | ) | (832 | ) | (3,316 | ) | (3,314 | ) | |||||||
| Depreciation and amortization | (51,897 | ) | (51,934 | ) | (208,700 | ) | (201,746 | ) | |||||||
| Property charges and other | 333 | (875 | ) | (1,985 | ) | (1,318 | ) | ||||||||
| Total operating costs and expenses | (152,508 | ) | (149,743 | ) | (624,528 | ) | (600,997 | ) | |||||||
| Operating income | 7,773 | 3,120 | 70,038 | 38,148 | |||||||||||
| Non-operating income (expenses): | |||||||||||||||
| Interest income | 192 | 619 | 914 | 4,059 | |||||||||||
| Interest expense | (30,399 | ) | (32,372 | ) | (126,266 | ) | (133,594 | ) | |||||||
| Other financing costs | (393 | ) | (279 | ) | (1,839 | ) | (592 | ) | |||||||
| Foreign exchange (losses) gains, net | (170 | ) | (1,232 | ) | 462 | (5,500 | ) | ||||||||
| Loss on extinguishment of debt | - | (17 | ) | - | (1,000 | ) | |||||||||
| Total non-operating expenses, net | (30,770 | ) | (33,281 | ) | (126,729 | ) | (136,627 | ) | |||||||
| Loss before income tax | (22,997 | ) | (30,161 | ) | (56,691 | ) | (98,479 | ) | |||||||
| Income tax benefit (expense) | 591 | (199 | ) | (7,606 | ) | (7,352 | ) | ||||||||
| Net loss | (22,406 | ) | (30,360 | ) | (64,297 | ) | (105,831 | ) | |||||||
| Net loss attributable to participation interest | 1,928 | 2,612 | 5,532 | 9,105 | |||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (20,478 | ) | $ | (27,748 | ) | $ | (58,765 | ) | $ | (96,726 | ) | |||
| Net loss attributable to Studio City International Holdings Limited per Class A ordinary share: | |||||||||||||||
| Basic and diluted | $ | (0.027 | ) | $ | (0.036 | ) | $ | (0.076 | ) | $ | (0.126 | ) | |||
| Net loss attributable to Studio City International Holdings Limited per ADS: | |||||||||||||||
| Basic and diluted | $ | (0.106 | ) | $ | (0.144 | ) | $ | (0.305 | ) | $ | (0.502 | ) | |||
| Weighted average Class A ordinary shares outstanding used in net loss attributable to Studio City International Holdings Limited per Class A ordinary share calculation: | |||||||||||||||
| Basic and diluted | 770,352,700 | 770,352,700 | 770,352,700 | 770,352,700 | |||||||||||
| Studio City International Holdings Limited and Subsidiaries | |||||||
| Condensed Consolidated Balance Sheets (Unaudited) | |||||||
| (In thousands, except share and per share data) | |||||||
| December 31, | December 31, | ||||||
| 2025 | 2024 | ||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 109,401 | $ | 127,634 | |||
| Accounts receivable, net | 1,887 | 1,976 | |||||
| Receivables from affiliated companies | 735 | 309 | |||||
| Inventories | 8,727 | 7,306 | |||||
| Prepaid expenses and other current assets | 10,740 | 29,140 | |||||
| Total current assets | 131,490 | 166,365 | |||||
| Property and equipment, net | 2,485,029 | 2,652,169 | |||||
| Long-term prepayments, deposits and other assets | 69,141 | 52,504 | |||||
| Restricted cash | 130 | 130 | |||||
| Operating lease right-of-use assets | 11,571 | 11,647 | |||||
| Land use right, net | 99,073 | 102,629 | |||||
| Total assets | $ | 2,796,434 | $ | 2,985,444 | |||
| LIABILITIES, SHAREHOLDERS’ EQUITY AND | |||||||
| PARTICIPATION INTEREST | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 6,401 | $ | 3,285 | |||
| Accrued expenses and other current liabilities | 91,438 | 118,117 | |||||
| Income tax payable | 15,257 | 7,626 | |||||
| Current portion of long-term debt, net | - | 21,597 | |||||
| Payables to affiliated companies | 66,946 | 30,131 | |||||
| Total current liabilities | 180,042 | 180,756 | |||||
