Reported Earnings • May 05
First quarter 2026 earnings released: EPS: US$0.015 (vs US$0.083 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.015 (up from US$0.083 loss in 1Q 2025). Revenue: US$176.7m (up 9.3% from 1Q 2025). Net income: US$2.86m (up US$18.8m from 1Q 2025). Profit margin: 1.6% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Duyuru • Apr 28
Studio City International Holdings Limited to Report Q1, 2026 Results on Apr 30, 2026 Studio City International Holdings Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Apr 13
Studio City International Holdings Limited, Annual General Meeting, Jun 05, 2026 Studio City International Holdings Limited, Annual General Meeting, Jun 05, 2026, at 10:00 China Standard Time. Location: at academy, 2/f, w macau - studio city, avenida de cotai, macau China New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 16
Full year 2025 earnings released: US$0.30 loss per share (vs US$0.50 loss in FY 2024) Full year 2025 results: US$0.30 loss per share (improved from US$0.50 loss in FY 2024). Revenue: US$694.6m (up 8.7% from FY 2024). Net loss: US$58.8m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Full year 2025 earnings released: US$0.30 loss per share (vs US$0.50 loss in FY 2024) Full year 2025 results: US$0.30 loss per share (improved from US$0.50 loss in FY 2024). Revenue: US$694.6m (up 8.7% from FY 2024). Net loss: US$58.8m (loss narrowed 39% from FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Duyuru • Feb 05
Studio City International Holdings Limited to Report Q4, 2025 Results on Feb 12, 2026 Studio City International Holdings Limited announced that they will report Q4, 2025 results on Feb 12, 2026 Reported Earnings • Nov 07
Third quarter 2025 earnings released: US$0.096 loss per share (vs US$0.11 loss in 3Q 2024) Third quarter 2025 results: US$0.096 loss per share (improved from US$0.11 loss in 3Q 2024). Revenue: US$182.5m (up 4.5% from 3Q 2024). Net loss: US$18.6m (loss narrowed 11% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 30
Studio City International Holdings Limited to Report Q3, 2025 Results on Nov 06, 2025 Studio City International Holdings Limited announced that they will report Q3, 2025 results at 12:30 PM, US Eastern Standard Time on Nov 06, 2025 New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
Second quarter 2025 earnings released: US$0.019 loss per share (vs US$0.17 loss in 2Q 2024) Second quarter 2025 results: US$0.019 loss per share (improved from US$0.17 loss in 2Q 2024). Revenue: US$190.1m (up 18% from 2Q 2024). Net loss: US$3.75m (loss narrowed 89% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 25
Studio City International Holdings Limited to Report Q2, 2025 Results on Jul 31, 2025 Studio City International Holdings Limited announced that they will report Q2, 2025 results on Jul 31, 2025 Reported Earnings • May 09
First quarter 2025 earnings released: US$0.083 loss per share (vs US$0.085 loss in 1Q 2024) First quarter 2025 results: US$0.083 loss per share (improved from US$0.085 loss in 1Q 2024). Revenue: US$161.7m (up 7.7% from 1Q 2024). Net loss: US$16.0m (loss narrowed 1.9% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • May 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Duyuru • May 02
Studio City International Holdings Limited to Report Q1, 2025 Results on May 08, 2025 Studio City International Holdings Limited announced that they will report Q1, 2025 results on May 08, 2025 Duyuru • Apr 14
Studio City International Holdings Limited, Annual General Meeting, Jun 06, 2025 Studio City International Holdings Limited, Annual General Meeting, Jun 06, 2025. Location: salon vi, level 3, estrada do istmo, cotai macau, studio city United States Reported Earnings • Feb 28
Full year 2024 earnings released: US$0.50 loss per share (vs US$0.69 loss in FY 2023) Full year 2024 results: US$0.50 loss per share (improved from US$0.69 loss in FY 2023). Revenue: US$639.1m (up 44% from FY 2023). Net loss: US$96.7m (loss narrowed 28% from FY 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Feb 24
Studio City International Holdings Limited to Report Q4, 2024 Results on Feb 27, 2025 Studio City International Holdings Limited announced that they will report Q4, 2024 results on Feb 27, 2025 New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Nov 06
Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.15 loss in 3Q 2023) Third quarter 2024 results: US$0.11 loss per share (improved from US$0.15 loss in 3Q 2023). Revenue: US$174.6m (up 27% from 3Q 2023). Net loss: US$21.0m (loss narrowed 26% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Oct 31
Studio City International Holdings Limited to Report Q3, 2024 Results on Nov 05, 2024 Studio City International Holdings Limited announced that they will report Q3, 2024 results on Nov 05, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: US$0.17 loss per share (vs US$0.25 loss in 2Q 2023) Second quarter 2024 results: US$0.17 loss per share (improved from US$0.25 loss in 2Q 2023). Revenue: US$161.5m (up 40% from 2Q 2023). Net loss: US$33.4m (loss narrowed 31% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Aug 07
Studio City International Holdings Limited to Report Q2, 2024 Results on Aug 13, 2024 Studio City International Holdings Limited announced that they will report Q2, 2024 results on Aug 13, 2024 Reported Earnings • Jun 04
First quarter 2024 earnings released: US$0.085 loss per share (vs US$0.22 loss in 1Q 2023) First quarter 2024 results: US$0.085 loss per share (improved from US$0.22 loss in 1Q 2023). Revenue: US$150.2m (up 192% from 1Q 2023). Net loss: US$16.3m (loss narrowed 61% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 01
First quarter 2024 earnings released: US$0.076 loss per share (vs US$0.20 loss in 1Q 2023) First quarter 2024 results: US$0.076 loss per share (improved from US$0.20 loss in 1Q 2023). Revenue: US$150.2m (up 192% from 1Q 2023). Net loss: US$14.6m (loss narrowed 62% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Apr 28
Studio City International Holdings Limited to Report Q1, 2024 Results on Apr 30, 2024 Studio City International Holdings Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Duyuru • Apr 13
Studio City International Holdings Limited, Annual General Meeting, Jun 07, 2024 Studio City International Holdings Limited, Annual General Meeting, Jun 07, 2024, at 10:00 China Standard Time. Location: Salon VI, Level 3, Studio City, Estrada do Istmo, Cotai Macau China Reported Earnings • Mar 03
Full year 2023 earnings released: US$0.69 loss per share (vs US$1.84 loss in FY 2022) Full year 2023 results: US$0.69 loss per share (improved from US$1.84 loss in FY 2022). Revenue: US$445.5m (up US$434.0m from FY 2022). Net loss: US$133.5m (loss narrowed 59% from FY 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Duyuru • Feb 23
Studio City International Holdings Limited to Report Q4, 2023 Results on Feb 29, 2024 Studio City International Holdings Limited announced that they will report Q4, 2023 results on Feb 29, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.15 loss per share (vs US$0.44 loss in 3Q 2022) Third quarter 2023 results: US$0.15 loss per share (improved from US$0.44 loss in 3Q 2022). Net loss: US$28.4m (loss narrowed 67% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Duyuru • Nov 02
Studio City International Holdings Limited to Report Q3, 2023 Results on Nov 07, 2023 Studio City International Holdings Limited announced that they will report Q3, 2023 results on Nov 07, 2023 New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). New Risk • Sep 20
New major risk - Revenue and earnings growth Earnings have declined by 40% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-US$631m). Reported Earnings • Aug 01
Second quarter 2023 earnings released: US$0.25 loss per share (vs US$0.45 loss in 2Q 2022) Second quarter 2023 results: US$0.25 loss per share (improved from US$0.45 loss in 2Q 2022). Net loss: US$48.5m (loss narrowed 43% from 2Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Duyuru • Aug 01
Studio City International Holdings Limited to Report Q2, 2023 Results on Aug 01, 2023 Studio City International Holdings Limited announced that they will report Q2, 2023 results on Aug 01, 2023 Major Estimate Revision • Jun 20
