Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2024 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
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Source: Newsfilter
Financial Performance Overview: Studio City International Holdings Limited reported a total operating revenue of US$152.9 million for Q4 2024, an increase from US$141.3 million in Q4 2023, driven by a recovery in tourism and higher gaming and non-gaming revenues. However, the company faced a net loss of US$27.7 million in Q4 2024 compared to a loss of US$18.6 million in the same quarter of 2023.
Yearly Results and Adjusted EBITDA: For the full year 2024, total operating revenues reached US$639.1 million, up from US$445.5 million in 2023, with an Adjusted EBITDA of US$245.3 million compared to US$159.2 million the previous year, indicating improved operational performance despite ongoing losses.
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Analyst Views on MLCO
Wall Street analysts forecast MLCO stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 5.390
Low
9.50
Averages
11.21
High
12.55
Current: 5.390
Low
9.50
Averages
11.21
High
12.55
About MLCO
Melco Resorts & Entertainment Ltd is a Company engaged in the development and operation of resort facilities. The Company is engaged in the operation of casinos in Macau and Philippines. The Company operates three casinos based in Macau, namely, City of Dreams, Altira Macau and Studio City. In addition, the Company is engaged in the operation of hotels in Macau and Manila.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Gaming Revenue: The casino generated gross gaming revenues of $342.7 million in Q4 2025, up 6.5% from $321.8 million in Q4 2024, reflecting successful strategies in attracting customers and further solidifying its market position.
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See More
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- Outstanding Performance: The company achieved a total of 107 FTG Stars across its hotel, restaurant, and spa categories, including properties such as City of Dreams, Altira Macau, and City of Dreams Manila, showcasing its excellence in luxury service delivery.
- Leadership Statement: CEO Lawrence Ho stated that receiving the most Five-Star awards globally is a testament to the team's unwavering commitment to excellence, emphasizing the company's dedication to operating world-class integrated resorts that enhance guest experiences and brand value.
- Future Outlook: Melco Resorts looks forward to continuing to attract guests and aims to enhance its portfolio of luxury entertainment and hospitality, seizing market opportunities to drive further business growth.
See More
