Macau's Studio City Q4 revenue rises 4.8%, driven by mass market gaming

Reuters
Feb 12
Macau's <a href="https://laohu8.com/S/MSC">Studio City</a> Q4 revenue rises 4.8%, driven by mass market gaming

Overview

  • Macau integrated resort's Q4 revenue rose to $160.3 mln, driven by mass market gaming

  • Adjusted EBITDA for Q4 increased to $60.2 mln

  • Company reported Q4 net loss of $20.5 mln

Outlook

  • Company did not provide specific guidance for future quarters or full year

Result Drivers

  • MASS MARKET GAMES - Improved performance in mass market table games operations drove revenue increase, with higher table games drop and hold percentage

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

  • GAMING MACHINE REALLOCATION - Closure of two hotels led to reallocation of 108 gaming machines to Studio City, supporting casino operations

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$160.30 mln

Q4 Net Income

-$20.50 mln

Q4 Adjusted EBITDA

$60.20 mln

Q4 Capex

$4.20 mln

Q4 Operating Income

$7.80 mln

Press Release: ID:nGNX432dn7

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(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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