SciPlay Reports Second Quarter 2019 Results

  • Post published:August 2, 2019
  • Post category:News / iGaming
Sciplay
Record Mobile Revenue up 28%, Approaching $100 million for the Quarter

LAS VEGAS, Aug. 1, 2019 /PRNewswire/ — SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the second quarter ended June 30, 2019.

  • Financial outlook the company expects a continuation of the strong trends experienced in the first half of 2019. For the full year 2019, the company expects revenue to be in a range of $480 million to $490 million.

Key Performance Highlights

  • Payer conversion rates remained strong at 6.0% validating our continued focus on live operations to drive increased player interaction with the games.
  • Jackpot Party, our largest game by revenue, grew 28% year over year or over 3x market growth driven by improved player engagement and monetization.
  • Bingo Showdown and 88 Fortunes continued their strong performance as the games progress through the ramp phase.
  • Three of the company’s games are ranked in the top 30 in the Social Casino Category on Apple’s App Store, and six games are ranked in the top 30 on Google Play for Top Grossing Casino Games.

Barry Cottle, Executive Chairman of SciPlay, said, “Our strong revenue and profitability growth continued in the second quarter. As we look ahead, our team is incredibly excited about the future given the strength of our games, platform and untapped growth opportunities.”

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Josh Wilson, Chief Executive Officer of SciPlay, said, “In May, we took the important step of becoming a public company, and we are now focused on executing our mission to become the #1 casual mobile gaming company in the world. In the second quarter, we saw 18% revenue growth including over 20% growth as we exited the quarter. Our superior data-driven user acquisition, engagement and monetization remain important differentiators, as we continue to grow and expand in the $35 billion social casino and casual gaming market.”

Mike Cody, Chief Financial Officer of SciPlay, added, “We are extremely pleased with the continued industry leading growth we are delivering, while also significantly improving net income, AEBITDA and generating cash for future expansion. The team remains focused on efficient and profitable growth in both our existing games as well as new opportunities both in terms of markets and game content.”

Earnings Conference Call

SciPlay executive leadership will host a conference call on Thursday, August 1, 2019, at 4:15 p.m. EST to review the Company’s second quarter results. To access the call live via a listen-only webcast and presentation, please visit http://www.sciplay.com/investors/investor-information/ and click on the webcast link under the Investor Information section. To access the call by telephone, please dial: +1 (412) 317-0790 (U.S. and International) and ask to join the SciPlay Corporation call. A replay of the webcast will be archived in the Investors section on www.sciplay.com.

About SciPlay

SciPlay (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms. We currently offer seven core games, including social casino games Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino and Quick Hit Slots, and casual games MONOPOLY Slots, Bingo Showdown and 88 Fortunes Slots. 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, including Apple, Google, Facebook and Amazon. In addition to our internally created games, our content library includes recognizable, real-world slot and table games content from Scientific Games Corporation. We have access to Scientific Games Corporation’s library of more than 1,500 iconic casino titles which we integrate across our different games.