Studio City reported FY 2025 total operating revenues of USD 694.57 million, up 9% year over year, driven by better mass market performance that lifted revenue from casino contract and increased non-gaming revenues. Net loss attributable to shareholders narrowed to USD 58.76 million from the prior year. Adjusted EBITDA was USD 284.55 million, up 16%, and the Adjusted EBITDA margin increased to 41% from 38%. Revenue from casino contract rose to USD 305.9 million, up 18%, and Studio City Casino generated gross gaming revenues of USD 1.38 billion before gaming taxes and operating costs deducted by the gaming operator. Rooms revenue was USD 168 million, while average daily rate was USD 171 and occupancy was 98%.

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