Macau's Studio City Q3 revenue rises 4.5%, helped by higher casino contract income

Studio City International Holdings

06/11/2025 13:18

Overview

Studio City Q3 2025 revenue rises to $182.5 mln, driven by mass market operations

Adjusted EBITDA for Q3 2025 increases to $78.1 mln, reflecting better casino contract performance

Net loss for Q3 2025 improves to $18.6 mln from $21.0 mln in 2024

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

MASS MARKET OPERATIONS - Improved performance in mass market operations drove revenue growth in Q3 2025

STRATEGIC SHIFT - Focus on premium mass and mass operations after transferring VIP operations contributed to growth

MACHINE REALLOCATION - Closure of Mocha Kuong Fat led to reallocation of gaming machines to Studio City, aiding performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$182.50 mln
Q3 Net Income
-$18.60 mln
Q3 Adjusted EBITDA
$78.10 mln
Q3 Capex
$9.70 mln
Q3 Operating Income
$23.90 mln


Press Release: ID:nGNX2kgQFc

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(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.)