Studio City Reports Significant Q2 Revenue Growth, Reduced Loss

Studio City International Holdings Limited reported strong second-quarter 2025 financial results, with total operating revenues rising to $190.1 million, a 17.7% increase from the previous year, driven by improved mass market operations and non-gaming revenue. Despite this revenue growth, the company posted a net loss of $3.7 million, significantly reduced from a $33.4 million loss a year earlier, reflecting improved operational efficiency and a strategic shift away from VIP rolling chip operations to focus on premium mass and mass markets. The company’s operating income and Adjusted EBITDA also increased substantially, signaling positive momentum amid ongoing profitability challenges. Meanwhile, City Office REIT Inc. announced a net loss of approximately $107.2 million for Q2 2025 but highlighted significant leasing activity and a pending $1.1 billion merger contingent on a major property sale. This merger has prompted the suspension of future quarterly common stock dividend payments, although dividends on preferred stock will continue. Both companies are navigating strategic transitions aimed at sustainable growth, with Studio City focusing on enhancing its mass market presence and City Office REIT pursuing consolidation through merger activity.