SciPlay Key Executives
This section highlights SciPlay's key executives, including their titles and compensation details.
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SciPlay Earnings
This section highlights SciPlay's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q2 | 2023 | 2023-08-08 | $0.25 | $0.25 |
| Read Transcript | Q1 | 2023 | 2023-05-10 | N/A | N/A |
SciPlay Corporation develops, markets, and operates a portfolio of social games for mobile and web platforms in North America and internationally. It offers social casino games, such as Jackpot Party Casino, Gold Fish Casino, Quick Hit Slots, 88 Fortunes Slots, MONOPOLY Slots, and Hot Shot Casino, as well as casual games comprising Bingo Showdown, Solitaire Pets Adventure, and Backgammon Live. The company's social casino games include slots-style game play, as well as table games-style game play; and casual games blend slots-style or bingo game play with adventure game features. It also offers titles and content from third-party licensed brands. The company was formerly known as SG Social Games Corporation and changed its name to SciPlay Corporation in March 2019. SciPlay Corporation was founded in 1997 and is based in Las Vegas, Nevada. SciPlay Corporation is a subsidiary of Scientific Games Corporation.
$22.95
Stock Price
$495.60M
Market Cap
855
Employees
Las Vegas, NV
Location
Financial Statements
Access annual & quarterly financial statements for SciPlay, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $671.00M | $606.10M | $582.20M | $465.80M | $416.20M |
| Cost of Revenue | $204.00M | $190.00M | $185.30M | $158.50M | $160.40M |
| Gross Profit | $467.00M | $416.10M | $396.90M | $307.30M | $255.80M |
| Gross Profit Ratio | 69.60% | 68.70% | 68.17% | 65.97% | 61.46% |
| Research and Development Expenses | $46.80M | $39.70M | $33.30M | $23.60M | $25.60M |
| General and Administrative Expenses | $67.60M | $62.40M | $66.20M | $40.60M | $34.50M |
| Selling and Marketing Expenses | $177.60M | $135.30M | $130.70M | $129.70M | $105.70M |
| Selling General and Administrative Expenses | $245.20M | $197.70M | $196.90M | $170.30M | $140.20M |
| Other Expenses | $21.40M | $15.50M | $9.70M | $7.00M | $3.00M |
| Operating Expenses | $313.40M | $252.90M | $239.90M | $200.90M | $180.90M |
| Cost and Expenses | $517.40M | $442.90M | $425.20M | $359.40M | $341.30M |
| Interest Income | $- | $- | $- | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $31.60M | $15.50M | $13.70M | $12.40M | $15.10M |
| EBITDA | $180.10M | $210.20M | $168.70M | $116.10M | $90.00M |
| EBITDA Ratio | 26.84% | 34.68% | 28.98% | 24.92% | 28.47% |
| Operating Income | $148.50M | $194.70M | $155.00M | $103.70M | $46.40M |
| Operating Income Ratio | 22.13% | 32.12% | 26.62% | 22.26% | 11.15% |
| Total Other Income Expenses Net | $3.00M | $-32.50M | $-600.00K | $-1.50M | $-29.70M |
| Income Before Tax | $151.50M | $130.70M | $154.40M | $102.20M | $49.40M |
| Income Before Tax Ratio | 22.58% | 21.56% | 26.52% | 21.94% | 11.87% |
| Income Tax Expense | $700.00K | $5.70M | $8.40M | $8.70M | $10.40M |
| Net Income | $150.80M | $125.00M | $146.00M | $93.50M | $39.00M |
| Net Income Ratio | 22.47% | 20.62% | 25.08% | 20.07% | 9.37% |
| EPS | $6.16 | $5.00 | $5.98 | $4.12 | $1.77 |
| EPS Diluted | $6.16 | $5.00 | $5.98 | $4.12 | $1.77 |
| Weighted Average Shares Outstanding | 23.90M | 24.20M | 24.30M | 22.70M | 22.00M |
| Weighted Average Shares Outstanding Diluted | 24.50M | 25.00M | 24.40M | 22.70M | 22.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.90M | $186.40M | $182.10M | $170.80M | $160.10M | $158.00M | $154.40M | $146.60M | $154.00M | $151.10M | $147.10M | $151.20M | $165.60M | $118.30M | $112.90M | $116.40M | $118.10M | $118.40M | $113.70M | $105.30M |
| Cost of Revenue | $58.20M | $57.70M | $55.90M | $52.00M | $47.90M | $48.20M | $48.70M | $46.20M | $48.00M | $47.10M | $46.80M | $48.00M | $52.60M | $37.90M | $35.40M | $36.90M | $40.50M | $45.70M | $43.80M | $40.60M |
| Gross Profit | $131.70M | $128.70M | $126.20M | $118.80M | $112.20M | $109.80M | $105.70M | $100.40M | $106.00M | $104.00M | $100.30M | $103.20M | $113.00M | $80.40M | $77.50M | $79.50M | $77.60M | $72.70M | $69.90M | $64.70M |
| Gross Profit Ratio | 69.40% | 69.00% | 69.30% | 69.60% | 70.10% | 69.50% | 68.50% | 68.50% | 68.80% | 68.80% | 68.18% | 68.25% | 68.24% | 67.96% | 68.64% | 68.30% | 65.71% | 61.40% | 61.48% | 61.44% |
| Research and Development Expenses | $12.50M | $12.70M | $12.20M | $11.80M | $11.30M | $11.50M | $10.90M | $9.80M | $9.50M | $9.50M | $9.00M | $8.80M | $8.20M | $7.30M | $5.50M | $6.30M | $6.00M | $5.80M | $6.50M | $6.40M |
| General and Administrative Expenses | $24.10M | $22.10M | $18.80M | $17.40M | $14.70M | $16.70M | $15.60M | $13.10M | $18.00M | $15.70M | $19.50M | $21.30M | $15.20M | $10.20M | $9.40M | $9.80M | $11.10M | $10.30M | $9.40M | $7.90M |
| Selling and Marketing Expenses | $42.90M | $46.90M | $41.50M | $49.50M | $46.60M | $40.00M | $33.60M | $32.90M | $34.10M | $34.70M | $33.70M | $33.70M | $35.10M | $28.20M | $31.30M | $32.90M | $31.20M | $34.30M | $31.40M | $27.50M |
| Selling General and Administrative Expenses | $67.00M | $69.00M | $60.30M | $66.90M | $61.30M | $56.70M | $49.20M | $46.00M | $52.10M | $50.40M | $53.20M | $55.00M | $50.30M | $38.40M | $40.70M | $42.70M | $42.30M | $44.60M | $40.80M | $35.40M |
| Other Expenses | $3.80M | $5.90M | $5.60M | $5.60M | $5.50M | $-500.00K | $-600.00K | $100.00K | $-100.00K | $-400.00K | $-1.50M | $-200.00K | $600.00K | $500.00K | $900.00K | $-400.00K | $-400.00K | $-1.60M | $3.80M | $-200.00K |
| Operating Expenses | $90.70M | $87.60M | $78.10M | $84.30M | $78.10M | $72.90M | $64.30M | $60.20M | $65.10M | $63.30M | $65.00M | $66.50M | $60.70M | $47.70M | $48.00M | $50.70M | $50.10M | $52.10M | $49.10M | $43.50M |
