Studio City International Holdings Ltd. · NYSE:MSC
Studio City International — Q4 2025 Earnings Presentation
9 slides from Studio City International's earnings presentation, Feb 12, 2026
Slide 1: 4Q’25 Results Presentation
4Q’25 Results Presentation February 12, 2026
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 12 months ended (US$ millions) Dec’25 Dec’24 % Change Dec’25 Dec’24 % Change Total Operating Revenues 160 153 4.9% 695 639 8.7% Revenue from casino contract 69 64 8.5% 306 260 17.7% Non-Gaming 91 89 2.2% 389 379 2.5% Total Operating Costs & Expenses (153) (150) (1.8
Slide 4: Revenue and Adjusted EBITDA – 4Q’25
Revenue and Adjusted EBITDA – 4Q’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) 400 359.6 336.2 344.4 342.7 450 350 321.8 388 394 377 400 351 300 341
Slide 5: Key Operating Metrics – 4Q’25
Key Operating Metrics – 4Q’25 Adjusted EBITDA (US$ million)(1)(2)(3) Studio City Key Operating Metrics 120.0 (US$m, unless otherwise 4Q’25 Vs. 3Q’25 Vs. 4Q’24 stated) 43% 43% 40% 37% 38% 100.0 Mass Table Drop 932 (1%) 4% 76.4 78.1 80.0 69.9 Mass Table Hold (%) 33.7% 60 bps 159 bps 60.2 60.0 56.7 Mas
Slide 6: Balance Sheet
Balance Sheet Debt Maturity Profile as of December 31, 2025 (US$ million) Liquidity and Debt Positions as of December 31, 2025 (US$ million)(1) 1,400 Liquidity Debt 1,180 1,200 2,172 2,172 2,062 110 2,030 1,000 1,921 120 800 229 600 500 400 350 110 200 Total Cash Availability Total 1Q'25 2Q'25 3Q'25
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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Studio City International Holdings — Q4 2025 Earnings Presentation on 6ix