- Studio City Finance Limited reported **total operating revenues** of **US$190.1 million** for the second quarter of 2025, an increase from US$161.5 million in the second quarter of 2024.  **[1713334_0001193125-25-191663_d18206dex992.htm:6]**  This increase was primarily driven by improved mass market operations and higher non-gaming revenues.  **[1713334_0001193125-25-191663_d18206dex992.htm:6]** 
- The **net loss attributable** to Studio City Finance Limited significantly decreased to **US$4.4 million** for the second quarter of 2025, compared to a net loss of US$36.8 million in the same period of 2024.  **[1713334_0001193125-25-191663_d18206dex991.htm:7]** 
- **Gross gaming revenues** for Studio City Casino were **US$359.6 million** in the second quarter of 2025, up from US$339.3 million in the second quarter of 2024.  **[1713334_0001193125-25-191663_d18206dex991.htm:7]**  Mass market table games drop was **US$958.2 million**, and gaming machine handle was **US$916.1 million** for Q2 2025.  **[1713334_0001193125-25-191663_d18206dex991.htm:7]** **[1713334_0001193125-25-191663_d18206dex992.htm:7]** 
- As of June 30, 2025, gross indebtedness stood at approximately **US$2,171.7 million**.  **[1713334_0001193125-25-191663_d18206dex991.htm:9]** **[1713334_0001193125-25-191663_d18206dex992.htm:9]**  The company fully repaid the outstanding principal amount of **US$221.6 million** of the 2025 Studio City Finance Notes at maturity on July 15, 2025, using proceeds from credit facility drawdowns and cash on hand.  **[1713334_0001193125-25-191663_d18206dex991.htm:9]** **[1713334_0001193125-25-191663_d18206dex992.htm:9]** 
- Studio City Casino has strategically repositioned its operations to focus on **premium mass and mass market segments**, with VIP rolling chip operations transferred to City of Dreams in late October 2024.  **[1713334_0001193125-25-191663_d18206dex991.htm:7]** **[1713334_0001193125-25-191663_d18206dex992.htm:7]**

STUDIO CITY INTERNATIONAL HOLDINGS (MSC)