Consensus estimates of losses per share improve by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from US$357.5m to US$363.3m. EPS estimate increased from -US$1.29 per share to -US$0.81 per share. Hospitality industry in the US expected to see average net income growth of 23% next year. Consensus price target up from US$7.50 to US$11.00. Share price rose 2.5% to US$6.44 over the past week. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.20 loss per share (vs US$0.53 loss in 1Q 2022) First quarter 2023 results: US$0.20 loss per share (improved from US$0.53 loss in 1Q 2022). Revenue: US$51.5m (up 329% from 1Q 2022). Net loss: US$38.0m (loss narrowed 46% from 1Q 2022). Revenue is forecast to grow 52% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Duyuru • May 05
Studio City International Holdings Limited to Report Q1, 2023 Results on May 10, 2023 Studio City International Holdings Limited announced that they will report Q1, 2023 results on May 10, 2023 Major Estimate Revision • Apr 21
Consensus revenue estimates increase by 76% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from US$202.9m to US$357.5m. Forecast losses expected to reduce from -US$1.97 to -US$1.29 per share. Hospitality industry in the US expected to see average net income growth of 18% next year. Consensus price target up from US$6.20 to US$7.50. Share price fell 3.4% to US$8.00 over the past week. Reported Earnings • Apr 06
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: US$1.84 loss per share. Revenue: US$11.5m (down 89% from FY 2021). Net loss: US$326.5m (loss widened 29% from FY 2021). Revenue missed analyst estimates by 34%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Revenue is forecast to grow 101% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in the US. Reported Earnings • Mar 02
Full year 2022 earnings released: US$1.84 loss per share (vs US$2.73 loss in FY 2021) Full year 2022 results: US$1.84 loss per share. Revenue: US$11.5m (down 89% from FY 2021). Net loss: US$326.5m (loss widened 29% from FY 2021). Revenue is forecast to grow 101% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Hospitality industry in the US. Price Target Changed • Nov 16
Price target decreased to US$2.20 Down from US$5.40, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$2.29. Stock is down 66% over the past year. The company is forecast to post a net loss per share of US$2.43 next year compared to a net loss per share of US$2.73 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Nigel Dean was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.44 loss per share (vs US$0.68 loss in 3Q 2021) Third quarter 2022 results: US$0.44 loss per share. Net loss: US$85.2m (loss widened 35% from 3Q 2021). Revenue is forecast to grow 103% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in the US. Duyuru • Oct 28
Studio City International Holdings Limited to Report Q3, 2022 Results on Nov 02, 2022 Studio City International Holdings Limited announced that they will report Q3, 2022 results on Nov 02, 2022 Major Estimate Revision • Oct 19
Consensus revenue estimates fall by 79% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$56.6m to US$12.0m. Forecast losses increased from -US$2.25 to -US$2.43 per share. Hospitality industry in the US expected to see average net income growth of 11% next year. Consensus price target of US$2.20 unchanged from last update. Share price fell 5.3% to US$2.20 over the past week. Reported Earnings • Aug 18
Second quarter 2022 earnings released: US$0.41 loss per share (vs US$0.65 loss in 2Q 2021) Second quarter 2022 results: US$0.41 loss per share. Net loss: US$85.6m (loss widened 44% from 2Q 2021). Over the next year, revenue is forecast to grow 142%, compared to a 58% growth forecast for the Hospitality industry in the US. Duyuru • Aug 17
Studio City International Holdings Limited to Report Q2, 2022 Results on Aug 18, 2022 Studio City International Holdings Limited announced that they will report Q2, 2022 results on Aug 18, 2022 Major Estimate Revision • Jun 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$198.3m to US$56.6m. EPS estimate unchanged from -US$2.25 per share at last update. Hospitality industry in the US expected to see average net income growth of 12% next year. Consensus price target of US$2.20 unchanged from last update. Share price fell 3.4% to US$1.91 over the past week. Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: US$0.63 loss per share (up from US$0.82 loss in 1Q 2021). Revenue: US$12.0m (down 58% from 1Q 2021). Net loss: US$70.2m (loss narrowed 7.3% from 1Q 2021). Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 14%. Over the next year, revenue is forecast to grow 176%, compared to a 105% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 48% per year, which means it has not declined as severely as earnings. Duyuru • May 05
