In fiscal 2025, Studio City International Holdings achieved revenue of $694.6 million, an 8.7% increase over the prior year, supported by recovery in Macau’s gaming market [F1]. Operating income rose sharply by 83.6% to $70.0 million, reflecting improved operational efficiency [F1]. Despite this progress, the company recorded a net loss of $58.8 million due to significant interest expenses and financing costs [F1][N2]. Liquidity remains constrained with a current ratio of approximately 0.73 and cash reserves of $109.4 million at year-end [F1]. Studio City Finance Limited’s recent debt repurchase activity signals ongoing balance sheet management efforts [N2]. The company has not paid dividends from 2022 through 2025, indicating a focus on reinvestment or deleveraging strategies amid regulatory uncertainties impacting Macau’s gaming sector [S4-S11].