Studio City International Holdings Limited is responsible for running a major resort complex in Cotai, Macau, which integrates gaming, retail, and entertainment ...
Studio City International Holdings Limited is a Macau-focused integrated resort operator whose flagship property, Studio City, is located in Cotai and designed to combine gaming, hotel accommodation, retail, and entertainment in one destination. The company generates revenue primarily from its casino operations and related services under the resort’s gaming contract, ...Studio City International Holdings Limited is a Macau-focused integrated resort operator whose flagship property, Studio City, is located in Cotai and designed to combine gaming, hotel accommodation, retail, and entertainment in one destination. The company generates revenue primarily from its casino operations and related services under the resort’s gaming contract, while also monetizing non-gaming amenities such as food and beverage outlets, hotel stays, and retail space.
Core products and services center on casino gaming and the resort’s broader entertainment ecosystem. On the gaming side, the resort offers a large inventory of mass-market table games, a substantial number of electronic gaming machines, and VIP rolling chip table operations. VIP programs include both junket-related and premium direct VIP offerings, which are a meaningful part of how integrated resorts in Macau differentiate their customer experience and revenue mix. Beyond gaming, Studio City’s “cinematically-themed” positioning supports high-value non-gaming traffic, with a sizable hotel inventory (including upscale room offerings), major live entertainment capacity (e.g., a large arena for performances), and distinctive attractions such as a landmark Ferris wheel.
The company also provides complementary services through its hospitality, dining, nightlife, and retail areas. Retail space supports on-property spending and helps increase overall dwell time, while dining and entertainment venues broaden appeal to customers who may not be primarily gaming-driven. In terms of cost and operating model, integrated resorts are capital intensive and typically carry significant fixed costs (property, facilities, staffing, and ongoing entertainment/hospitality operations). Financial metrics available for MSC indicate profitability challenges at the consolidated level in recent periods (e.g., negative margins and return measures), consistent with the operational leverage and demand volatility common in the Macau gaming sector.
Key people include Geoffrey Stuart Davis as CEO (as reported in the provided materials). The company was founded in 2000 and later rebranded in January 2012 from Cyber One Agents Limited to Studio City International Holdings Limited. From a governance and shareholder perspective, MSC trades as American depositary shares on the New York Stock Exchange, allowing international investors to access the Macau integrated resort business.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$694.6M
+8.7%
-6.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-58.8M
+39.2%
-646.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+67.1%
+3.2%
-46.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+10.1%
+68.9%
-42.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-8.5%
+44.1%
-686.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$148.3M
+43.8%
—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+21.4%
+32.4%
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
391.1%
+6.1%
+1.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.73x
-20.6%
+229.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
