Studio City International Holdings Limited (MSC) Revenue History
Annual and quarterly revenue from 2015 to present
MSC Revenue Over Time (2015–2025)
MSC Revenue Growth History
8 of 10 years with positive growth- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +512.3%
- FY2017 revenue growth
- +27.2%
- FY2018 revenue growth
- +5.8%
- FY2019 revenue growth
- +9.7%
- FY2020 revenue growth
- -92.1%
- FY2021 revenue growth
- +117.2%
- FY2022 revenue growth
- -89.2%
- FY2023 revenue growth
- +3758.1%
- FY2024 revenue growth
- +43.5%
- FY2025 revenue growth
- +8.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $176.7M | +9.3% |
| Q4 2025 | $160.3M | +4.9% |
| Q3 2025 | $182.5M | +4.5% |
| Q2 2025 | $190.1M | +17.7% |
| Q1 2025 | $161.7M | +7.7% |
| Q4 2024 | $152.9M | +8.2% |
| Q3 2024 | $174.6M | +26.9% |
| Q2 2024 | $161.5M | +40.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MSC's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSC Revenue Analysis (2015–2025)
Current Revenue & Growth
As of September 24, 2026, Studio City International Holdings Limited (MSC) generated trailing twelve-month (TTM) revenue of $709.6 million, reflecting solid growth of +9.3% year-over-year. The most recent quarter (Q1 2026) recorded $176.7 million in revenue, up 10.3% sequentially.
Historical Growth Trajectory
MSC's 5-year compound annual growth rate (CAGR) stands at +69.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +291.8% exceeds the 5-year average, indicating an acceleration in the most recent period. Studio City International Holdings Limited's highest annual revenue of $694.6 million was recorded in 2025, an all-time high.
Revenue by Segment
MSC's revenue is primarily driven by Occupancy (43%), Food and Beverage (23%), and Service Fee (18%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Consumer Cyclical sector peers — including MLCO (+6.1% YoY), LVS (+18.1% YoY), and WYNN (+6.4% YoY) — MSC has outperformed the peer group in 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 | $710M | +9.3% | +69.8% | 10.1% | |
 MLCO | $5.2B | +6.1% | +24.5% | 11.6% | |
 LVS | $13.0B | +18.1% | +34.7% | 23.7% | |
 WYNN | $7.1B | +6.4% | +27.8% | 16.2% | |
 MGM | $17.5B | +3.2% | +29.0% | 5.7% | |
 CZR | $11.5B | +2.4% | +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% | $466.0M | 67.1% | $70.0M | 10.1% |
| 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% |
| 2015 | $69.3M | - | $40.6M | 58.5% | $-189,277,000 | -273.0% |
MSC Chart Terminal
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
Live Breakouts Feed
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
11+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MSC — 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 is holding steady at +9.3% year-over-year. TTM revenue is $710M. The current growth rate closely tracks the 5-year CAGR of +69.8%, signalling consistent execution.
What is MSC's revenue history from 2015 to 2026?
Studio City International Holdings Limited (MSC) revenue history spans 2015 to 2026. TTM revenue as of 2026 is $710M, growing at +9.3% YoY. The 5-year CAGR is +69.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MSC's long-term revenue growth rate (CAGR)?
Studio City International Holdings Limited's 5-year revenue CAGR of +69.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +9.3% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MSC.
Why does MSC's quarterly revenue fluctuate?
MSC quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Studio City International Holdings Limited's revenue data from 2015 to 2026 shows full historical quarterly detail on this page.
How is MSC's revenue distributed by segment?
MSC reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MSC's revenue compare to industry peers?
Studio City International Holdings Limited (MSC) with TTM revenue of $710M and +9.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.