SciPlay Delivered Sequential Growth and Second Highest Revenue Quarter

LAS VEGAS, Aug. 9, 2021 /PRNewswire/ — SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the second quarter ended June 30, 2021.

Josh Wilson, Chief Executive Officer of SciPlay, said, “Our teams continued the strong momentum from the first quarter delivering sequential growth on the top and bottom lines. The core social casino business continues to perform well as we hit another record quarter for Gold Fish and grew key payer metrics. We continue to evolve our business, rapidly expanding in the casual genre with Solitaire Pets Adventure and the acquisition of Koukoi Games. Koukoi will jumpstart our development of Project X with an experienced and proven team. SciPlay is extremely well situated to continue driving sustainable growth.”

Mike Cody, Chief Financial Officer of SciPlay, added “This quarter saw another record for payer conversion at 8.5% in addition to record ARPDAU of $0.72 while our other monetization metrics continue to perform above pre-COVID levels. Importantly, we were able to grow above market in social casino sequentially and deliver our second highest revenue quarter. We are excited to continue enhancing our social casino portfolio and expanding our casual pipeline.”

Second Quarter 2021 Financial Highlights

Second quarter revenue was $154.0 million, down 7.0% from the prior year period, largely due to the easing of stay-at-home measures compared to the height of COVID prevention measures in the prior year. Revenue grew 1.9% sequentially driven by the continued performance of social casino and continued improvement in key monetization metrics.
Net income was $37.9 million compared to $48.8 million in the prior year period, as a function of lower revenue related to the easing of stay-at-home measures.
AEBITDA, a non-GAAP financial measure defined below, was $47.9 million compared to $59.6 million in the prior year period, primarily driven by lower revenue. AEBITDA margin, a non-GAAP financial measure defined below, was 31.1% for the quarter.
Net cash provided by operating activities was $48.7 million, a $3.3 million decrease over the prior year period reflecting lower earnings, which was offset by an increase in working capital primarily driven by the timing of payments from our platform providers.
Cash and cash equivalents increased $31.9 million to $300.8 million from the fourth quarter 2020.

Second Quarter Key Performance Highlights

Payer conversion rate reached an all-time high of 8.5%, validating our continued payer focus and live-ops strategy to drive increased monetization.
Average Monthly Revenue Per Paying User (AMRPPU) was $96.29, its second highest level ever trailing only the COVID impacted prior year period.
Average Revenue Per Daily Active User (ARPDAU) reached an all-time high of $0.72, increasing 7.5% from the prior year period.
Mobile penetration increased 100 basis points from the prior year period to 88%.

About SciPlay

We are a leading developer and publisher of digital games on mobile and web platforms. We currently offer seven core games, including four social casino games and three primary casual games, and recently added a solitaire social game targeted toward casual game players. Our social casino games typically include slots-style game play and occasionally include table games-style game play, while our casual games blend slots-style or bingo game play with adventure game features. All of our games are offered and played on multiple platforms, which include Apple, Google, Facebook, Amazon, and Microsoft. In addition to our internally created game content, our content library includes recognizable, real-world slot and table games content from Scientific Games Corporation. This content allows players who like playing land-based slot machines to enjoy some of those same titles in our free-to-play games.

You can access our filings with the SEC through the SEC website at www.sec.gov or through our website, and we strongly encourage you to do so. We routinely post information that may be important to investors on our website at www.sciplay.com/investors/, and we use our website as a means of disclosing material information to the public in a broad, non-exclusionary manner for purposes of the SEC’s Regulation Fair Disclosure (Reg FD). The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document, and shall not be deemed “filed” under the Securities Exchange Act of 1934, as amended.