Studio City stock: Q3 revenue falls as Macau casino demand softens

Published on 11/10/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Studio City stock is in focus after third-quarter revenue fell to US$163.3 million. Adjusted EBITDA declined as casino and non-gaming operations weakened.

Macau resort results in focus

Studio City reported lower revenue and operating income for the third quarter of 2026.
The company renewed its Macau land concession for another ten years.
Casino and non-gaming operations were the main drivers of the quarterly decline.

MSC, US86389T1060, Illustration mit AI erstellt.

Studio City International Holdings reported weaker third-quarter results on November 4, 2026, as softer Macau casino activity and lower non-gaming revenue weighed on the integrated resort. The figures were published in a Yahoo Finance report carrying the company's GlobeNewswire release.

Revenue and earnings decline

Operating revenue fell to US$163.3 million in the three months ended September 30, 2026, from US$182.5 million a year earlier. Operating income declined to US$14.7 million from US$23.9 million, while Adjusted EBITDA, a non-GAAP measure, dropped to US$65.5 million from US$78.1 million.

Net loss attributable to Studio City narrowed to US$13.1 million, or US$0.07 per American depositary share, from US$18.6 million, or US$0.10 per ADS, in the prior-year quarter. The improvement in the reported net loss was accompanied by lower operating profitability and remained exposed to net interest expense of US$27.9 million.

Casino demand remains central

Studio City Casino generated gross gaming revenue of US$320.9 million, down from US$344.4 million. Mass-market table-games drop decreased to US$846.3 million from US$942.5 million, while gaming-machine handle increased to US$892.9 million from US$873.3 million. Non-gaming revenue also declined to US$96.4 million from US$105.2 million.

The company renewed the land concession for the Cotai resort for ten years from October 17, 2026, through October 16, 2036, after paying MOP85.7 million, equivalent to US$10.6 million. That gives the resort a longer operating horizon while quarterly performance remains tied to Macau visitation, gaming volumes and demand for hospitality and entertainment.

Integrated resort in Cotai

Studio City operates a gaming, retail and entertainment resort in Cotai, Macau. Its attractions include a figure-8 Ferris wheel, a live performance arena, a water park, hotels, food and beverage venues and complementary retail space. The company is majority owned by Melco Resorts & Entertainment, which operates the Studio City Casino.