Studio City International Holdings Stock Price, News & Analysis

Studio City International Holdings Limited (NYSE: MSC), a world-class integrated resort in Cotai, Macau, has scheduled the release of its unaudited financial results for the first quarter of 2025 on Thursday, May 8, 2025. The announcement is a standard earnings release notification, providing shareholders and investors with the date to expect the company's Q1 2025 financial performance details.

Studio City International Holdings (NYSE: MSC) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024. The report is accessible through the Annual Reports section on the company's investor relations website.

The world-class integrated resort located in Cotai, Macau, will provide shareholders and ADS holders with free hard copies of the annual report containing audited consolidated financial statements upon request through their investor relations website.

Studio City International Holdings (NYSE: MSC) has reported its Q4 2024 financial results, showing total operating revenues of US$152.9 million, up from US$141.3 million in Q4 2023. The increase was driven by Macau's tourism recovery and higher gaming and non-gaming revenues.

Studio City Casino generated gross gaming revenues of US$321.8 million in Q4 2024, compared to US$294.8 million in Q4 2023. The casino has strategically repositioned to focus on premium mass and mass segments, with VIP operations transferred to City of Dreams in October 2024. Mass market table games drop increased to US$891.7 million, with a 32.1% hold percentage.

However, operating income decreased to US$3.1 million from US$13.3 million year-over-year, while Adjusted EBITDA declined to US$56.7 million from US$64.8 million. The company reported a net loss of US$27.7 million for Q4 2024, compared to US$18.6 million in Q4 2023. Total debt stood at US$2.16 billion as of December 31, 2024.

Studio City International Holdings (NYSE: MSC) has announced it will release its unaudited financial results for the fourth quarter and full year ended December 31, 2024, on Thursday, February 27, 2025. The company, which operates a world-class integrated resort in Cotai, Macau, included standard safe harbor statements acknowledging various risk factors that could affect future performance, including changes in the Macau gaming market, global economic conditions, capital market volatility, implementation of amended Macau gaming laws, and regulatory approvals.

Studio City International Holdings announces that its subsidiary, Studio City Company, has secured a new HK$1.945 billion (approximately US$250 million) revolving credit facility through a senior facilities agreement with a banking syndicate. The five-year facility includes an option to increase commitments by up to US$100 million. The agreement is secured and guaranteed by the Company and its subsidiaries.

Additionally, Studio City Company has amended its existing credit facilities of HK$234.0 million to align terms with the new agreement. The proceeds will be used for refinancing existing debt and general corporate purposes.

Studio City International Holdings reported its Q3 2024 financial results, showing total operating revenues of US$174.6 million, up from US$137.6 million in Q3 2023. The casino generated gross gaming revenues of US$335.5 million, compared to US$256.3 million in Q3 2023. The company achieved an Adjusted EBITDA of US$68.2 million, an improvement from US$56.3 million in Q3 2023. Despite revenue growth, the company recorded a net loss of US$21.0 million, reduced from US$28.4 million loss in Q3 2023. Total debt decreased by approximately US$60 million compared to Q2 2024.

Studio City International Holdings (NYSE: MSC), a leading integrated resort in Cotai, Macau, has announced the release date for its third-quarter 2024 unaudited financial results. The results will be disclosed on Tuesday, November 5, 2024. This announcement allows investors and stakeholders to anticipate the company's financial performance for the recent quarter.

Black Spade Acquisition II Co (NASDAQ: BSIIU) has successfully closed its initial public offering of 15,000,000 units at $10.00 per unit, raising $150 million in gross proceeds. The units, trading under 'BSIIU', consist of one Class A ordinary share and one-third of a redeemable warrant. Once separated, shares and warrants will trade as 'BSII' and 'BSIIW' respectively.

The company, a special purpose acquisition company (SPAC), is sponsored by an affiliate of Black Spade Capital , the private investment arm of Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment. Clear Street and Cohen & Company Capital Markets acted as joint book-running managers. The SPAC aims to pursue merger opportunities in the entertainment, lifestyle, and technology industries, with a focus on AI beneficiaries.

Studio City International Holdings (NYSE: MSC) reported its Q2 2024 financial results. Total operating revenues increased to US$161.5 million, up from US$115.2 million in Q2 2023. The growth was driven by Macau's tourism recovery and the ramp-up of Studio City Phase 2 operations. Studio City Casino's gross gaming revenues rose to US$339.3 million, with improvements in rolling chip volume, mass market table games drop, and gaming machine handle.

The company generated Adjusted EBITDA of US$54.2 million, compared to US$29.1 million in Q2 2023. However, Studio City reported a net loss of US$33.4 million, an improvement from the US$48.5 million loss in the same period last year. Total debt decreased to US$2.23 billion, a reduction of US$100 million from Q1 2024.