Studio City(US:MSC) Globenewswire·2026-02-12 12:57Core Insights - Studio City International Holdings Limited reported an increase in total operating revenues for Q4 2025, reaching US$160.3 million, up from US$152.9 million in Q4 2024, driven by improved mass market table games performance and higher non-gaming revenues [2][14] - The company generated gross gaming revenues of US$342.7 million in Q4 2025, compared to US$321.8 million in Q4 2024, indicating a positive trend in gaming operations [2] - For the full year 2025, total operating revenues were US$694.6 million, an increase from US$639.1 million in 2024, attributed to better performance in mass market operations [14] Financial Performance - Operating income for Q4 2025 was US$7.8 million, compared to US$3.1 million in Q4 2024, reflecting improved operational efficiency [8] - Adjusted EBITDA for Q4 2025 was US$60.2 million, up from US$56.7 million in Q4 2024, primarily due to higher revenues [8] - The net loss attributable to Studio City for Q4 2025 was US$20.5 million, an improvement from a net loss of US$27.7 million in Q4 2024 [9][16] Gaming Operations - Mass market table games drop was US$931.7 million in Q4 2025, up from US$891.7 million in Q4 2024, with a hold percentage of 33.7% compared to 32.1% in the previous year [3] - Gaming machine handle for Q4 2025 was US$935.8 million, an increase from US$888.9 million in Q4 2024, with a win rate of 3.0% [3] Non-Gaming Revenues - Total non-gaming revenues for Q4 2025 were US$91.3 million, slightly up from US$89.3 million in Q4 2024, indicating stable growth in non-gaming segments [7] Financial Position - As of December 31, 2025, total cash and bank balances were US$109.5 million, down from US$127.8 million a year earlier [12] - Total debt at the end of Q4 2025 was US$2.02 billion, reduced from US$2.16 billion at the end of 2024, primarily due to debt repayment [12] Capital Expenditures - Capital expenditures for Q4 2025 were US$4.2 million, reflecting ongoing investments in the business [13]