| Cost and Expenses | $148.90M | $145.30M | $134.00M | $136.30M | $126.00M | $121.10M | $113.00M | $106.40M | $113.10M | $110.40M | $111.80M | $114.50M | $113.30M | $85.60M | $83.40M | $87.60M | $90.60M | $97.80M | $92.90M | $84.10M |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $- | $33.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $11.20M | $8.70M | $7.00M | $7.80M | $7.70M | $4.70M | $4.20M | $4.40M | $3.50M | $3.40M | $2.80M | $2.70M | $2.20M | $2.00M | $1.80M | $1.70M | $1.80M | $1.70M | $1.80M | $1.70M |
| EBITDA | $54.00M | $48.40M | $54.40M | $41.20M | $38.50M | $43.80M | $45.60M | $46.30M | $45.50M | $44.40M | $38.40M | $39.60M | $55.50M | $35.20M | $31.60M | $30.70M | $30.90M | $22.90M | $19.30M | $31.90M |
| EBITDA Ratio | 28.44% | 25.97% | 29.87% | 24.12% | 25.42% | 27.72% | 47.93% | 31.58% | 29.55% | 29.38% | 26.10% | 26.19% | 33.51% | 29.75% | 27.99% | 26.37% | 26.16% | 19.34% | 21.11% | 30.29% |
| Operating Income | $39.20M | $39.70M | $47.40M | $33.40M | $33.00M | $34.70M | $13.00M | $-38.50M | $39.80M | $40.40M | $35.00M | $36.50M | $51.30M | $32.20M | $29.20M | $28.60M | $25.90M | $20.00M | $19.40M | $12.20M |
| Operating Income Ratio | 20.64% | 21.30% | 26.03% | 19.56% | 20.61% | 21.96% | 8.42% | -26.26% | 25.84% | 26.74% | 23.79% | 24.14% | 30.98% | 27.22% | 25.86% | 24.57% | 21.93% | 16.89% | 17.06% | 11.59% |
| Total Other Income Expenses Net | $3.80M | $6.00M | $12.00M | $1.40M | $- | $-500.00K | $-29.00M | $-1.60M | $-100.00K | $-400.00K | $-1.50M | $-200.00K | $600.00K | $500.00K | $900.00K | $-400.00K | $-400.00K | $-1.60M | $3.80M | $-9.20M |
| Income Before Tax | $43.00M | $45.70M | $49.50M | $34.80M | $33.00M | $34.20M | $12.40M | $38.60M | $39.70M | $40.00M | $33.50M | $36.30M | $51.90M | $32.70M | $30.10M | $28.20M | $25.50M | $18.40M | $23.20M | $12.00M |
| Income Before Tax Ratio | 22.64% | 24.52% | 27.18% | 20.37% | 20.61% | 21.65% | 8.03% | 26.33% | 25.78% | 26.47% | 22.77% | 24.01% | 31.34% | 27.64% | 26.66% | 24.23% | 21.59% | 15.54% | 20.40% | 11.40% |
| Income Tax Expense | $1.60M | $3.90M | $-3.30M | $1.10M | $700.00K | $2.20M | $200.00K | $1.60M | $1.80M | $2.10M | $2.50M | $1.20M | $3.10M | $1.60M | $1.50M | $3.20M | $-700.00K | $4.70M | $4.50M | $2.80M |
| Net Income | $5.60M | $41.80M | $52.80M | $33.70M | $32.30M | $4.40M | $2.20M | $5.90M | $5.90M | $5.30M | $4.40M | $5.50M | $6.60M | $4.40M | $4.40M | $2.00M | $12.30M | $13.70M | $18.70M | $9.20M |
| Net Income Ratio | 2.95% | 22.42% | 29.00% | 19.73% | 20.17% | 2.78% | 1.42% | 4.02% | 3.83% | 3.51% | 2.99% | 3.64% | 3.99% | 3.72% | 3.90% | 1.72% | 10.41% | 11.57% | 16.45% | 8.74% |
| EPS | $0.26 | $1.82 | $2.25 | $1.40 | $1.30 | $0.18 | $0.09 | $0.24 | $0.24 | $0.23 | $0.19 | $0.24 | $0.29 | $0.19 | $0.19 | $0.09 | $0.25 | $0.62 | $-0.92 | $0.42 |
| EPS Diluted | $0.25 | $1.82 | $2.25 | $1.40 | $1.30 | $0.18 | $0.09 | $0.24 | $0.24 | $0.21 | $0.18 | $0.23 | $0.27 | $0.19 | $0.19 | $0.09 | $0.25 | $0.62 | $-0.92 | $0.42 |
| Weighted Average Shares Outstanding | 21.40M | 22.00M | 22.70M | 23.70M | 24.60M | 24.60M | 24.80M | 24.50M | 24.40M | 23.20M | 22.80M | 22.80M | 22.80M | 22.70M | 22.70M | 22.70M | 22.70M | 22.00M | 22.00M | 22.00M |
| Weighted Average Shares Outstanding Diluted | 22.30M | 23.00M | 23.50M | 24.00M | 24.80M | 24.80M | 25.30M | 24.80M | 24.70M | 25.10M | 25.60M | 24.10M | 24.20M | 23.70M | 22.70M | 22.70M | 22.70M | 22.00M | 22.00M | 22.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $330.10M | $364.40M | $268.90M | $110.60M | $10.00M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $330.10M | $364.40M | $268.90M | $110.60M | $10.00M |
| Net Receivables | $51.00M | $39.60M | $36.60M | $32.10M | $32.70M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $8.00M | $6.40M | $5.90M | $4.30M | $4.40M |
| Total Current Assets | $389.10M | $410.40M | $311.40M | $147.00M | $47.10M |
| Property Plant Equipment Net | $7.80M | $10.30M | $12.90M | $10.60M | $1.80M |
| Goodwill | $217.60M | $131.10M | $129.80M | $120.70M | $120.70M |
| Intangible Assets | $74.80M | $49.60M | $30.30M | $17.00M | $17.90M |
| Goodwill and Intangible Assets | $292.40M | $180.70M | $160.10M | $137.70M | $138.60M |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $74.50M | $78.50M | $82.50M | $87.10M | $6.40M |
| Other Non-Current Assets | $1.90M | $1.70M | $1.90M | $2.20M | $1.00M |
| Total Non-Current Assets | $376.60M | $271.20M | $257.40M | $237.60M | $147.80M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $765.70M | $681.60M | $568.80M | $384.60M | $194.90M |
| Account Payables | $18.40M | $20.00M | $23.20M | $12.80M | $12.70M |
| Short Term Debt | $2.30M | $- | $- | $- | $- |
| Tax Payables | $5.40M | $4.50M | $7.10M | $3.00M | $1.20M |
| Deferred Revenue | $74.50M | $- | $- | $- | $700.00K |
| Other Current Liabilities | $31.30M | $47.30M | $21.30M | $13.40M | $30.50M |
| Total Current Liabilities | $57.40M | $71.80M | $51.60M | $29.20M | $44.40M |
| Long Term Debt | $3.10M | $5.40M | $7.50M | $5.20M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $89.60M | $79.40M | $74.20M | $72.70M | $11.90M |
| Total Non-Current Liabilities | $92.70M | $84.80M | $81.70M | $77.90M | $11.90M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $150.10M | $156.60M | $133.30M | $107.10M | $56.30M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $100.00K | $100.00K | $100.00K | $100.00K | $140.80M |
| Retained Earnings | $74.60M | $52.20M | $32.90M | $12.00M | $- |
| Accumulated Other Comprehensive Income Loss | $-400.00K | $1.10M | $900.00K | $300.00K | $-2.20M |
