Studio City International Reports Q3 2025 Financials

Studio City International Holdings ( (MSC) ) has released its Q3 earnings. Here is a breakdown of the information Studio City International Holdings presented to its investors.

Studio City International Holdings Limited is a world-class integrated resort located in Cotai, Macau, primarily operating in the gaming and hospitality industry. The company is known for its focus on mass market and premium mass gaming operations.

In the third quarter of 2025, Studio City International Holdings reported an increase in total operating revenues to $182.5 million, up from $174.6 million in the same period of the previous year. This growth was driven by improved performance in mass market operations and an increase in revenue from casino contracts.

Key financial highlights include gross gaming revenues of $344.4 million, a rise in mass market table games drop to $942.5 million, and an enhanced hold percentage of 33.1%. The gaming machine handle also saw an increase, reaching $873.3 million with a win rate of 3.7%. Operating income improved to $23.9 million, and Adjusted EBITDA rose to $78.1 million, reflecting the company’s strategic focus on mass market operations.

Despite these positive trends, the company reported a net loss of $18.6 million, a slight improvement from the $21.0 million loss in the third quarter of 2024. The reduction in net loss was attributed to strategic repositioning and cost management efforts. Total debt was reduced significantly, primarily due to the repayment of senior notes and credit facilities.

Looking ahead, Studio City International Holdings remains focused on enhancing its mass market and premium mass operations, with management optimistic about future performance improvements. The company’s strategic initiatives and financial management efforts are expected to continue driving growth and operational efficiency.