| Long-term debt, net | 2,024,569 | 2,141,750 | |||||
| Other long-term liabilities | 6,290 | 4,115 | |||||
| Deferred tax liabilities, net | 60 | 77 | |||||
| Operating lease liabilities, non-current | 12,095 | 12,227 | |||||
| Total liabilities | 2,223,056 | 2,338,925 | |||||
| Shareholders’ equity and participation interest: | |||||||
| Class A ordinary shares, par value | |||||||
| 770,352,700 shares issued and outstanding | 77 | 77 | |||||
| Class B ordinary shares, par value | |||||||
| 72,511,760 shares issued and outstanding | 7 | 7 | |||||
| Additional paid-in capital | 2,477,359 | 2,477,359 | |||||
| Accumulated other comprehensive income | 618 | 8,701 | |||||
| Accumulated losses | (1,954,174 | ) | (1,895,409 | ) | |||
| Total shareholders’ equity | 523,887 | 590,735 | |||||
| Participation interest | 49,491 | 55,784 | |||||
| Total shareholders’ equity and participation interest | 573,378 | 646,519 | |||||
| Total liabilities, shareholders’ equity and participation interest | $ | 2,796,434 | $ | 2,985,444 | |||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Reconciliation of Net Loss Attributable to Studio City International Holdings Limited to | |||||||||||||||
| Adjusted Net Loss Attributable to Studio City International Holdings Limited (Unaudited) | |||||||||||||||
| (In thousands, except share and per share data) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (20,478 | ) | $ | (27,748 | ) | $ | (58,765 | ) | $ | (96,726 | ) | |||
| Pre-opening costs | 10 | (22 | ) | 510 | 807 | ||||||||||
| Property charges and other | (333 | ) | 875 | 1,985 | 1,318 | ||||||||||
| Loss on extinguishment of debt | - | 17 | - | 1,000 | |||||||||||
| Income tax impact on adjustments | 118 | (3 | ) | (137 | ) | (15 | ) | ||||||||
| Participation interest impact on adjustments | 18 | (75 | ) | (203 | ) | (269 | ) | ||||||||
| Adjusted net loss attributable to Studio City International Holdings Limited | $ | (20,665 | ) | $ | (26,956 | ) | $ | (56,610 | ) | $ | (93,885 | ) | |||
| Adjusted net loss attributable to Studio City International Holdings Limited per Class A ordinary share: | |||||||||||||||
| Basic and diluted | $ | (0.027 | ) | $ | (0.035 | ) | $ | (0.073 | ) | $ | (0.122 | ) | |||
| Adjusted net loss attributable to Studio City International Holdings Limited per ADS: | |||||||||||||||
| Basic and diluted | $ | (0.107 | ) | $ | (0.140 | ) | $ | (0.294 | ) | $ | (0.487 | ) | |||
| Weighted average Class A ordinary shares outstanding used in adjusted net loss attributable to Studio City International Holdings Limited per Class A ordinary share calculation: | |||||||||||||||
| Basic and diluted | 770,352,700 | 770,352,700 | 770,352,700 | 770,352,700 | |||||||||||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||
| Reconciliation of Operating Income to Adjusted EBITDA (Unaudited) | |||||||||||||
| (In thousands) | |||||||||||||
| Three Months Ended | Year Ended | ||||||||||||
| December 31, | December 31, | ||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||
| Operating income | $ | 7,773 | $ | 3,120 | $ | 70,038 | $ | 38,148 | |||||
| Pre-opening costs | 10 | (22 | ) | 510 | 807 | ||||||||
| Depreciation and amortization | 52,728 | 52,766 | 212,016 | 205,060 | |||||||||
| Property charges and other | (333 | ) | 875 | 1,985 | 1,318 | ||||||||
| Adjusted EBITDA | $ | 60,178 | $ | 56,739 | $ | 284,549 | $ | 245,333 | |||||
| Studio City International Holdings Limited and Subsidiaries | |||||||||||||||
| Reconciliation of Net Loss Attributable to Studio City International Holdings Limited | |||||||||||||||