| Other Total Stockholders Equity | $34.90M | $45.20M | $46.10M | $41.70M | $- |
| Total Stockholders Equity | $615.60M | $525.00M | $435.50M | $277.50M | $138.60M |
| Total Equity | $1.12B | $951.40M | $791.00M | $500.90M | $138.60M |
| Total Liabilities and Stockholders Equity | $765.70M | $681.60M | $568.80M | $384.60M | $194.90M |
| Minority Interest | $506.40M | $426.40M | $355.50M | $223.40M | $- |
| Total Liabilities and Total Equity | $765.70M | $681.60M | $568.80M | $384.60M | $194.90M |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $5.40M | $5.40M | $7.50M | $5.20M | $- |
| Net Debt | $-324.70M | $-359.00M | $-261.40M | $-105.40M | $-10.00M |
Balance Sheet Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $394.90M | $357.50M | $330.10M | $299.20M | $316.10M | $292.00M | $364.40M | $330.80M | $300.80M | $272.00M | $268.90M | $210.30M | $156.10M | $132.60M | $110.60M | $81.30M | $50.40M | $14.50M | $10.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $394.90M | $357.50M | $330.10M | $299.20M | $316.10M | $292.00M | $364.40M | $330.80M | $300.80M | $272.00M | $268.90M | $210.30M | $156.10M | $132.60M | $110.60M | $81.30M | $50.40M | $14.50M | $10.00M |
| Net Receivables | $63.70M | $64.20M | $51.00M | $43.60M | $41.20M | $42.80M | $39.60M | $35.60M | $51.10M | $53.30M | $36.60M | $49.60M | $53.20M | $42.40M | $32.10M | $43.30M | $43.10M | $44.00M | $32.70M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $5.60M | $7.30M | $8.00M | $7.70M | $19.00M | $16.50M | $6.40M | $17.10M | $13.70M | $13.00M | $5.90M | $6.40M | $3.50M | $3.30M | $4.30M | $4.50M | $2.70M | $6.90M | $- |
| Total Current Assets | $464.20M | $429.00M | $389.10M | $350.50M | $376.30M | $351.30M | $410.40M | $383.50M | $365.60M | $338.30M | $311.40M | $266.30M | $212.80M | $178.30M | $147.00M | $129.10M | $96.20M | $65.40M | $47.10M |
| Property Plant Equipment Net | $8.00M | $7.80M | $7.80M | $8.30M | $8.50M | $9.50M | $10.30M | $10.90M | $11.60M | $12.00M | $12.90M | $13.40M | $9.90M | $9.80M | $10.60M | $10.70M | $10.50M | $8.00M | $1.80M |
| Goodwill | $215.60M | $216.10M | $217.60M | $217.50M | $219.00M | $222.60M | $131.10M | $130.20M | $129.30M | $127.80M | $129.80M | $127.00M | $127.10M | $120.70M | $120.70M | $120.70M | $120.70M | $120.70M | $120.70M |
| Intangible Assets | $72.10M | $79.60M | $74.80M | $77.40M | $80.10M | $80.90M | $49.60M | $52.60M | $44.80M | $44.80M | $30.30M | $28.80M | $28.90M | $16.50M | $17.00M | $11.30M | $12.10M | $17.50M | $17.90M |
| Goodwill and Intangible Assets | $287.70M | $295.70M | $292.40M | $294.90M | $299.10M | $303.50M | $180.70M | $182.80M | $174.10M | $172.60M | $160.10M | $155.80M | $156.00M | $137.20M | $137.70M | $132.00M | $132.80M | $138.20M | $138.60M |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $72.30M | $72.30M | $74.50M | $73.80M | $75.70M | $76.30M | $78.50M | $77.30M | $78.80M | $80.50M | $82.50M | $84.00M | $84.90M | $87.70M | $87.10M | $87.20M | $90.00M | $6.40M | $6.40M |
| Other Non-Current Assets | $1.90M | $1.70M | $1.90M | $1.60M | $1.60M | $1.80M | $1.70M | $1.80M | $1.80M | $1.90M | $1.90M | $- | $- | $- | $2.20M | $7.80M | $7.50M | $1.00M | $1.00M |
| Total Non-Current Assets | $369.90M | $377.50M | $376.60M | $378.60M | $384.90M | $391.10M | $271.20M | $272.80M | $266.30M | $267.00M | $257.40M | $253.20M | $250.80M | $234.70M | $237.60M | $237.70M | $240.80M | $153.60M | $147.80M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $834.10M | $806.50M | $765.70M | $729.10M | $761.20M | $742.40M | $681.60M | $656.30M | $631.90M | $605.30M | $568.80M | $519.50M | $463.60M | $413.00M | $384.60M | $366.80M | $337.00M | $219.00M | $194.90M |
| Account Payables | $19.20M | $20.70M | $18.40M | $17.10M | $19.80M | $20.60M | $20.00M | $21.50M | $18.90M | $20.60M | $23.20M | $22.80M | $16.10M | $16.30M | $12.80M | $15.60M | $12.40M | $14.70M | $12.70M |
| Short Term Debt | $- | $- | $2.30M | $- | $- | $- | $2.20M | $- | $- | $- | $2.00M | $- | $- | $- | $1.90M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $5.40M | $- | $- | $- | $4.50M | $- | $- | $- | $7.10M | $- | $- | $- | $3.00M | $- | $- | $- | $1.20M |
| Deferred Revenue | $- | $- | $74.50M | $73.80M | $75.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $700.00K |
| Other Current Liabilities | $44.20M | $41.90M | $31.30M | $31.20M | $55.40M | $55.40M | $45.10M | $35.50M | $34.60M | $33.20M | $19.30M | $19.70M | $18.60M | $11.60M | $11.50M | $23.60M | $23.20M | $27.30M | $30.50M |
| Total Current Liabilities | $63.40M | $62.60M | $57.40M | $48.30M | $75.20M | $76.00M | $71.80M | $57.00M | $53.50M | $53.80M | $51.60M | $42.50M | $34.70M | $27.90M | $29.20M | $39.20M | $35.60M | $42.00M | $44.40M |
| Long Term Debt | $1.90M | $2.40M | $3.10M | $3.60M | $4.10M | $4.80M | $5.40M | $5.90M | $6.40M | $6.90M | $7.50M | $7.80M | $4.80M | $4.50M | $5.20M | $5.60M | $6.00M | $4.30M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $85.30M | $86.20M | $89.60M | $98.60M | $102.70M | $104.60M | $79.40M | $82.10M | $83.10M | $84.60M | $74.20M | $73.90M | $73.00M | $72.70M | $72.70M | $74.70M | $74.80M | $12.30M | $11.90M |
| Total Non-Current Liabilities | $87.20M | $88.60M | $92.70M | $102.20M | $106.80M | $109.40M | $84.80M | $88.00M | $89.50M | $91.50M | $81.70M | $81.70M | $77.80M | $77.20M | $77.90M | $80.30M | $80.80M | $16.60M | $11.90M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $150.60M | $151.20M | $150.10M | $150.50M | $182.00M | $185.40M | $156.60M | $145.00M | $143.00M | $145.30M | $133.30M | $124.20M | $112.50M | $105.10M | $107.10M | $119.50M | $116.40M | $58.60M | $56.30M |
| Preferred Stock | $30.50M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $160.70M | $140.80M |
