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
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