Want to see MSC full AI Analyst Report?
Studio City International Holdings (MSC) AI Stock Analysis
Studio City International Holdings
(NYSE:MSC)
MSC scores poorly, driven primarily by a strained financial profile: persistent net losses, a 3.9x debt-to-equity ratio, and an eroding equity base that leaves little cushion against any slowdown in Macau gaming demand. Technicals compound the concern, with the stock trading well below all major moving averages and negative MACD confirming a sustained downtrend, though oversold RSI and Stochastic readings hint at potential for a short-term bounce. Valuation offers little support, as the negative P/E reflects unprofitability and there is no dividend. On the positive side, revenue growth of 8.7%, ~40.7% EBITDA margins, and $148M of free cash flow show the operating recovery is real and provide capacity to service debt — but until the company reaches net profitability and meaningfully deleverages, risk remains elevated.
Studio City International Holdings Key Performance Indicators (KPIs)
Studio City International Holdings (MSC) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $37.76M
- Dividend Yield
- ―
- Average Volume (3M)
- 104.50K
- Price to Earnings (P/E)
- -0.7
- Beta (1Y)
- -0.48
- Revenue Growth
- 0.71%
- EPS Growth
- 24.32%
- Country
- US
- Employees
- 5,879
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Gambling, Resorts & Casinos
Studio City International Holdings Business Overview & Revenue Model
Company Description
Studio City International Holdings Limited is responsible for running a major resort complex in Cotai, Macau, which integrates gaming, retail, and entertainment options. At the heart of its offerings is the Studio City Casino, which features 250 gami...
How the Company Makes Money
The company generates revenue primarily by operating an integrated resort in Macau, combining casino gaming with non-gaming hospitality and entertainment offerings. Key revenue streams include: (1) Casino gaming: This is typically the largest driver,...
Studio City International Holdings Financial Statement Overview
Summary
Studio City is recovering post-pandemic, with revenue up 8.7% to ~$695M, EBITDA margins near 40.7%, and free cash flow turning positive at $148M. However, the company remains unprofitable (-$59M net loss in 2025), gross margin compressed sharply from ~65% to ~37%, and the balance sheet is highly leveraged with $2.05B of debt against a shrinking $524M equity base (3.9x debt-to-equity). Positive operating cash flow of $210M is the key offset, but the fragile capital structure and negative ROE (-11.2%) keep the score low.
Income Statement
38NegativeBalance Sheet
25NegativeCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 684.08M | 694.57M | 639.14M | 445.54M | 11.55M | 106.87M |
| Gross Profit | 421.48M | 465.95M | 415.29M | 273.01M | -67.21M | 24.62M |
| EBITDA | 283.14M | 281.59M | 240.18M | 152.80M | -141.61M | -83.86M |
| Net Income | -51.79M | -58.77M | -96.73M | -133.52M | -326.45M | -252.56M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 2.80B | 2.99B | 3.24B | 3.59B | 3.32B |
| Cash, Cash Equivalents and Short-Term Investments | 118.18M | 109.40M | 127.63M | 228.04M | 509.52M | 499.29M |
| Total Debt | 1.99B | 2.05B | 2.18B | 2.35B | 2.45B | 2.10B |
| Total Liabilities | 2.17B | 2.22B | 2.34B | 2.51B | 2.72B | 2.37B |
| Stockholders Equity | 484.45M | 523.89M | 590.74M | 728.98M | 876.14M | 944.18M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 148.35M | 103.14M | -175.72M | -630.90M | -541.32M |
| Operating Cash Flow | 0 | 210.32M | 189.90M | -18.89M | -178.78M | -136.84M |
| Investing Cash Flow | 0 | -85.15M | -108.46M | -161.54M | -453.39M | -407.24M |
| Financing Cash Flow | 0 | -143.11M | -183.26M | -100.90M | 643.11M | 471.51M |
Studio City International Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MSC, the sentiment is Negative. The current price of 0.78 is below the 20-day moving average (MA) of 0.89, below the 50-day MA of 1.19, and below the 200-day MA of 2.15, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 30.98 is Neutral, neither overbought nor oversold. The STOCH value of 11.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MSC.