| Retained Earnings | $85.70M | $80.10M | $74.60M | $67.10M | $62.30M | $56.60M | $52.20M | $50.00M | $44.10M | $38.20M | $32.90M | $28.50M | $23.00M | $16.40M | $12.00M | $7.60M | $5.60M | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-800.00K | $-700.00K | $-400.00K | $-400.00K | $- | $800.00K | $1.10M | $1.10M | $800.00K | $500.00K | $900.00K | $200.00K | $300.00K | $100.00K | $300.00K | $100.00K | $- | $-300.00K | $-2.20M |
| Other Total Stockholders Equity | $31.20M | $35.20M | $34.90M | $39.70M | $43.10M | $45.60M | $471.60M | $44.90M | $44.90M | $44.20M | $401.60M | $44.70M | $42.90M | $41.90M | $265.10M | $41.20M | $40.90M | $- | $- |
| Total Stockholders Equity | $116.20M | $114.70M | $615.60M | $106.50M | $105.50M | $103.10M | $525.00M | $96.10M | $89.90M | $83.00M | $435.50M | $73.50M | $66.30M | $58.50M | $277.50M | $49.00M | $46.60M | $160.40M | $138.60M |
| Total Equity | $683.50M | $655.30M | $1.12B | $578.60M | $579.20M | $557.00M | $951.40M | $511.30M | $488.90M | $460.00M | $791.00M | $395.30M | $351.10M | $307.90M | $500.90M | $247.30M | $220.60M | $160.40M | $138.60M |
| Total Liabilities and Stockholders Equity | $834.10M | $806.50M | $765.70M | $729.10M | $761.20M | $742.40M | $681.60M | $656.30M | $631.90M | $605.30M | $568.80M | $519.50M | $463.60M | $413.00M | $384.60M | $366.80M | $337.00M | $219.00M | $194.90M |
| Minority Interest | $567.30M | $540.60M | $506.40M | $472.10M | $473.70M | $453.90M | $426.40M | $415.20M | $399.00M | $377.00M | $355.50M | $321.80M | $284.80M | $249.40M | $223.40M | $198.30M | $174.00M | $- | $- |
| Total Liabilities and Total Equity | $834.10M | $806.50M | $765.70M | $729.10M | $761.20M | $742.40M | $681.60M | $656.30M | $631.90M | $605.30M | $568.80M | $519.50M | $463.60M | $413.00M | $384.60M | $366.80M | $337.00M | $219.00M | $194.90M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $1.90M | $2.40M | $5.40M | $3.60M | $4.10M | $4.80M | $5.40M | $5.90M | $6.40M | $6.90M | $7.50M | $7.80M | $4.80M | $4.50M | $5.20M | $5.60M | $6.00M | $4.30M | $- |
| Net Debt | $-393.00M | $-355.10M | $-324.70M | $-295.60M | $-312.00M | $-287.20M | $-359.00M | $-324.90M | $-294.40M | $-265.10M | $-261.40M | $-202.50M | $-151.30M | $-128.10M | $-105.40M | $-75.70M | $-44.40M | $-10.20M | $-10.00M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $150.80M | $125.00M | $146.00M | $93.50M | $39.00M |
| Depreciation and Amortization | $21.40M | $15.50M | $9.70M | $7.00M | $15.10M |
| Deferred Income Tax | $-6.10M | $3.60M | $4.30M | $-500.00K | $-6.00M |
| Stock Based Compensation | $11.80M | $7.20M | $22.00M | $8.90M | $4.00M |
| Change in Working Capital | $-3.00M | $-10.50M | $15.40M | $400.00K | $-13.80M |
| Accounts Receivables | $-6.40M | $-2.90M | $-3.90M | $-400.00K | $2.20M |
| Inventory | $- | $- | $- | $- | $-3.90M |
| Accounts Payables | $-1.30M | $-4.70M | $17.20M | $-3.90M | $-14.80M |
| Other Working Capital | $4.70M | $-2.90M | $2.10M | $4.70M | $2.70M |
| Other Non Cash Items | $-24.50M | $23.00M | $-4.00M | $-16.30M | $38.60M |
| Net Cash Provided by Operating Activities | $150.40M | $163.80M | $193.40M | $93.00M | $76.90M |
| Investments in Property Plant and Equipment | $-11.50M | $-9.10M | $-7.10M | $-8.80M | $-3.50M |
| Acquisitions Net | $-107.90M | $-5.70M | $-12.60M | $- | $- |
| Purchases of Investments | $-5.70M | $- | $- | $- | $- |
| Sales Maturities of Investments | $5.70M | $- | $- | $- | $- |
| Other Investing Activities | $5.70M | $-5.70M | $-12.60M | $- | $- |
| Net Cash Used for Investing Activities | $-113.70M | $-14.80M | $-19.70M | $-8.80M | $-3.50M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $341.80M | $- |
| Common Stock Repurchased | $-37.10M | $-13.30M | $-300.00K | $- | $- |
| Dividends Paid | $-23.10M | $-30.00M | $-12.40M | $-311.70M | $- |
| Other Financing Activities | $-47.20M | $-23.60M | $-3.60M | $327.60M | $-79.50M |
| Net Cash Used Provided by Financing Activities | $-70.30M | $-53.60M | $-16.00M | $15.90M | $-79.50M |
| Effect of Forex Changes on Cash | $-700.00K | $100.00K | $600.00K | $500.00K | $-700.00K |
| Net Change in Cash | $-34.30M | $95.50M | $158.30M | $100.60M | $-6.80M |
| Cash at End of Period | $330.10M | $364.40M | $268.90M | $110.60M | $10.00M |
| Cash at Beginning of Period | $364.40M | $268.90M | $110.60M | $10.00M | $16.80M |
| Operating Cash Flow | $150.40M | $163.80M | $193.40M | $93.00M | $76.90M |
| Capital Expenditure | $-11.50M | $-9.10M | $-7.10M | $-8.80M | $-3.50M |
| Free Cash Flow | $138.90M | $154.70M | $186.30M | $84.20M | $73.40M |
Cash Flow Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.60M | $41.80M | $140.70M | $33.70M | $5.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $13.70M | $- | $- |
| Depreciation and Amortization | $11.20M | $5.90M | $21.40M | $5.60M | $5.50M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $-6.10M | $-2.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1.60M | $- | $- |
| Stock Based Compensation | $7.20M | $6.50M | $11.80M | $2.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $- | $55.20M | $-53.20M | $37.60M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-15.80M | $- | $- |
| Accounts Receivables | $- | $- | $-6.40M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-1.30M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $62.90M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non Cash Items | $36.20M | $-12.50M | $-167.80M | $34.90M | $-11.20M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $9.00M | $- | $- |
| Net Cash Provided by Operating Activities | $60.20M | $41.70M | $55.20M | $21.00M | $37.60M | $36.60M | $37.50M | $58.00M | $48.70M | $19.60M | $61.50M | $56.40M | $52.00M | $23.50M | $32.70M | $33.80M | $18.00M | $8.50M | $32.80M | $19.60M |
