Studio City Q2 2026: Revenue Falls 13% to $164.6M, Net Loss Widens to $15.6M
MSC is trading near its 52-week low of $1.57 (8.0% above the low).
Summary
Studio City's Q2 2026 results show a 13% revenue decline and a wider net loss, though the company continues to reduce debt and maintain adequate liquidity.
Key Events · Earnings and Guidance · MSC
-
Q2 Revenue Declines 13%
Total operating revenues fell to $164.6 million from $190.1 million in Q2 2025, driven by softer mass market table games and lower non-gaming revenues.
-
Net Loss Widens
Net loss attributable to shareholders was $15.6 million ($0.08 per ADS), compared to $3.7 million ($0.02 per ADS) in Q2 2025.
-
Adjusted EBITDA Down 12%
Adjusted EBITDA was $67.0 million, down from $76.4 million a year ago, reflecting lower casino contract revenue and softer non-gaming performance.
-
Debt Reduction Continues
Total debt, net, decreased by $38.0 million during the quarter to $1.98 billion, following the refinancing of $350 million of 7.000% notes due 2027 with new 6.125% notes due 2031.
Analysis · MSC · Real Estate & Construction
The second quarter of 2026 brought a 13% year-over-year revenue decline to $164.6 million, reflecting softer mass market table games and lower non-gaming revenues. Net loss attributable to shareholders widened to $15.6 million from $3.7 million a year ago, while Adjusted EBITDA fell to $67.0 million from $76.4 million. The company continues to deleverage, reducing total debt by $38 million during the quarter to $1.98 billion, with cash of $118.2 million. The results confirm the negative trend previewed in the Reuters report, with the full financial statements now available.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 29.6% of the 1609 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSC was trading at $1.70 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $364.1M. The 52-week trading range was $1.57 to $6.63. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.