Picture of Studio City International Holdings logo

MSC Studio City International Holdings News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsSpeculativeSmall CapNeutral

Macau's Studio City Q4 revenue rises 4.8%, driven by mass market gaming

Overview

Macau integrated resort's Q4 revenue rose to $160.3 mln, driven by mass market gaming

Adjusted EBITDA for Q4 increased to $60.2 mln

Company reported Q4 net loss of $20.5 mln

Outlook

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

Result Drivers

MASS MARKET GAMES - Improved performance in mass market table games operations drove revenue increase, with higher table games drop and hold percentage

NON-GAMING REVENUES - Higher non-gaming revenues contributed to overall revenue growth

GAMING MACHINE REALLOCATION - Closure of two hotels led to reallocation of 108 gaming machines to Studio City, supporting casino operations

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$160.30 mln
Q4 Net Income-$20.50 mln
Q4 Adjusted EBITDA$60.20 mln
Q4 Capex$4.20 mln
Q4 Operating Income$7.80 mln
Press Release: ID:nGNX432dn7 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.)

Recent news on Studio City International Holdings

See all news