| Investments in Property Plant and Equipment | $-6.60M | $-3.80M | $-2.90M | $-3.50M | $-3.10M | $-2.00M | $-1.10M | $-900.00K | $-5.00M | $-2.10M | $-2.10M | $-1.80M | $-2.00M | $-1.20M | $-2.30M | $-1.80M | $-3.10M | $-1.60M | $-1.30M | $-700.00K |
| Acquisitions Net | $- | $- | $- | $-1.70M | $- | $-106.20M | $- | $-5.70M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $-300.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $6.00M | $- | $- | $- | $-900.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-6.60M | $-3.80M | $-3.20M | $800.00K | $-3.10M | $-108.20M | $-1.10M | $-6.60M | $-5.00M | $-2.10M | $-2.10M | $-1.80M | $-14.60M | $-1.20M | $-2.30M | $-1.80M | $-3.10M | $-1.60M | $-1.30M | $-700.00K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-14.80M | $-8.20M | $-18.90M | $-11.10M | $-7.10M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-400.00K | $-100.00K | $-100.00K | $-22.70M | $-100.00K | $-200.00K | $-100.00K | $-16.00M | $-13.80M | $-300.00K | $-600.00K | $-200.00K | $- | $- | $- | $- | $- | $- | $- | $-23.20M |
| Other Financing Activities | $-15.80M | $-10.10M | $-21.10M | $-15.70M | $-9.90M | $-500.00K | $-2.80M | $-5.50M | $-1.20M | $-13.90M | $-800.00K | $-300.00K | $-14.10M | $- | $-1.20M | $-1.20M | $20.90M | $-2.60M | $-25.60M | $- |
| Net Cash Used Provided by Financing Activities | $-16.20M | $-10.20M | $-21.20M | $-38.40M | $-10.00M | $-700.00K | $-2.90M | $-21.50M | $-15.00M | $-14.20M | $-1.40M | $-500.00K | $-14.10M | $- | $-1.20M | $-1.20M | $20.90M | $-2.60M | $-25.60M | $-23.20M |
| Effect of Forex Changes on Cash | $-56.20M | $-300.00K | $100.00K | $-300.00K | $-400.00K | $-100.00K | $100.00K | $100.00K | $100.00K | $-200.00K | $600.00K | $100.00K | $200.00K | $-300.00K | $100.00K | $100.00K | $100.00K | $200.00K | $-600.00K | $200.00K |
| Net Change in Cash | $37.40M | $27.40M | $30.90M | $-16.90M | $24.10M | $-72.40M | $33.60M | $30.00M | $28.80M | $3.10M | $58.60M | $54.20M | $23.50M | $22.00M | $29.30M | $30.90M | $35.90M | $4.50M | $5.30M | $-4.10M |
| Cash at End of Period | $394.90M | $357.50M | $330.10M | $299.20M | $316.10M | $292.00M | $364.40M | $330.80M | $300.80M | $272.00M | $268.90M | $210.30M | $156.10M | $132.60M | $110.60M | $81.30M | $50.40M | $14.50M | $10.00M | $4.70M |
| Cash at Beginning of Period | $357.50M | $330.10M | $299.20M | $316.10M | $292.00M | $364.40M | $330.80M | $300.80M | $272.00M | $268.90M | $210.30M | $156.10M | $132.60M | $110.60M | $81.30M | $50.40M | $14.50M | $10.00M | $4.70M | $8.80M |
| Operating Cash Flow | $60.20M | $41.70M | $55.20M | $21.00M | $37.60M | $36.60M | $37.50M | $58.00M | $48.70M | $19.60M | $61.50M | $56.40M | $52.00M | $23.50M | $32.70M | $33.80M | $18.00M | $8.50M | $32.80M | $19.60M |
| Capital Expenditure | $-6.60M | $-3.80M | $-2.90M | $-3.50M | $-3.10M | $-2.00M | $-1.10M | $-900.00K | $-5.00M | $-2.10M | $-2.10M | $-1.80M | $-2.00M | $-1.20M | $-2.30M | $-1.80M | $-3.10M | $-1.60M | $-1.30M | $-700.00K |
| Free Cash Flow | $53.60M | $37.90M | $52.30M | $17.50M | $34.50M | $34.60M | $36.40M | $57.10M | $43.70M | $17.50M | $59.40M | $54.60M | $50.00M | $22.30M | $30.40M | $32.00M | $14.90M | $6.90M | $31.50M | $18.90M |
SciPlay Dividends
Explore SciPlay's dividend history, including dividend yield, payout ratio, and historical payments.
SciPlay News
Read the latest news about SciPlay, including recent articles, headlines, and updates.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against SciPlay Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 25, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in SciPlay Corporation ("SciPlay" or "the Company") (NASDAQ:SCPL) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Light & Wonder. The investigation focuses on determining if the SciPlay board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement.
INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against SciPlay Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 22, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in SciPlay Corporation ("SciPlay" or "the Company") (NASDAQ:SCPL) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Light & Wonder. The investigation focuses on determining if the SciPlay board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement.
INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against SciPlay Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in SciPlay Corporation ("SciPlay" or "the Company") (NASDAQ:SCPL) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Light & Wonder. The investigation focuses on determining if the SciPlay board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement.
INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against SciPlay Corporation and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / August 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in SciPlay Corporation ("SciPlay" or "the Company") (NASDAQ:SCPL) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Light & Wonder. The investigation focuses on determining if the SciPlay board breached its fiduciary duties to shareholders by failing to conduct a fair process prior to the agreement.
INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Light & Wonder, Inc. Buyout of SciPlay Corporation – SCPL, LNW
NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the directors of SciPlay Corporation (“SciPlay”) (NASDAQ: SCPL) breached their fiduciary duties to its shareholders in approving a merger with Light & Wonder, Inc. (“Light & Wonder”) (NASDAQ: LNW) for inadequate consideration. If you are a SciPlay shareholder, you may contact attorney Joe Pettigrew for additional informati.
