Studio City International Holdings (MSC) Cost of Revenue (2017 - 2026)
Studio City International Holdings (MSC) posted quarterly Cost of Revenue of $21.3 million for Q1 2026, down 6.19% year-over-year from $22.8 million in Q1 2025, and down 5.25% quarter-over-quarter from $22.5 million in Q4 2025.
Studio City International Holdings (MSC) Cost of Revenue (2017 - 2026) Analysis & Trends
Studio City International Holdings (MSC) has reported Cost of Revenue for 10 consecutive years, with $21.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue fell 6.19% year-over-year to $21.3 million; the TTM figure through Mar 2026 stood at $88.7 million (down 5.11% YoY), while the FY2025 annual figure was $129.7 million, up 11.37% from the prior year.
- Cost of Revenue retreated to $21.3 million in Q1 2026 per MSC's latest filing, from $22.5 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $24.6 million in Q3 2024 and bottomed at $5.2 million in Q3 2022.
- Historically, Cost of Revenue has averaged $16.9 million across 5 years, with a median of $19.8 million in 2023.
- Annual changes were most pronounced in 2022 — Cost of Revenue slipped 24.8% — and 2023, when it surged 273.79%.
- Studio City International Holdings' Cost of Revenue stood at $6.2 million in 2022, then soared by 221.57% to $19.8 million in 2023, then rose by 11.92% to $22.2 million in 2024, then climbed by 1.57% to $22.5 million in 2025, then declined by 5.25% to $21.3 million in 2026.
- Business Quant data shows MSC's Cost of Revenue at $21.3 million in Q1 2026, $22.5 million in Q4 2025, and $23.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.78 Bn | 27.40 Bn | 1.81 Bn | 1.35 Bn |
| 2 | MGM Resorts International | 11.10 Bn | 8.55 Bn | 3.10 Bn | 1.35 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 721.38 Mn |
| 4 | Caesars Entertainment | 6.07 Bn | 5.01 Bn | 2.04 Bn | 955.00 Mn |
| 5 | Boyd Gaming | 6.06 Bn | 5.73 Bn | 766.76 Mn | 267.63 Mn |
| 6 | Vail Resorts | 5.46 Bn | 5.09 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.91 Bn | 3.61 Bn | 1.29 Bn | 29.00 Mn |
| 8 | Hilton Grand Vacations | 3.57 Bn | 3.30 Bn | 499.00 Mn | 859.00 Mn |
| 9 | Red Rock Resorts | 3.53 Bn | 2.93 Bn | 420.02 Mn | 90.24 Mn |
| 10 | Studio City International Holdings | 357.25 Mn | 282.22 Mn | 155.38 Mn | 21.34 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.34 Mn |
| Mar 31, 2026 | 21.34 Mn |
| Dec 31, 2025 | 22.52 Mn |
| Dec 31, 2025 | 22.52 Mn |
| Sep 30, 2025 | 23.39 Mn |
| Sep 30, 2025 | 23.39 Mn |
| Jun 30, 2025 | 21.45 Mn |
| Jun 30, 2025 | 21.45 Mn |
| Mar 31, 2025 | 22.75 Mn |
| Mar 31, 2025 | 22.75 Mn |
| Dec 31, 2024 | 22.18 Mn |
| Dec 31, 2024 | 22.18 Mn |
| Sep 30, 2024 | 24.59 Mn |
| Sep 30, 2024 | 24.59 Mn |
| Jun 30, 2024 | 23.98 Mn |
| Jun 30, 2024 | 23.98 Mn |
| Mar 31, 2024 | 18.92 Mn |
| Mar 31, 2024 | 18.92 Mn |
| Dec 31, 2023 | 19.82 Mn |
| Dec 31, 2023 | 19.82 Mn |