Studio City International Holdings Risk Analysis
Studio City International Holdings disclosed 72 risk factors in its most recent earnings report. Studio City International Holdings reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksStudio City International Holdings Peers Comparison
Overall Rating
LVS55Neutral
MLCO54Neutral
MGM52Neutral
WYNN52Neutral
CZR43Neutral- MSC36Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| LVS | 55Neutral | $23.18B | 15.09 | 216.58% | 3.11% | 10.93% | 9.73% |
| MLCO | 54Neutral | $1.50B | 6.58 | -17.37% | ― | 6.01% | 338.84% |
| MGM | 52Neutral | $7.58B | 11.30 | 28.11% | ― | 2.57% | 1487.04% |
| WYNN | 52Neutral | $7.69B | 17.08 | -174.87% | 1.34% | 6.36% | 21.32% |
| CZR | 43Neutral | $5.93B | -11.10 | -15.71% | ― | 3.08% | -128.00% |
| MSC | 36Underperform | $165.26M | -0.72 | -10.08% | ― | 0.71% | 24.32% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| MSC | Studio City International Holdings | 0.78 | -3.21 | -80.35% | |
| LVS | Las Vegas Sands | 36.97 | -23.45 | -38.81% | |
| MLCO | Melco Resorts & Entertainment | 3.94 | -4.41 | -52.81% | |
| MGM | Mgm Resorts International | 29.96 | -2.17 | -6.75% | |
| WYNN | Wynn Resorts Limited | 74.66 | -49.90 | -40.06% | |
| CZR | Caesars Entertainment Inc | 29.09 | 8.64 | 42.25% |
Studio City International Holdings Corporate Events
Studio City Faces NYSE Price‑Compliance Deadline After October Notice
Studio City International Holdings Limited said that on October 30, 2026 it received a notice from the New York Stock Exchange stating its American depositary shares no longer meet the exchange’s minimum US$1.00 average closing price requiremen...
Studio City Sets November 4, 2026 Date for Q3 Earnings Release
Studio City International Holdings announced in Macau on October 28, 2026 that it plans to release its unaudited financial results for the third quarter of 2026 on November 4, 2026. The timing of this earnings disclosure will be closely watched by in...
Studio City Names Dominique Mielle Chair of Audit and Risk Committee
Studio City International Holdings Limited, a NYSE‑listed integrated resort operator in Cotai, Macau, focuses on gaming and entertainment offerings and benefits from the backing of majority shareholder Melco Resorts & Entertainment Limited....
Studio City Mourns Passing of Key Independent Director Kevin F. Sullivan
Studio City International Holdings Limited announced that independent director Kevin F. Sullivan passed away on September 4, 2026, in Macau. Sullivan had served on the board since October 2018, chairing the audit and risk committee and sitting on the...
Studio City International Strengthens Debt Profile with Redemptions and New 2031 Notes
On August 28, 2026, Studio City International Holdings filed a Form 6-K covering unaudited results for Studio City Finance Limited and Studio City Investments Limited for the three and six months ended June 30, 2026. The quarterly report details the...
Studio City Q2 2026 Earnings Decline as Resort Operator Reshapes Debt Profile
Studio City reported unaudited second‑quarter 2026 operating revenues of US$164.6 million, down from US$190.1 million a year earlier, reflecting softer mass‑market table performance and weaker non‑gaming income. Gross gaming revenue...
Studio City Sets August 13, 2026 Date for Q2 Earnings Release
Studio City International Holdings announced on August 7, 2026, that it plans to release its unaudited financial results for the second quarter of 2026 on August 13, 2026. The scheduled earnings disclosure will give investors and analysts a closer lo...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 01, 2026