Studio City International Holdings (MSC) Operating Expenses (2017 - 2026)

Studio City International Holdings' (MSC) quarterly Operating Expenses came in at -$148.7 million in Q1 2026, down 1.53% year-on-year from -$151.0 million in Q1 2025, and up 2.51% on a QoQ basis from -$152.5 million in Q4 2025.

Studio City International Holdings (MSC) Operating Expenses (2017 - 2026) Analysis & Trends

Studio City International Holdings (MSC) has 10 years of Operating Expenses data on file, last reported at -$148.7 million in Q1 2026.

  • On a quarterly basis, Operating Expenses fell 1.53% year-over-year to -$148.7 million in Q1 2026; TTM through Mar 2026 was -$626.8 million, a 2.18% decrease from a year earlier, with the FY2025 full-year figure at $624.5 million, up 3.92% from the prior year.
  • Operating Expenses for Q1 2026 stood at -$148.7 million, up from -$152.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for MSC reached as high as -$69.7 million in Q3 2022 and fell as low as -$167.0 million in Q2 2025.
  • Historically, Operating Expenses has averaged -$125.7 million across 5 years, with a median of -$134.4 million in 2023.
  • Across the five-year window, Operating Expenses gained 6.38% in 2022 and plunged 92.68% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at -$74.2 million in 2022, then plunged by 72.33% to -$127.9 million in 2023, then retreated by 17.07% to -$149.7 million in 2024, then declined by 1.85% to -$152.5 million in 2025, then climbed by 2.51% to -$148.7 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$148.7 million in Q1 2026, -$152.5 million in Q4 2025, and -$158.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 2.68 Bn
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 4.16 Bn
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 1.57 Bn
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 833.36 Mn
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -1.19 Bn
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 2.37 Bn
7 Vail Resorts 5.23 Bn 5.21 Bn - -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 1.14 Bn
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 363.64 Mn
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn -148.69 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -148.69 Mn
Dec 31, 2025 -152.51 Mn
Sep 30, 2025 -158.59 Mn
Jun 30, 2025 -166.98 Mn
Mar 31, 2025 -146.45 Mn
Dec 31, 2024 -149.74 Mn
Sep 30, 2024 -158.65 Mn
Jun 30, 2024 -158.52 Mn
Mar 31, 2024 -134.08 Mn
Dec 31, 2023 -127.91 Mn
Sep 30, 2023 -134.38 Mn
Jun 30, 2023 -133.89 Mn
Mar 31, 2023 -78.40 Mn
Dec 31, 2022 -74.23 Mn
Sep 30, 2022 -69.74 Mn
Jun 30, 2022 -70.91 Mn
Mar 31, 2022 -73.89 Mn
Dec 31, 2021 -73.35 Mn
Sep 30, 2021 -73.31 Mn
Jun 30, 2021 -75.74 Mn