Studio City International Holdings (MSC) Financial Statements & Analysis

Studio City International Holdings (MSC) Income Statement

Studio City International Holdings reported revenue of $694.57M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 8.7% from $639.14M a year earlier. Studio City International Holdings posted a net loss of $58.77M, compared with a net loss of $96.73M a year earlier. Gross margin was 67.4% and operating margin 10.1%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $164.56M, down 13.4% from the same quarter a year earlier.

Studio City International Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Studio City International Holdings Limited income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	694.57	639.15	445.54	11.55	106.87	49.21	626.73	571.21	539.81
Cost of Revenue	226.63	222.84	171.12	78.76	76.22	79.60	145.30	128.27	130.25
Gross Profit	467.94	416.60	274.42	-67.21	30.65	-30.39	481.44	442.94	409.57
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	186.70	174.59	118.51	79.79	90.90	89.01	128.93	132.64	152.68
Operating Expenses	397.90	378.46	303.46	210.00	222.23	249.54	303.44	305.08	329.12
Operating Income	70.04	38.15	-29.04	-277.22	-191.57	-279.93	178.00	137.86	80.45
Other Income/Expense
Interest Income	0.91	4.06	10.68	6.43	3.06	1.28	5.86	3.58	2.17
Interest Expense	-126.27	-133.59	-129.57	92.36	-90.97	104.80	132.29	160.51	159.92
Other Income/Expense	-126.73	-136.63	-117.12	-83.71	-110.89	-126.18	-133.97	-158.06	-157.13
Income
Income Before Tax	-56.69	-98.48	-146.17	-360.93	-302.46	-406.10	44.03	-20.20	-76.68
Income Tax Expense	-7.61	-7.35	0.08	0.38	0.46	-1.01	0.40	0.54	-0.24
Net Income	-58.77	-96.73	-133.52	-326.45	-252.56	-321.63	33.56	-21.60	-76.44
Net Income - Continuous Operations	-64.30	-96.73	-133.52	-326.45	-252.56	-321.63	33.56	-21.60	-76.44
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	280.54	240.69	137.05	-141.61	-67.17	-140.97	348.27	308.20	259.57
EBIT	71.84	38.95	-29.04	-277.22	-190.07	-	-	-	-
Depreciation & Amortization	208.70	201.75	166.10	126.96	122.91	160.33	171.94	167.89	176.33
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-7.00	-3.00	-17.00	1.00	-	-1.00
Diluted EPS	-	-1.00	-1.00	-7.00	-3.00	-17.00	1.00	-	-1.00
Basic Shares Outstanding	192.59	192.59	192.59	44.41	92.59	23.15	60.45	47.88	74.27
Diluted Shares Outstanding	192.59	192.59	192.59	48.94	92.59	23.15	60.45	47.88	74.27

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Studio City International Holdings Financial Statements

What was Studio City International Holdings's revenue in fiscal 2025?

Studio City International Holdings reported revenue of $694.57M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.7% from $639.14M a year earlier.

Is Studio City International Holdings profitable?

No. Studio City International Holdings reported a net loss of $58.77M in fiscal 2025. In fiscal 2024 it lost $96.73M.

What is Studio City International Holdings's operating margin?

Studio City International Holdings's operating income was $70.04M on revenue of $694.57M in fiscal 2025, an operating margin of 10.1%, compared with 6.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition