Quarterly ResultAug 13, 2026, 08:03 AM
Studio City Q2 Revenue Down 13.4% to $164.6M; Net Loss Widens
AI Summary
Studio City International Holdings Limited reported a significant decline in its second quarter 2026 financial results. Total operating revenues decreased by 13.4% to $164.6 million, primarily due to softer performance in mass market table games and lower non-gaming revenues. The company's net loss attributable to Studio City widened substantially to $15.6 million from $3.7 million in the prior year period. Despite the operational challenges, the company undertook debt refinancing activities, including issuing new senior secured notes and redeeming existing ones.
Key Highlights
- Total operating revenues decreased 13.4% to $164.6 million in Q2 2026.
- Net loss attributable to Studio City widened to $15.6 million from $3.7 million.
- Adjusted EBITDA declined 12.3% to $67.0 million.
- Revenue from casino contract fell 8.4% to $76.8 million.
- Non-gaming revenues decreased 17.4% to $87.8 million.
- Issued $300 million 6.125% senior secured notes due 2031.
- Refinanced $350 million 7.000% senior secured notes due 2027.
- Redeemed $165 million of 6.500% senior notes due 2028 post-quarter end.
Price Impact
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