Quarterly ResultApr 30, 2026, 08:30 AM
MSC Q1 Revenue +9.3% to $176.7M; Swings to Net Income $2.9M
AI Summary
Studio City International Holdings Limited reported strong unaudited financial results for Q1 2026, with total operating revenues increasing to $176.7 million, up from $161.7 million in Q1 2025. This growth was driven by better performance in mass market operations and higher non-gaming revenues. The company also achieved a net income of $2.9 million, a significant improvement from a net loss of $16.0 million in the prior year period, alongside increased operating income and Adjusted EBITDA.
Key Highlights
- MSC Q1 2026 total operating revenues increased to $176.7M from $161.7M YoY.
- Gross gaming revenues rose to $373.5M in Q1 2026 from $336.2M YoY.
- Operating income increased to $28.0M in Q1 2026 from $15.3M YoY.
- Adjusted EBITDA grew to $80.0M in Q1 2026 from $69.9M YoY.
- Net income attributable to MSC was $2.9M ($0.02 per ADS) vs. net loss of $16.0M ($0.08 per ADS) YoY.
- Non-gaming revenues increased to $89.8M in Q1 2026 from $85.8M YoY.
- Total debt, net, reduced by $9.8M to $2.01B as of March 31, 2026.