Overview
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- TickerMSC on NYSE1
- IndustryHotels & Motels1
- HeadquartersHong Kong, Hong Kong1
- Incorporated inVirgin Islands, British3
- Business addressC/O 38/F, The Centrium, 60 Wyndham Street, Hong Kong, K3 9990773
- Filer categoryAccelerated filer3
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We were established as an international business company, limited by shares, under the laws of the British Virgin Islands as CYBER ONE AGENTS LIMITED on August 2, 2000 and subsequently re-registered as a business company, limited by shares, under the British Virgin Islands Business Companies Act, 2004. New Cotai acquired a 40% equity interest in us on December 6, 2006. MCO Cotai acquired a 60% equity interest in us on July 27, 2011. Melco Resorts is an exempted company incorporated with limited liability under the Companies Act (as amended) of the Cayman Islands and its American Depositary Shares are listed on the Nasdaq Global Select Market in the United States. On January 17, 2012, our name was changed from CYBER ONE AGENTS LIMITED to STUDIO CITY INTERNATIONAL HOLDINGS LIMITED.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin26¢$183.4M
- Other costs54¢$377.3M
- Interest18¢$126.3M
- Income tax1¢$7.6M
Out of $694.6M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$210.3M
Out of $210.3M of cash from operations.2
Financial statements
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $571.2M5 | $626.7M6 | $49.2M7 | $106.9M8 | $11.5M9 | $445.5M2 | $639.1M2 | $694.6M2 |
| Selling, general and admin | $132.6M5 | $128.9M6 | $89.0M7 | $87.6M8 | $79.8M9 | $115.2M2 | $171.3M2 | $183.4M2 |
| Operating expenses | $298.4M8 | $288.8M9 | $474.6M2 | $601.0M2 | $624.5M2 | |||
| Operating income | $137.9M5 | $178.0M6 | -$279.9M7 | -$191.6M8 | -$277.2M9 | -$29.0M2 | $38.1M2 | $70.0M2 |
| Interest | $160.5M5 | $132.3M6 | $104.8M7 | $91.0M8 | $92.4M9 | $129.6M2 | $133.6M2 | $126.3M2 |
| Income tax | $544.0K5 | $402.0K6 | -$1.0M7 | -$457.0K8 | $382.0K9 | -$81.0K2 | $7.4M2 | $7.6M2 |
| Net income | -$21.6M5 | $33.6M6 | -$321.6M7 | -$252.6M8 | -$326.5M9 | -$133.5M2 | -$96.7M2 | -$58.8M2 |
| Earnings per share | -$0.115 | $0.145 | -$1.095 | |||||
| Earnings per share (diluted) | -$0.115 | $0.145 | -$1.105 |
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $345.9M10 | $299.4M5 | $575.2M6 | $499.3M7 | $509.5M8 | $228.0M9 | $127.6M2 | $109.4M2 |
| Receivables | $247.0K7 | $263.0K8 | $2.3M9 | $2.0M2 | $1.9M2 | |||
| Inventory | $5.8M7 | $5.1M8 | $5.8M9 | $7.3M2 | $8.7M2 | |||
| Current assets | $459.0M10 | $414.4M5 | $607.8M6 | $563.7M7 | $553.8M8 | $316.1M9 | $166.4M2 | $131.5M2 |
| Property, plant and equipment | $2.6B7 | $2.9B8 | $2.8B9 | $2.7B2 | $2.5B2 | |||
| Intangible assets | $2.8M7 | $1.4M8 | $5.0K9 | $09 | ||||
| Total assets | $2.8B10 | $2.7B5 | $3.0B6 | $3.3B7 | $3.6B8 | $3.2B9 | $3.0B2 | $2.8B2 |
| Accounts payable | $211.0K7 | $501.0K8 | $2.5M9 | $3.3M2 | $6.4M2 | |||
| Short-term debt | $09 | $21.6M2 | $02 | |||||
| Current liabilities | $439.0M10 | $100.2M5 | $162.2M6 | $254.7M7 | $247.4M8 | $156.8M9 | $180.8M2 | $180.0M2 |
| Long-term debt | $1.3B10 | $1.4B5 | $1.6B6 | $2.1B7 | $2.4B8 | $2.3B9 | $2.1B2 | $2.0B2 |
| Total liabilities | $1.7B10 | $1.6B5 | $1.8B6 | $2.4B7 | $2.7B8 | $2.5B9 | $2.3B2 | $2.2B2 |
| Retained earnings | -$1.3B7 | -$1.7B8 | -$1.8B9 | -$1.9B2 | -$2.0B2 | |||
| Shareholders’ equity | $843.5M10 | $891.4M5 | $1.1B6 | $789.4M7 | $800.6M8 | $666.1M9 | $590.7M2 | $523.9M2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $139.5M5 | $228.5M6 | -$167.4M7 | -$136.8M8 | -$178.8M9 | -$18.9M2 | $189.9M2 | $210.3M2 |
| Depreciation and amortization | $127.6M8 | $127.0M9 | $169.4M2 | $205.1M2 | $212.0M2 | |||
| Stock-based compensation | $438.0K7 | $361.0K7 | ||||||
| Cash from investing | -$407.2M8 | -$453.4M9 | -$161.5M2 | -$108.5M2 | -$85.1M2 | |||
| Dividends paid | $05 | $06 | $07 | $08 | $09 | $02 | $02 | $02 |
| Cash from financing | $471.5M8 | $643.1M9 | -$100.9M2 | -$183.3M2 | -$143.1M2 |
Compare STUDIO CITY INTERNATIONAL HOLDINGS Ltd with another company
Corporate structure
STUDIO CITY INTERNATIONAL HOLDINGS Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of STUDIO CITY INTERNATIONAL HOLDINGS Ltd
- Silver Point Capital, L.P. Filed SC 13G/A on STUDIO CITY INTERNATIONAL HOLDINGS Ltd, latest Nov 14, 2024 (4 filings since Feb 14, 2022)
- Melco International Development LTD Filed SC 13G/A on STUDIO CITY INTERNATIONAL HOLDINGS Ltd, latest Feb 14, 2023
- New Cotai, LLC Filed SC 13G/A on STUDIO CITY INTERNATIONAL HOLDINGS Ltd, latest Feb 9, 2023
- STUDIO CITY INTERNATIONAL HOLDINGS Ltd Hong Kong, Hong Kong
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What STUDIO CITY INTERNATIONAL HOLDINGS Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $3.9B2 Dec 31, 2025 | $3.9B2 Dec 31, 2024 | +0.6% |
| Accumulated depreciation | $1.4B2 Dec 31, 2025 | $1.2B2 Dec 31, 2024 | +15.2% |
| Property and equipment, net | $2.5B2 Dec 31, 2025 | $2.7B2 Dec 31, 2024 | −6.3% |
| Operating-lease assets (leased space) | $11.6M2 Dec 31, 2025 | $11.6M2 Dec 31, 2024 | −0.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $109.4M2 Dec 31, 2025 | $127.6M2 Dec 31, 2024 | −14.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $09 Dec 31, 2024 | $5.0K9 Dec 31, 2023 | −100.0% |
Inventory
Leadership
Who has led STUDIO CITY INTERNATIONAL HOLDINGS Ltd, and when. Pick a name to see everywhere that person has worked.