Studio City International Holdings Limited to Report Q1, 2022 Results on May 05, 2022 Studio City International Holdings Limited announced that they will report Q1, 2022 results on May 05, 2022 Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$298.0m to US$198.3m. EPS estimate increased from -US$2.97 to -US$1.75 per share. Hospitality industry in the US expected to see average net income growth of 23% next year. Consensus price target down from US$10.40 to US$5.40. Share price rose 15% to US$5.45 over the past week. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Nigel Dean was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$298.0m to US$198.3m. EPS estimate increased from -US$2.97 to -US$1.75 per share. Hospitality industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$10.40 to US$5.40. Share price fell 13% to US$4.59 over the past week. Duyuru • Apr 20
Studio City International Holdings Limited, Annual General Meeting, Jun 10, 2022 Studio City International Holdings Limited, Annual General Meeting, Jun 10, 2022, at 10:00 China Standard Time. Location: Salon VI, Level 3, Studio City, Estrada do Istmo, Cotai Macau China Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$2.73 loss per share (up from US$4.36 loss in FY 2020). Revenue: US$106.9m (up 117% from FY 2020). Net loss: US$252.6m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 179%, compared to a 101% growth forecast for the restaurants industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$2.28 loss per share (up from US$4.36 loss in FY 2020). Revenue: US$106.9m (up 117% from FY 2020). Net loss: US$252.6m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 179%, compared to a 111% growth forecast for the restaurants industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Duyuru • Feb 24
Studio City International Holdings Limited to Report Q4, 2021 Results on Mar 01, 2022 Studio City International Holdings Limited announced that they will report Q4, 2021 results on Mar 01, 2022 Price Target Changed • Nov 26
Price target increased to US$7.80 Up from US$5.80, the current price target is provided by 1 analyst. New target price is 21% above last closing price of US$6.46. Stock is down 56% over the past year. The company posted a net loss per share of US$4.36 last year. Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.57 loss per share (vs US$1.21 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$18.7m (up US$17.8m from 3Q 2020). Net loss: US$63.2m (loss narrowed 36% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 28
Second quarter 2021 earnings released: US$0.54 loss per share (vs US$1.51 loss in 2Q 2020) The company reported a soft second quarter result with weaker revenues and control over costs, although losses reduced. Second quarter 2021 results: Revenue: US$31.2m (down 349% from 2Q 2020). Net loss: US$59.7m (loss narrowed 34% from 2Q 2020). Price Target Changed • Jun 24
Price target decreased to US$8.60 Down from US$9.30, the current price target is provided by 1 analyst. New target price is 25% below last closing price of US$11.50. Stock is down 28% over the past year. Reported Earnings • Apr 30
First quarter 2021 earnings released: US$0.68 loss per share (vs US$1.17 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$28.6m (down 23% from 1Q 2020). Net loss: US$75.8m (loss widened 6.9% from 1Q 2020). Major Estimate Revision • Apr 24
Consensus revenue estimates fall to US$242.1m The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from US$330.7m to US$242.1m. Forecast losses increased from -US$3.14 to -US$3.73 per share. Hospitality industry in the US expected to see average net income growth of 109% next year. Consensus price target up from US$9.10 to US$9.30. Share price was steady at US$12.10 over the past week. Reported Earnings • Apr 04
Full year 2020 earnings released: US$4.36 loss per share (vs US$0.56 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$49.2m (down 92% from FY 2019). Net loss: US$321.6m (down US$355.2m from profit in FY 2019).