Shareholder Alert: Ademi LLP investigates whether SciPlay Corporation has obtained a Fair Price in its transaction with Light & Wonder
MILWAUKEE , Aug. 9, 2023 /PRNewswire/ -- Ademi LLP is investigating SciPlay (NASDAQ: SCPL) for possible breaches of fiduciary duty and other violations of law in its transaction with Light & Wonder. Click here to learn how to join the action https://www.ademilaw.com/case/sciplay-corporation or call Guri Ademi toll-free at 866-264-3995.
SciPlay Corporation (SCPL) Q2 2023 Earnings Call Transcript
SciPlay Corporation (NASDAQ:SCPL ) Q2 2023 Earnings Conference Call August 8, 2023 5:30 PM ET Company Participants Robert Weiner - Vice President, Investor Relations Josh Wilson - Chief Executive Officer Daniel O'Quinn - Interim Chief Financial Officer Operator Hello and welcome to the SciPlay Second Quarter 2023 Conference Call. All participants are in listen-only mode.
SciPlay (SCPL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for SciPlay (SCPL) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
SciPlay Reports Second Quarter 2023 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the second quarter ended June 30, 2023. In the second quarter of 2023, SciPlay achieved record revenue for the fourth consecutive quarter. SciPlay has added meaningful gains in market share while continuing its track record of outpacing the performance of the overall social casino market for the sixth consecutive quarter. Revenue grew 19% year-over-year fueled by a combination.
Light & Wonder Reaches Agreement to Acquire Remaining Public Shares of SciPlay
LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ and ASX: LNW) (“Light & Wonder” or “L&W”) and SciPlay Corporation (NASDAQ: SCPL) (“SciPlay”) today announced that they have entered into a definitive agreement under which Light & Wonder will acquire the remaining approximately 17% equity interest in SciPlay that it does not currently own for $22.95 per share in an all-cash transaction (the “Transaction”). The Transaction has been approved by the Board of Directors of Ligh.
Light & Wonder: SciPlay And Further R&D Efforts Would Imply Undervaluation
Light & Wonder's acquisition of SciPlay could bring more attention to the company's business model and potentially lead to a larger valuation. SciPlay's impressive growth of 40.7% CAGR and average payer conversion of 10.3% could positively impact Light & Wonder's financial figures. Risks include lower legislation efforts for iGaming, failed branding, and recession, but despite these risks, Light & Wonder appears undervalued.
SciPlay Forms Special Committee to Evaluate Non-Binding Acquisition Proposal from Light & Wonder
LAS VEGAS , June 8, 2023 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company"), today announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") co-chaired by Mr. Gerald Cohen and Ms.
SciPlay's stock rallies as Light & Wonder airs plan to buy remaining public shares of gaming software company
SciPlay Corp.'s stock SCPL, +0.19% is rallying 25% in premarket trades after Light & Wonder Inc. LNW, +2.72% said it wants to buy the 17% of common stock it doesn't already own in the maker of Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino games. Light & Wonder is offering to pay $20 a share for SciPlay's stock, in a deal valued at $422 million.
Light & Wonder Announces Proposal to Acquire Remaining Public Shares of SciPlay
LAS VEGAS--(BUSINESS WIRE)--Light & Wonder, Inc. (NASDAQ: LNW) (“Light & Wonder,” “L&W” or the “Company”) today announced that it has submitted a proposal to the Board of Directors of SciPlay Corporation (NASDAQ: SCPL) (“SciPlay”) under which Light & Wonder would acquire the remaining 17% equity interest in SciPlay that it does not currently own for $20.00 per share in an all-cash transaction (the “Transaction”) valued at $422 million. Following the Transaction, SciPlay would be.
SciPlay to Participate in Two Investor Conferences
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today that the Company's executives will conduct presentations at two upcoming investor conferences. The presentations will be webcast live, and the information for both webcasts are below. JP Morgan Technology Media & Communications Conference Wednesday, May 24, 2023 2:00 p.m. - 2:35 p.m. ET / 11:00 a.m. - 11:35 a.m. PT Presenter: Josh Wilson, Chief Executive Officer To access the live event, click her.
SciPlay Reports First Quarter 2023 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the first quarter ended March 31, 2023. SciPlay entered 2023 with strong momentum and continued to outpace the social casino market and gained share. Revenue grew 18% year-over-year, achieving another quarterly record primarily due to increased social casino payer engagement and record high average monthly paying users, all translating to strong cash flows. The increases in Net income and AEBITDA(2) outpaced Revenue growth at 31% and 21%, respectively. We also returned $60 million of capital to shareholders through the repurchase of our shares of Class A common stock, since the initiation of the program on May 9, 2022 and through May 9, 2023, completing the share purchase program authorization. Josh Wilson, Chief Executive Officer of SciPlay, commented, “SciPlay continued its industry-leading performance in the first quarter of 2023, outpacing the social casino market for the fifth consecutive quarter. We continue to benefit from the investments that we've made in key growth drivers of our business and into the development of proprietary tools and systems. Our strong operating platform and industry-best team's innovation are providing our players with engaging entertainment experiences, resulting in more payers and increasing monetization per player. We are off to a great start in the first quarter and look forward to continuing on our path of sustainable and profitable growth.” Daniel O'Quinn, Interim Chief Financial Officer of SciPlay, added, “SciPlay posted strong financial results in the first quarter of 2023, reflecting progress on our key objectives: delivering great entertainment experiences to our players, investing in our game franchises, growing market share in social casino and prudently allocating capital. We are pleased to report the completion of our $60 million share repurchase program in about one year's time. Our Board has approved a new $60 million share repurchase authorization, which we will implement in a similar manner as the recently completed program.” (1) This amount is as of May 9, 2023. (2) The financial measure "AEBITDA" is a non-GAAP financial measure defined below under "Non-GAAP Financial Measures" and is reconciled to the most directly comparable GAAP measure in the accompanying supplemental tables at the end of this release. SUMMARY RESULTS Three Months Ended ($ in millions) March 31, 2023 2022 Revenue $ 186.4 $ 158.0 Net income 41.8 32.0 Net income margin 22.4 % 20.3 % Net cash provided by operating activities 41.7 36.6 Capital expenditures 3.8 2.0 Non-GAAP Financial Measures (1) Adjusted EBITDA (“AEBITDA”) $ 53.5 $ 44.2 AEBITDA margin 28.7 % 28.0 % As of March 31, As of December 31, Balance Sheet Measures 2023 2022 Cash and cash equivalents $ 357.5 $ 330.1 Available liquidity(2) 507.5 480.1 (1) The financial measures “AEBITDA” and “AEBITDA margin” are non-GAAP financial measures defined below under “Non-GAAP Financial Measures” and are reconciled to the most directly comparable GAAP measures in the accompanying supplemental tables at the end of this release. (2) Available liquidity is calculated as cash and cash equivalents plus the undrawn capacity on our revolver. Key Performance Indicators (in millions, except Average Revenue Per Daily Active Users ("ARPDAU"), Average Monthly Revenue Per Paying User ("AMRPPU"), Average Monthly Paying Users ("MPUs") and percentages; KPIs include only in-app purchases) Three Months Ended March 31, Increase / 2023 2022 (Decrease) Mobile Penetration 91% 90% 1.0pp Average Monthly Active Users 6.1 6.3 (0.2) Average Daily Active Users 2.3 2.3 — ARPDAU $0.89 $0.74 $0.15 Average MPUs (in thousands) 625 560 65 AMRPPU $97.43 $92.45 $4.98 Payer Conversion Rate 10.3% 8.9% 1.4pp pp = percentage points. First Quarter 2023 