MELCO INT'L DEV (00200): The net income attributable to Studio City Entertainment for the year 2024 was $43.5 million, turning from a loss to a profit year-on-year.

MELCO International Development (00200) announced the fourth quarter and full-year financial results of Studio City Entertainment up to December 31, 2024. The total operating revenue for the fourth quarter of 2024 was $1.19 billion, an increase of approximately 9% compared to the same period in 2023. Studio City Entertainment's attributable net loss for the fourth quarter of 2024 was $20.3 million, compared to an attributable net loss of $206 million for the fourth quarter of 2023. For the fiscal year ending December 31, 2024, total operating revenue reached $4.64 billion, an increase of 22.75% compared to the previous year. Studio City Entertainment's attributable net income for 2024 was $43.5 million, while the attributable net loss for 2023 was $327 million.