MSC•Studio City reported Q3 revenue of $163.3 million as weaker mass-market and non-gaming performance weighed on results. Adjusted EBITDA was $65.5 million, while the net loss attributable to the company narrowed to $13.1 million year over year.
Studio City’s Q3 revenue fell year over year as softer mass-market operations reduced casino contract revenue and non-gaming revenue also declined. Adjusted EBITDA was $65.5 million, and the net loss attributable to the company narrowed to $13.1 million.
The company reported operating income of $14.7 million and capital expenditures of $6.1 million. It did not provide specific financial guidance for future quarters or the full year.
