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MSC — Studio City International Holdings News Story

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Macau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken

Macau's Studio City Q2 revenue falls as mass gaming, non-gaming weaken


Overview

  • Macau integrated resort's Q2 revenue fell yr/yr due to softer mass market gaming and non-gaming

  • Adjusted EBITDA for Q2 declined yr/yr as lower casino contract revenue weighed on results

  • Net loss widened in Q2, reflecting lower revenues and higher non-operating expenses


Outlook

  • Company did not provide specific guidance for future quarters or the full year


Result Drivers

  • MASS MARKET TABLE GAMES - Co said softer performance in mass market table games operations led to lower casino contract revenue

  • NON-GAMING REVENUES - Co said overall non-gaming revenues declined yr/yr


Company press release: ID:nGNX2TV6y5


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$164.60 mln

Q2 Net Loss

$15.60 mln

Q2 Adjusted EBITDA

$67 mln

Q2 Capex

$8.10 mln

Q2 Operating Income

$15 mln


Reuters Recommended Reads

  • Aug 12 - Hong Kong's Galaxy Entertainment Q2 revenue falls 2%

  • Aug 13 - Canada's Bragg Gaming Q2 revenue falls on Netherlands contract rolloff

  • Aug 12 - UK's Evoke H1 adjusted EBITDA down on higher gaming duties


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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