Financial Highlights Revenue growth was 18% year-over-year to $186.4 million, a new quarterly record, primarily due to increased social casino payer engagement and record high average monthly paying users. Net income growth was 31% year-over-year to $41.8 million compared to $32.0 million in the prior year period, primarily due to the increase in revenue. Net income margin was 22.4% for the quarter, increasing by 2.1 percentage points year-over-year. AEBITDA, a non-GAAP financial measure defined at the end of this release, grew 21% to $53.5 million compared to $44.2 million in the prior year period. The increase in AEBITDA was primarily due to higher revenue. AEBITDA margin, a non-GAAP financial measure defined at the end of this release, was 28.7% for the quarter, increasing by 0.7 percentage points year-over-year. Net cash provided by operating activities was $41.7 million, a $5.1 million increase over the prior year period, primarily due to an increase in revenue, partially offset by an unfavorable change in working capital due to the timing of payments from our platform providers. Cash and cash equivalents increased by $27.4 million to $357.5 million from the fourth quarter of 2022. Total available liquidity, which includes our undrawn revolver, was $507.5 million. Returned $60.0 million of capital to shareholders through the repurchase of approximately 4.1 million shares of Class A common stock since the initiation of the program on May 9, 2022 and through May 9, 2023, completing the share purchase program authorization. Our Board has approved a new $60.0 million share repurchase authorization, which we will implement in a manner similar to the implementation of the recently completed program. First Quarter Key Performance Highlights Jackpot Party Casino® achieved its third consecutive quarterly record revenue. Quick Hit Slots® achieved its fifth consecutive quarterly record revenue. Payer conversion rate increased by 1.4 percentage points from the prior year period to 10.3% due to consistent payer interaction with the games by our players as a result of our continually enhancing player analytics and the introduction of new content and features into our games. Average Monthly Paying Users (MPU) increased to 625 thousand compared to 560 thousand in the prior year period, a new record. Average Monthly Revenue Per Paying User (AMRPPU) was $97.43, maintaining elevated levels with twelve consecutive quarters above $90. Average Revenue Per Daily Active User (ARPDAU) was up 20% to a record $0.89, compared to $0.74 in the prior year period. About SciPlay SciPlay Corporation (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms. SciPlay currently offers social casino games Jackpot Party® Casino, Gold Fish® Casino, Quick Hit® Slots, 88 Fortunes® Slots, MONOPOLY® Slots, and Hot Shot Casino®, casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live and a variety of hyper-casual games such as Rob Master 3D™, Deep Clean Inc.™ and Oh God™. All of SciPlay's games are offered and played on multiple platforms, including Apple, Google, Facebook, and Amazon. In addition to developing original games, SciPlay has access to a library of more than 1,500 real-world slot and table games provided by Light & Wonder, Inc. and its Subsidiaries. For more information, please visit https://www.SciPlay.com. You can access our filings with the Securities Exchange Commission ("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 http://investors.sciplay.com/, 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 or any other document, and shall not be deemed "filed" under the Securities Exchange Act of 1934, as amended. All ® and © notices signify marks registered in the United States by SciPlay Games, LLC and/or LNW Gaming, Inc., and or their respective affiliates. © 2023 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements Throughout this press release, we make “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: the effects of the COVID-19 pandemic and any resulting social, political, economic and financial complications; our ability to attract and retain players; expectations of growth in total consumer spending on social gaming, including social casino gaming; our reliance on third-party platforms and our ability to track data on those platforms; our ability to continue to launch and enhance games that attract and retain a significant number of paying players; our ability to expand in international markets; our reliance on a small percentage of our players for nearly all of our revenue; our ability to adapt to, and offer games that keep pace with, changing technology and evolving industry standards; competition; our dependence on the optional purchases of coins, chips and bingo cards (collectively referred to as "coins, chips and cards") to supplement the availability of periodically offered free coins, chips and cards; our ability to access additional financing and restrictions and covenants in debt agreements, including those that could result in acceleration of the maturity of our indebtedness; the discontinuation or replacement of the London Interbank Offer Rate, which may adversely affect interest rates; fluctuations in our results due to seasonality and other factors; dependence on skilled employees with creative and technical backgrounds; U.S. and international economic and industry conditions, including increases in benchmark interest rates and the effects of inflation; public perception of our response to environmental, social and governance issues; changes in, or the elimination of, our share repurchase program; our ability to use the intellectual property rights of Light & Wonder, Inc. ("Light & Wonder", "L&W" and "Parent") and other third parties, including the third-party intellectual property rights licensed to Light & Wonder, under our intellectual property license agreement with our Parent; protection of our proprietary information and intellectual property, inability to license third-party intellectual property and the intellectual property rights of others; security and integrity of our games and systems; security breaches, cyber-attacks or other privacy or data security incidents, challenges or disruptions; reliance on or failures in information technology and other systems; loss of revenue due to unauthorized methods of playing our games; the impact of legal and regulatory restrictions on our business, including significant opposition in some jurisdictions to interactive social gaming, including social casino gaming, and how such opposition could lead these jurisdictions to adopt legislation or impose a regulatory framework to govern interactive social gaming or social casino gaming specifically, and how this could result in a prohibition on interactive social gaming or social casino gaming altogether, restrict our ability to advertise our games, or substantially increase our costs to comply with these regulations; laws and government regulations, both foreign and domestic, including those relating to our Parent and to data privacy and security, including with respect to the collection, storage, use, transmission, sharing and protection of personal information and other consumer data, and those laws and regulations that affect companies conducting business on the internet, including ours; the continuing evolution of the scope of data privacy and security regulations, and our belief that the adoption of increasingly restrictive regulations in this area is likely within the U.S. and other jurisdictions; risks related to foreign operations, including the complexity of foreign laws, regulations and markets; the uncertainty of enforcement of remedies in foreign jurisdictions; the effect of currency exchange rate fluctuations; the impact of foreign labor laws and disputes; the ability to attract and retain key personnel in foreign jurisdictions; the economic, tax and regulatory policies of local governments; and compliance with applicable anti-money laundering, anti-bribery and anti-corruption laws; influence of certain stockholders, including decisions that may conflict with the interests of other stockholders; our ability to achieve some or all of the anticipated benefits of being a standalone public company; our dependence on distributions from SciPlay Parent Company, LLC to pay our taxes and expenses, including substantial payments we will be required to make under the Tax Receivable Agreement (the “TRA”); failure to establish and maintain adequate internal control over financial reporting; stock price volatility; litigation and other liabilities relating to our business, including litigation and liabilities relating to consumer protection, gambling-related matters, employee matters, alleged service and system malfunctions, alleged intellectual property infringement and claims relating to our contracts, licenses and strategic investments; our ability to complete acquisitions and integrate businesses successfully; our ability to pursue and execute new business initiatives; our expectations of future growth that will place significant demands on our management and operations; natural events and health crises that disrupt our operations or those of our providers or suppliers; changes in tax laws or tax rulings, or the examination of our tax positions; levels of insurance coverage against claims; and our dependence on certain key providers. