Studio City Q2 revenue up 17.7%, narrows net loss

Reuters
07-31
<a href="https://laohu8.com/S/MSC">Studio City</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue up 17.7%, narrows net loss

Overview

  • Studio City Q2 revenue rises to $190.1 mln, driven by mass market operations

  • Adjusted EBITDA for Q2 increases to $76.4 mln, reflecting revenue growth

  • Net loss narrows to $3.7 mln from $33.4 mln in Q2 2024

Result Drivers

  • MASS MARKET OPERATIONS - Improved performance in mass market operations drove revenue increase, per company

  • CASINO CONTRACT REVENUE - Revenue from casino contract rose to $83.8 mln, attributed to strategic repositioning

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

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

$190.10 mln

Q2 Net Income

-$3.70 mln

Q2 Adjusted EBITDA

$76.40 mln

Q2 Capex

$16.30 mln

Q2 Operating Income

$23.10 mln

Press Release: ID:nGNX5hXKbq

(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.)

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