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| Date | Value |
|---|---|
| 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 |