Studio City International Holdings Ltd. · NYSE:MSC
Studio City International — Q3 2025 Earnings Presentation
9 slides from Studio City International's earnings presentation, Nov 6, 2025
Slide 1: 3Q’25 Results Presentation
3Q’25 Results Presentation November 6, 2025
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the “Company”) may also make forward-looking
Slide 3: Summary Financials
Summary Financials 3 months ended (US$ millions) Sept’25 Sept’24 % Change Total Operating Revenues 183 175 4.5% Revenue from casino contract 77 67 14.8% Non-Gaming 105 107 (1.9%) Total Operating Costs & Expenses (159) (159) 0.0% Operating Income 24 16 49.7% Total Non-Operating Expenses, Net (41) (36
Slide 4: Revenue and Adjusted EBITDA – 3Q’25
Revenue and Adjusted EBITDA – 3Q’25 Studio City International Holdings Total Operating Revenue and Studio City Adjusted EBITDA Breakdown (Trailing 12 Months, US$ million)(1)(2) Studio City Casino Gross Gaming Revenue (US$ million) 400 450 359.6 388 335.5 336.2 344.4 377 350 400 321.8 351 337 341 350
Slide 5: Key Operating Metrics – 3Q’25
Key Operating Metrics – 3Q’25 Adjusted EBITDA (US$ million)(1)(2)(3) Studio City Key Operating Metrics 120.0 (US$m, unless otherwise 3Q’25 Vs. 2Q’25 Vs. 3Q’24 43% 43% stated) 39% 40% 37% 100.0 Mass Table Drop 943 (2%) 3% 76.4 78.1 80.0 68.2 69.9 Mass Table Hold (%) 33.1% (83 bps) 248 bps 60.0 56.7 M
Slide 6: Balance Sheet
Balance Sheet Debt Maturity Profile as of September 30, 2025 (US$ million) Liquidity and Debt Positions as of September 30, 2025 (US$ million)(1) 1,400 1,212 1,200 1,000 800 600 500 400 350 200 2025 2026 2027 2028 2029 (1) (1) (2) Note: 1. Total Cash is calculated by summation of cash, cash equivale
Slide 7: Appendices
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Slide 8: Studio City
Studio City Add photo of Epic room Epic Tower Room Event Center Indoor Waterpark
Slide 9: Thank You
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