How did Studio City's revenue streams transform in Q4 2024 compared to previous quarters?

Studio City's revenue streams showed distinct transformations in Q4 2024, primarily driven by a significant shift in the provision of gaming-related services and a notable increase in rooms and food and beverage revenues. Here’s a detailed analysis:

1. **Gaming-Related Services**: The revenue from provision of gaming-related services decreased to $259.84 million in Q4 2024, down from $311.12 million in Q3 2024 and $347.56 million in Q2 2024. This decline might indicate a strategic shift or operational adjustments within this segment.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|3571000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|2572000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|1521000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|685000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Food and Beverage|1.8922E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|685000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Services Fee|1.2428E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Mall|4320000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Provision of Gaming Related Services|6.6887E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Rooms|3.8523E7|169|

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|2572000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|1521000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|685000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Food and Beverage|1.8922E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Retail and Other|685000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Services Fee|1.2428E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Mall|4320000|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Provision of Gaming Related Services|6.6887E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Rooms|3.8523E7|169|
|MSC|MSC.N|Studio City International Holdings|20240101-2024|Entertainment|8392000|169|

2. **Rooms**: There was a notable increase in rooms revenue, reaching $160.72 million in Q4 2024, up from $128.97 million in Q3 2024 and $76.2 million in Q2 2024. This suggests a possible focus on enhancing accommodation services or a response to growing demand for lodging.

3. **Food and Beverage**: The revenue from food and beverage services also saw a rise, reaching $89.66 million in Q4 2024, up from $76.2 million in Q2 2024 and $67.48 million in Q3 2024. This could reflect an expansion in catering or retail offerings, potentially benefiting from increased foot traffic or promotional activities.

4. **Services Fee**: The services fee revenue remained relatively stable at $59.53 million in Q4 2024, which was similar to the previous quarter’s figures. This suggests a consistent demand for ancillary services, possibly including entertainment, parking, or other amenities.

In conclusion, Studio City's revenue streams in Q4 2024 showcased a strengthening in rooms and food and beverage services, alongside a strategic adjustment in gaming-related services. These changes may reflect operational optimizations or responses to market dynamics, warranting close monitoring for future trends.