Board members and other officers (14)
- Principal Accounting OfficerAmy L. Kuzdowicz Mar 17, 2026 to now11
- Property General ManagerKevin Richard Benning Mar 17, 2026 to now12
- Board memberAkiko Takahashi Mar 17, 2026 to now13
- Board memberClarence Ym Chung Mar 17, 2026 to now14
- Board memberDale Black Mar 17, 2026 to now15
- Board memberDavid A. Reganato Mar 17, 2026 to now16
- Board memberDominique Mielle Mar 17, 2026 to now17
- Board memberEdward A. Mule Mar 17, 2026 to now18
- Board memberEvan Andrew Winkler Mar 17, 2026 to now19
- Board memberKevin F. Sullivan Mar 17, 2026 to now20
- Board memberLawrence Yau Lung Ho Mar 17, 2026 to now21
- Board memberNigel Alan Dean Mar 17, 2026 to now22
- Board memberRobert J. O'Shea Mar 17, 2026 to now18
- Board memberStephanie Cheung Mar 17, 2026 to now23
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202624
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
142 filings to the SEC since October 2021: 5 annual reports, 21 insider forms, 6 large holders, 110 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 8, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 28, 20264 EDGAR
- Sep 25, 20264 EDGAR
- Sep 23, 20266-K EDGAR
- Sep 4, 20266-K EDGAR
- Aug 28, 20266-K EDGAR
- Aug 14, 20266-K EDGAR
- Aug 11, 20264 EDGAR
- Aug 7, 20266-K EDGAR
- Jul 21, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- Jun 8, 20266-K EDGAR
- May 29, 20266-K EDGAR
- May 15, 20266-K EDGAR
- May 13, 20266-K EDGAR
- May 7, 20266-K EDGAR
- May 6, 20266-K EDGAR
The 142 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | HO LAWRENCE YAU LUNGDirector | Buy | 1,043,600 | $0.20 | $208.7K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Silver Point Capital, L.P.SC 13G/A, 4 filings Feb 14, 2022 to Nov 14, 202425
- Melco International Development LTDSC 13G/A, 1 filing Feb 14, 202326
- New Cotai, LLCSC 13G/A, 1 filing Feb 9, 202327
SEC filer profile
How STUDIO CITY INTERNATIONAL HOLDINGS Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSTUDIO CITY INTERNATIONAL HOLDINGS Ltd1
- CIK0001713334
- Filer statusAccelerated filer not an emerging growth company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)7011 Hotels & Motels1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business addressC/O 38/F, The Centrium, 60 Wyndham Street, Hong Kong, K3 9990771
- Phone852259836001
- Shares outstanding770,352,700 Common Class A shares; 72,511,760 Common Class B shares as of Dec 31, 20254
- AuditorDeloitte & Touche LLP, Singapore PCAOB ID 1046; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceAug 14, 20171
- Filings244 in all: 6-K (142), 3 (14), UPLOAD (14), CORRESP (12), SC 13G/A (11), 20-F (8), 4 (7), EFFECT (5)1
All 25 form types
F-3/A (5), DRSLTR (4), SC 13G (4), DRS/A (3), F-1/A (2), F-3 (2), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), CT ORDER (1), DRS (1), F-1 (1), F-6 (1), F-6EF (1), FWP (1), POS AM (1)
- Latest filingsAnnual report (20-F) Mar 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| American depositary shares each representing four Class A ordinary shares | MSC | The New York Stock Exchange |
From the cover page of the 20-F filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
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- 9
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- 12
- 13SEC EDGARAkiko Takahashi, Board member
- 14SEC EDGARClarence Ym Chung, Board member
- 15SEC EDGARDale Black, Board member
- 16SEC EDGARDavid A. Reganato, Board member
- 17SEC EDGARDominique Mielle, Board member
- 18SEC EDGAREdward A. Mule, Board member
- 19SEC EDGAREvan Andrew Winkler, Board member
- 20SEC EDGARKevin F. Sullivan, Board member
- 21SEC EDGARLawrence Yau Lung Ho, Board member
- 22SEC EDGARNigel Alan Dean, Board member
- 23SEC EDGARStephanie Cheung, Board member
- 24NasdaqNasdaq calendar
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