Studio City International Holdings Limited (MSC)MSCStudio City International Holdings Limited

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	709.57M	176.72M	160.28M	182.51M	190.05M	—	—	—	—
Cost of Goods Sold	226.71M	51.43M	50.95M	58.33M	66.00M	—	—	—	—
Gross Profit	482.87M	125.29M	109.33M	124.19M	124.05M	—	—	—	—
Gross Profit Margin	70.9%	70.9%	68.2%	68.0%	65.3%	—	—	—	—
Total Operating Expenses	400.53M	97.25M	102.06M	100.23M	100.98M	—	—	—	—
Research & Development	—	—	—	—	—	—	—	—	—
Selling, General & Administrative	188.37M	45.45M	48.82M	46.26M	47.84M	—	—	—	—
Operating Income (EBIT)	82.34M	28.04M	7.27M	23.95M	23.07M	—	—	—	—
Operating Margin	15.9%	15.9%	4.5%	13.1%	12.1%	—	—	—	—
Income Before Tax (EBT)	-34.98M	6.18M	-23.00M	-17.15M	-1.01M	—	—	—	—
Interest Income	806K	166K	192K	205K	243K	—	—	—	—
Interest Expense	125.23M	30.46M	30.79M	30.89M	33.08M	—	—	—	—
Other Income/Expense	-117.31M	-21.86M	-30.27M	-41.10M	-24.08M	—	—	—	—
Net Income	-39.94M	2.86M	-20.48M	-18.57M	-3.75M	-15.97M	-27.75M	-20.97M	-33.43M
Income Tax Expense	8.72M	3.05M	-591K	3.17M	3.09M	—	—	—	—
Net Profit Margin	1.6%	1.6%	-12.8%	-10.2%	-2.0%	—	—	—	—
EBITDA	293.67M	79.83M	60.00M	77.93M	75.91M	—	—	—	—
EBITDA Margin	45.2%	45.2%	37.4%	42.7%	39.9%	—	—	—	—
Depreciation & Amortization	211.33M	51.80M	52.73M	53.98M	52.83M	0.00	0.00	0.00	0.00
EPS Basic	-0.85	0.06	-0.44	-0.39	-0.08	—	—	—	—
EPS Diluted	-0.85	0.06	-0.44	-0.39	-0.08	—	—	—	—
Shares Outstanding	48.15M	48.15M	48.15M	48.15M	48.15M	—	—	—	—
Diluted Shares Outstanding	48.15M	48.15M	48.15M	48.15M	48.15M	—	—	—	—

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	694.57M	639.14M	445.54M	11.55M	106.87M	49.21M	626.73M	571.21M
Cost of Goods Sold	228.62M	223.86M	172.53M	78.76M	82.25M	79.59M	145.30M	128.27M
Gross Profit	465.95M	415.29M	273.01M	-67.21M	24.62M	-30.39M	481.44M	442.94M
Gross Profit Margin	67.1%	65.0%	61.3%	-582.0%	23.0%	-61.8%	76.8%	77.5%
Total Operating Expenses	395.91M	377.14M	302.05M	210.00M	216.19M	249.54M	303.44M	305.08M
Research & Development	—	—	—	—	—	—	—	—
Selling, General & Administrative	183.39M	171.27M	115.20M	79.78M	87.58M	89.01M	128.93M	132.64M
Operating Income (EBIT)	70.04M	38.15M	-29.04M	-277.22M	-191.57M	-279.93M	178.00M	137.86M
Operating Margin	10.1%	6.0%	-6.5%	-2400.6%	-179.3%	-568.9%	28.4%	24.1%
Income Before Tax (EBT)	-56.69M	-98.48M	-146.16M	-360.93M	-302.46M	-406.10M	44.03M	-20.20M
Interest Income	914K	4.06M	10.68M	6.43M	3.06M	1.28M	5.86M	3.58M
Interest Expense	128.10M	133.59M	129.57M	92.36M	90.97M	104.80M	132.29M	160.51M
Other Income/Expense	-126.73M	-136.63M	-117.12M	-83.71M	-110.89M	-126.17M	-133.97M	-158.06M
Net Income	-58.77M	-96.73M	-133.52M	-326.45M	-252.56M	-321.63M	33.56M	-21.60M
Income Tax Expense	7.61M	7.35M	-81K	382K	-457K	-1.01M	402K	544K
Net Profit Margin	-8.5%	-15.1%	-30.0%	-2826.9%	-236.3%	-653.6%	5.4%	-3.8%
EBITDA	282.05M	243.21M	140.35M	-150.26M	-63.94M	-119.59M	349.94M	305.75M
EBITDA Margin	40.6%	38.1%	31.5%	-1301.2%	-59.8%	-243.0%	55.8%	53.5%
Depreciation & Amortization	212.02M	205.06M	169.40M	126.96M	127.63M	160.33M	171.94M	167.89M
EPS Basic	-1.24	-2.00	-2.76	-7.36	-10.92	-17.32	0.56	-0.43
EPS Diluted	-1.24	-2.00	-2.76	-7.36	-10.92	-17.32	0.56	-0.43
Shares Outstanding	48.15M	48.15M	48.15M	44.41M	23.15M	23.15M	60.45M	47.88M
Diluted Shares Outstanding	48.15M	48.15M	48.15M	48.94M	23.15M	23.15M	60.45M	47.88M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Studio City International Holdings Limited

Studio City International Holdings Limited is responsible for running a major resort complex in Cotai, Macau, which integrates gaming, retail, and entertainment options. At the heart of its offerings is the Studio City Casino, which features 250 gaming tables catering to the mass market, approximately 947 electronic gaming machines, and 45 exclusive VIP rolling chip tables. Beyond the casino, the resort boasts a wide array of non-gaming amenities. These include about 1,600 upscale hotel rooms, numerous dining and drinking establishments, a distinctive figure-8 Ferris wheel, a vibrant nightclub and karaoke venue, a 5,000-seat arena for live performances, and roughly 27,000 square meters of supporting retail space. The company, originally known as Cyber One Agents Limited, was rebranded as Studio City International Holdings Limited in January 2012. Established in 2000, its corporate headquarters are situated in Central, Hong Kong. Studio City International Holdings Limited operates as a subsidiary under the ownership of MCO Cotai Investments Limited.

Central

5,848 employees

www.studiocity-macau.com

Consumer Cyclical / Gambling, Resorts & Casinos

Sector: Consumer Cyclical
Industry: Gambling, Resorts & Casinos
CEO: Geoffrey Stuart Davis

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