Studio City Reports Revenue Surge Amidst Net Loss
Company Announcements

Studio City Reports Revenue Surge Amidst Net Loss

Studio City International Holdings (MSC) has released an update.

Studio City International Holdings reported a substantial increase in operating revenues to $161.5 million in Q2 2024, up from $115.2 million the previous year, largely due to a recovery in Macau’s tourism and the successful opening of Studio City Phase 2. The company saw a significant rise in gaming revenues, including a higher rolling chip win rate and mass market table games drop, yet reported a net loss of $33.4 million, an improvement over the $48.5 million loss in Q2 2023. Despite this, the company reduced its total debt by $100 million and recorded higher Adjusted EBITDA of $54.2 million.

For further insights into MSC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskStudio City International Sees Revenue Boost Amid Expansion
TipRanks Auto-Generated NewsdeskStudio City Reports Q3 2024 Revenue Growth
TheFlyStudio City reports Q3 adjusted EPS (11c) vs. (15c) last year
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App