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
Metric
Beat/Miss
Actual
Consensus 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.)