| to Adjusted EBITDA (Unaudited) | |||||||||||||||
| (In thousands) | |||||||||||||||
| Three Months Ended | Year Ended | ||||||||||||||
| December 31, | December 31, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Net loss attributable to Studio City International Holdings Limited | $ | (20,478 | ) | $ | (27,748 | ) | $ | (58,765 | ) | $ | (96,726 | ) | |||
| Net loss attributable to participation interest | (1,928 | ) | (2,612 | ) | (5,532 | ) | (9,105 | ) | |||||||
| Net loss | (22,406 | ) | (30,360 | ) | (64,297 | ) | (105,831 | ) | |||||||
| Income tax (benefit) expense | (591 | ) | 199 | 7,606 | 7,352 | ||||||||||
| Interest and other non-operating expenses, net | 30,770 | 33,281 | 126,729 | 136,627 | |||||||||||
| Depreciation and amortization | 52,728 | 52,766 | 212,016 | 205,060 | |||||||||||
| Property charges and other | (333 | ) | 875 | 1,985 | 1,318 | ||||||||||
| Pre-opening costs | 10 | (22 | ) | 510 | 807 | ||||||||||
| Adjusted EBITDA | $ | 60,178 | $ | 56,739 | $ | 284,549 | $ | 245,333 | |||||||
| Studio City International Holdings Limited and Subsidiaries | ||||||||||||||||||||||
| Supplemental Data Schedule | ||||||||||||||||||||||
| Three Months Ended | Year Ended | |||||||||||||||||||||
| December 31, | December 31, | |||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||||||||
| Room Statistics: | ||||||||||||||||||||||
| Average daily rate (3) | $ | 174 | $ | 175 | $ | 171 | $ | 165 | ||||||||||||||
| Occupancy per available room | 98 | % | 97 | % | 98 | % | 96 | % | ||||||||||||||
| Revenue per available room (4) | $ | 169 | $ | 169 | $ | 167 | $ | 159 | ||||||||||||||
| Other Information: | ||||||||||||||||||||||
| Average number of table games | 253 | 253 | 253 | 251 | ||||||||||||||||||
| Average number of gaming machines | 851 | 797 | 775 | 709 | ||||||||||||||||||
| Table games win per unit per day (5) | $ | 13,505 | $ | 12,563 | $ | 13,635 | $ | 13,091 | ||||||||||||||
| Gaming machines win per unit per day (6) | $ | 362 | $ | 401 | $ | 451 | $ | 431 | ||||||||||||||
| (3) | Average daily rate is calculated by dividing total room revenues including complimentary rooms (less service charges, if any) by total occupied rooms including complimentary rooms | |||||||||||||||||||||
| (4) | Revenue per available room is calculated by dividing total room revenues including complimentary rooms (less service charges, if any) by total rooms available | |||||||||||||||||||||
| (5) | Table games win per unit per day is shown before discounts, commissions, non-discretionary incentives (including the point-loyalty programs) as administered by the Gaming Operator and allocating casino revenues related to goods and services provided to gaming patrons on a complimentary basis | |||||||||||||||||||||
| (6) | Gaming machines win per unit per day is shown before non-discretionary incentives (including the point-loyalty programs) as administered by the Gaming Operator and allocating casino revenues related to goods and services provided to gaming patrons on a complimentary basis | |||||||||||||||||||||
FAQ
What were Studio City (MSC) Q4 2025 operating revenues and Adjusted EBITDA?
How did Studio City (MSC) perform for full-year 2025 on Adjusted EBITDA and operating income?
What net loss and earnings per ADS did Studio City (MSC) report for 2025?
What is Studio City (MSC) cash and debt position as of December 31, 2025?
How did Studio City (MSC) casino operations perform in Q4 2025 in gaming metrics?
