Studio City International Holdings (MSC) Operating Expenses (2017 - 2026)
Studio City International Holdings (MSC) posted quarterly Operating Expenses of -$148.7 million for Q1 2026, down 1.53% year-over-year from -$151.0 million in Q1 2025, and up 2.51% quarter-over-quarter from -$152.5 million in Q4 2025.
Studio City International Holdings (MSC) Operating Expenses (2017 - 2026) Analysis & Trends
Studio City International Holdings (MSC) has reported Operating Expenses for 10 consecutive years, with -$148.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 1.53% year-over-year to -$148.7 million; the TTM figure through Mar 2026 stood at -$626.8 million (down 2.18% YoY), while the FY2025 annual figure was $624.5 million, up 3.92% from the prior year.
- Operating Expenses grew to -$148.7 million in Q1 2026 per MSC's latest filing, from -$152.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at -$69.7 million in Q3 2022 and bottomed at -$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.
- Annual changes were most pronounced in 2022 — Operating Expenses climbed 6.38% — and 2023, when it slumped 92.68%.
- Studio City International Holdings' Operating Expenses stood at -$74.2 million in 2022, then plunged by 72.33% to -$127.9 million in 2023, then declined by 17.07% to -$149.7 million in 2024, then slipped by 1.85% to -$152.5 million in 2025, then gained by 2.51% to -$148.7 million in 2026.
- Business Quant data shows MSC's Operating Expenses at -$148.7 million in Q1 2026, -$152.5 million in Q4 2025, and -$158.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.40 Bn | 27.03 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.96 Bn | 8.41 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 10.30 Bn | 8.73 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Boyd Gaming | 6.08 Bn | 5.76 Bn | 766.76 Mn | 833.69 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 6 | Vail Resorts | 5.42 Bn | 5.05 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.87 Bn | 3.57 Bn | 1.29 Bn | 1.16 Bn |
| 8 | Hilton Grand Vacations | 3.55 Bn | 3.28 Bn | 499.00 Mn | 1.27 Bn |
| 9 | Red Rock Resorts | 3.51 Bn | 2.90 Bn | 420.02 Mn | 374.27 Mn |
| 10 | Studio City International Holdings | 346.66 Mn | 271.62 Mn | 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 |