Studio City International Holdings Limited (MSC) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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MSC Revenue Growth
Revenue Breakdown (FY 2025)
MSC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSC Revenue Analysis (2015–2025)
As of May 8, 2026, Studio City International Holdings Limited (MSC) generated trailing twelve-month (TTM) revenue of $694.6 million, reflecting modest growth of +4.9% year-over-year. The most recent quarter (Q4 2025) recorded $160.3 million in revenue, down 12.2% sequentially.
Looking at the longer-term picture, MSC's 5-year compound annual growth rate (CAGR) stands at +69.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $694.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows MSC's business is primarily driven by Occupancy (43%), Food and Beverage (23%), and Service Fee (18%).
When compared to Consumer Cyclical sector peers including MLCO (+11.3% YoY), LVS (+22.7% YoY), and WYNN (+4.7% YoY), MSC has underperformed the peer group in terms of revenue growth. Compare MSC vs MLCO →
MSC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSCCurrent | $695M | +4.9% | +69.8% | 10.2% | |
 MLCO | $5.2B | +11.3% | +24.5% | 11.6% | |
 LVS | $13.0B | +22.7% | +34.7% | 23.7% | |
 WYNN | $7.1B | +4.7% | +27.8% | 16.2% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% |
MSC Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $694.6M | +8.7% | $255.9M | 36.8% | $70.5M | 10.2% |
| 2024 | $639.1M | +43.5% | $415.3M | 65.0% | $38.1M | 6.0% |
| 2023 | $445.5M | +3758.1% | $273.0M | 61.3% | $-29,042,000 | -6.5% |
| 2022 | $11.5M | -89.2% | $-67,212,000 | -582.0% | $-277,216,000 | -2400.6% |
| 2021 | $106.9M | +117.2% | $24.6M | 23.0% | $-191,573,000 | -179.3% |
| 2020 | $49.2M | -92.1% | $-30,387,000 | -61.8% | $-279,928,000 | -568.9% |
| 2019 | $626.7M | +9.7% | $481.4M | 76.8% | $178.0M | 28.4% |
| 2018 | $571.2M | +5.8% | $442.9M | 77.5% | $137.9M | 24.1% |
| 2017 | $539.8M | +27.2% | $409.6M | 75.9% | $80.5M | 14.9% |
| 2016 | $424.5M | +512.3% | $258.0M | 60.8% | $-54,766,000 | -12.9% |
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Start ComparisonMSC — Frequently Asked Questions
Quick answers to the most common questions about buying MSC stock.
Is MSC's revenue growth accelerating or slowing?
MSC revenue growth slowed to +4.9%, below the 5-year CAGR of +69.8%. TTM revenue is $695M. The deceleration marks a shift from historical growth rates.
What is MSC's long-term revenue growth rate?
Studio City International Holdings Limited's 5-year revenue CAGR of +69.8% reflects the variable expansion pattern. Current YoY growth of +4.9% is near this long-term average.
How is MSC's revenue distributed by segment?
MSC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.