Studio City International Holdings Limited reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 4.35 million compared to USD 7.98 million a year ago. Revenue was USD 4.24 million compared to USD 28.38 million a year ago. Net loss was USD 85.41 million compared to USD 53.95 million a year ago. Basic loss per share from continuing operations was USD 0.444 compared to USD 0.584 a year ago. Diluted loss per share from continuing operations was USD 0.444 compared to USD 0.584 a year ago.
For the full year, sales was USD 17.92 million compared to USD 38.75 million a year ago. Revenue was USD 11.55 million compared to USD 106.87 million a year ago. Net loss was USD 326.45 million compared to USD 252.56 million a year ago. Basic loss per share from continuing operations was USD 1.836 compared to USD 2.728 a year ago. Diluted loss per share from continuing operations was USD 1.844 compared to USD 2.728 a year ago.