Studio City International (ADR)
Operates a Cotai resort and its non-gaming businesses.
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Profile
Runs a single Cotai, Macau integrated resort that combines hotels, retail, dining, leisure entertainment and gaming. It earns from non-gaming businesses while the casino is operated by Melco Resorts (Macau) under a services agreement.
Runs a cinematically themed integrated resort in Cotai, Macau, combining hotel accommodation, retail, dining, leisure entertainment and gaming. The property puts hotel stays, retail, dining and leisure activities in one venue. The single Studio City property has expanded its capacity and entertainment offerings.
Operates the resort’s non-gaming businesses, while Melco Resorts (Macau) runs the casino under the Studio City Casino Agreement. All revenue comes from Macau through one operating segment, with ownership control flowing through the Melco group. Operations therefore depend on the performance of one property in one market and on the continuing casino-contract relationship with the concession holder.
Company facts
Categories
Key statistics
Year to date −49.9% · Average volume (30d) 33.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Apr 30, 2026Q1 FY26 | −$0.28 | $0.01 | +103.6% | $176.7M | $176.7M | 0.0% | −2.13% |
| Feb 12, 2026Q4 FY25 | — | −$0.11 | — | — | $160.3M | — | −8.79% |
| Nov 6, 2025Q3 FY25 | — | −$0.10 | — | — | $182.5M | — | −9.34% |
| Jul 31, 2025Q2 FY25 | — | −$0.02 | — | — | $190.1M | — | +4.80% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $161.7M | $190.1M | $182.5M | $160.3M | $176.7M | $164.6M | |
| Gross profit | $108.4M | $124.1M | $124.2M | $109.3M | $125.3M | $62.7M | |
| Operating income | $15.3M | $23.1M | $24.0M | $7.3M | $28.0M | $15.0M | |
| Net income | −$16.0M | −$3.7M | −$18.6M | −$20.5M | $2.9M | −$15.6M | |
| Diluted EPS | −$0.33 | −$0.08 | −$0.39 | −$0.44 | $0.06 | −$0.32 | |
| Gross margin | 67.0% | 65.3% | 68.0% | 68.2% | 70.9% | 38.1% | |
| Operating margin | 9.4% | 12.1% | 13.1% | 4.5% | 15.9% | 9.1% |
Fiscal years (4-quarter sums)FY21 $106.8M · FY22 $11.6M · FY23 $445.5M · FY24 $639.1M · FY25 $694.6M
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $118.2M · Total debt $1.99B · Total assets $2.70B · Shareholders' equity $484.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 48.15M · Float 17.02M · 35.3% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Silver Point Capital L.P. | 28.63M | 59.47% | 13F | May 15, 2026 |
| Macquarie Management Holdings, Inc. | 7.00M | 14.55% | 13F | May 15, 2026 |
| FMR LLC | 3.81M | 7.91% | 13F | May 15, 2026 |
| Redwood Capital Management, LLC | 3.24M | 6.73% | 13F | May 15, 2026 |
| Davidson Kempner Capital Management LP | 911.3K | 1.89% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Silver Point Capital L.P. | director, 10 percent owner: | −58,000 |
Peers
Not reported.