Overview

* Studio City Q3 2025 revenue rises to $182.5 mln, driven by mass market operations

* Adjusted EBITDA for Q3 2025 increases to $78.1 mln, reflecting better casino contract performance

* Net loss for Q3 2025 improves to $18.6 mln from $21.0 mln in 2024

Outlook

* Company did not provide specific guidance for future quarters

Result Drivers

* MASS MARKET OPERATIONS - Improved performance in mass market operations drove revenue growth in Q3 2025

* STRATEGIC SHIFT - Focus on premium mass and mass operations after transferring VIP operations contributed to growth

* MACHINE REALLOCATION - Closure of Mocha Kuong Fat led to reallocation of gaming machines to Studio City, aiding performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $182.50

Revenue mln

Q3 Net -$18.60

Income mln

Q3 $78.10

Adjusted mln

EBITDA

Q3 Capex $9.70

mln

Q3 $23.90

Operatin mln

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)