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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