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Studio City(MSC) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:34
Financial Performance - Q1 2025 - Total Operating Revenues increased to $162 million, a 7.7% increase compared to $150 million in Mar'24 [4] - Revenue from casino contracts grew to $76 million, a 13.5% increase from $67 million in Mar'24 [4] - Non-Gaming revenue reached $86 million, a 3.0% increase from $83 million in Mar'24 [4] - Total Operating Costs & Expenses increased to $(146) million, a 9.2% increase from $(134) million in Mar'24 [4] - Operating Income decreased to $15 million, a 5.0% decrease from $16 million in Mar'24 [4] - Net Loss increased to $(17) million, a 9.6% increase from $(16) million in Mar'24 [4] - Adjusted EBITDA increased to $70 million, a 5.6% increase from $66 million in Mar'24 [4] Key Operating Metrics - Q1 2025 - Mass Table Drop was $924 million, a 4% increase compared to 4Q'24 and 0% compared to 1Q'24 [13] - Mass Table Hold was 32.8%, a 68 bps increase compared to 4Q'24 and a 335 bps increase compared to 1Q'24 [13] - Mass GGR was $303 million, a 6% increase compared to 4Q'24 and 11% increase compared to 1Q'24 [13] - Slots GGR was $33 million, a 12% increase compared to 4Q'24 and 23% increase compared to 1Q'24 [13] - Total GGR was $336 million, a 4% increase compared to 4Q'24 and 6% increase compared to 1Q'24 [13]