Studio City International Holdings (MSC) Operating Expenses (2017 - 2026)
Studio City International Holdings (MSC) reported 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 10 years of Operating Expenses data on file, last reported at -$148.7 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$148.7 million, down 1.53% year-over-year; the trailing twelve-month figure through Mar 2026 was -$626.8 million (down 2.18% YoY), and the FY2025 annual result was $624.5 million, up 3.92% from the prior year.
- Operating Expenses climbed to -$148.7 million in Q1 2026 per MSC's latest filing, from -$152.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$69.7 million in Q3 2022 and troughed at -$167.0 million in Q2 2025.
- A 5-year average of -$125.7 million and a median of -$134.4 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses climbed 6.38% in 2022, then slumped 92.68% in 2023.
- A 5-year view of Operating Expenses shows it stood at -$74.2 million in 2022, then tumbled by 72.33% to -$127.9 million in 2023, then dropped by 17.07% to -$149.7 million in 2024, then decreased by 1.85% to -$152.5 million in 2025, then rose 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.77 Bn | 9.94 Bn | 1.77 Bn | 1.57 Bn |
| 2 | Boyd Gaming | 6.75 Bn | 6.74 Bn | 742.51 Mn | 833.36 Mn |
| 3 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | -1.09 Bn |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | 2.37 Bn |
| 5 | Vail Resorts | 4.85 Bn | 4.81 Bn | - | - |
| 6 | Hilton Grand Vacations | 4.07 Bn | 3.97 Bn | 1.10 Bn | 1.14 Bn |
| 7 | Red Rock Resorts | 3.34 Bn | 3.31 Bn | 491.72 Mn | 363.64 Mn |
| 8 | Marriott Vacations Worldwide | 3.09 Bn | 2.82 Bn | 1.23 Bn | 1.17 Bn |
| 9 | PENN Entertainment | 2.57 Bn | 1.85 Bn | 971.20 Mn | 1.68 Bn |
| 10 | Studio City International Holdings | - | - | 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 |