Studio City International Holdings (MSC) Cost of Revenue (2017 - 2026)
Studio City International Holdings (MSC) reported 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 10 years of Cost of Revenue data on file, last reported at $21.3 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $21.3 million, down 6.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $88.7 million (down 5.11% YoY), and the FY2025 annual result was $129.7 million, up 251.36% from the prior year.
- Cost of Revenue eased to $21.3 million in Q1 2026 per MSC's latest filing, from $22.5 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $24.6 million in Q3 2024 and troughed at $5.2 million in Q3 2022.
- A 5-year average of $16.9 million and a median of $19.8 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue slipped 24.8% in 2022, then surged 273.79% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $6.2 million in 2022, then surged by 221.57% to $19.8 million in 2023, then increased by 11.92% to $22.2 million in 2024, then advanced by 1.57% to $22.5 million in 2025, then dropped 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 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 89.79 Mn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 254.85 Mn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | - |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 156.00 Mn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 181.00 Mn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 15.60 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 28.00 Mn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 807.90 Mn |
| 10 | Studio City International Holdings | - | - | 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 |