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, including the latest annual report filed with the SEC on March 1, 2023 ("2022 Form 10-K") (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake no and expressly disclaim any obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. This press release may contain references to industry market data and certain industry forecasts. Industry market data and industry forecasts are obtained from publicly available information and industry publications. Industry publications generally state that the information contained therein has been obtained from sources believed to be reliable, but that the accuracy and completeness of that information is not guaranteed. Although we believe industry information to be accurate, it is not independently verified by us and we do not make any representation as to the accuracy of that information. In general, we believe there is less publicly available information concerning international social gaming industries than the same industries in the U.S. Some data is also based on our good faith estimates, which are derived from our review of internal surveys or data, as well as the independent sources referenced above. Assumptions and estimates of our and our industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described under “Risk Factors” in Part II, Item 1A of our Quarterly Reports on Form 10-Q and Part I, Item 1A “Risk Factors” in our 2022 Form 10-K. These and other factors could cause future performance to differ materially from our assumptions and estimates. Due to rounding, certain numbers presented herein may not precisely recalculate. SCIPLAY CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited, in millions, except per share amounts) Three Months Ended March 31, 2023 2022 Revenue $ 186.4 $ 158.0 Operating expenses: Cost of revenue(1) 57.7 48.2 Sales and marketing(1) 46.9 40.0 General and administrative(1) 22.1 16.7 Research and development(1) 12.7 11.5 Depreciation and amortization 5.9 4.7 Restructuring and other 1.4 2.2 Operating income 39.7 34.7 Other income (expense), net 6.0 (0.5 ) Net income before income taxes 45.7 34.2 Income tax expense 3.9 2.2 Net income 41.8 32.0 Less: Net income attributable to the noncontrolling interest 36.3 27.6 Net income attributable to SciPlay $ 5.5 $ 4.4 Basic and diluted net income attributable to SciPlay per share: Basic $ 0.25 $ 0.18 Diluted $ 0.24 $ 0.18 Weighted average number of shares of Class A common stock used in per share calculation: Basic shares 22.0 24.6 Diluted shares 23.0 24.8 (1) Excludes depreciation and amortization. SCIPLAY CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except par value) As of March 31, 2023 December 31, 2022 ASSETS Current assets: Cash and cash equivalents $ 357.5 $ 330.1 Accounts receivable, net 64.2 51.0 Prepaid expenses and other current assets 7.3 8.0 Total current assets 429.0 389.1 Property and equipment, net 3.6 3.0 Operating lease right-of-use assets 4.2 4.8 Goodwill 216.1 217.6 Intangible assets and software, net 79.6 74.8 Deferred income taxes 72.3 74.5 Other assets 1.7 1.9 Total assets $ 806.5 $ 765.7 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 20.7 $ 18.4 Accrued liabilities 37.9 35.2 Due to affiliate 4.0 3.8 Total current liabilities 62.6 57.4 Operating lease liabilities 2.4 3.1 Liabilities under TRA 60.2 60.2 Other long-term liabilities 26.0 29.4 Total stockholders’ equity(1) 655.3 615.6 Total liabilities and stockholders’ equity $ 806.5 $ 765.7 (1) Includes $540.6 million and $506.4 million in noncontrolling interest as of March 31, 2023 and December 31, 2022, respectively. SCIPLAY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) Three Months Ended March 31, 2023 2022 Net cash provided by operating activities $ 41.7 $ 36.6 Net cash used in investing activities (3.8 ) (108.2 ) Net cash used in financing activities (10.2 ) (0.7 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (0.3 ) (0.1 ) Increase (decrease) in cash, cash equivalents and restricted cash 27.4 (72.4 ) Cash, cash equivalents and restricted cash, beginning of period 330.1 364.4 Cash, cash equivalents and restricted cash, end of period $ 357.5 $ 292.0 Supplemental cash flow information: Cash paid for income taxes $ 0.4 $ 0.5 Supplemental non-cash transactions: Non-cash additions to intangible assets related to license agreements $ 7.1 $ — SCIPLAY CORPORATION RECONCILIATION OF NET INCOME ATTRIBUTABLE TO SCIPLAY TO AEBITDA (Unaudited, in millions) Three Months Ended March 31, 2023 2022 Net income attributable to SciPlay $ 5.5 $ 4.4 Net income attributable to noncontrolling interest 36.3 27.6 Net income 41.8 32.0 Restructuring and other(1) 1.4 2.2 Depreciation and amortization 5.9 4.7 Income tax expense 3.9 2.2 Stock-based compensation 6.5 2.6 Other (income) expense, net (6.0 ) 0.5 AEBITDA $ 53.5 $ 44.2 Revenue $ 186.4 $ 158.0 Net income margin (Net income/Revenue) 22.4 % 20.3 % AEBITDA margin (AEBITDA/Revenue) 28.7 % 28.0 % (1) Refer to AEBITDA definition for a description of items included in restructuring and other. RECONCILIATION OF NET INCOME MARGIN TO AEBITDA MARGIN Three Months Ended March 31, 2023 2022 Net income margin (Net income/Revenue) 22.4 % 20.3 % Restructuring and other 0.7 % 1.4 % Depreciation and amortization 3.2 % 3.0 % Income tax expense 2.1 % 1.4 % Stock-based compensation 3.5 % 1.6 % Other (income) expense, net (3.2 )% 0.3 % AEBITDA margin (AEBITDA/Revenue) 28.7 % 28.0 % Non-GAAP Financial Measures Adjusted EBITDA, or AEBITDA, as used herein, is a non-GAAP financial measure that is presented as supplemental disclosure and is reconciled to net income attributable to SciPlay as the most directly comparable GAAP measure as set forth in the above table. We define AEBITDA to include net income attributable to SciPlay before: (1) net income attributable to noncontrolling interest; (2) interest expense; (3) income tax expense; (4) depreciation and amortization; (5) restructuring and other, which includes charges or expenses attributable to: (a) employee severance; (b) management changes; (c) restructuring and integration; (d) M&A and other, which includes: (i) M&A transaction costs; (ii) purchase accounting adjustments (including contingent acquisition consideration); (iii) unusual items (including legal settlements related to major litigation) and (iv) other non-cash items; and (e) cost-savings initiatives; (6) stock-based compensation; (7) loss or gain on debt financing transactions; and (8) other expense or income including foreign currency (gains) and losses. We also use AEBITDA margin, a non-GAAP measure, which we calculate as AEBITDA as a percentage of revenue. Our management uses AEBITDA and AEBITDA margin to, among other things: (i) monitor and evaluate the performance of our business operations; (ii) facilitate our management’s internal comparisons of our historical operating performance and (iii) analyze and evaluate financial and strategic planning decisions regarding future operating investments and operating budgets. In addition, our management uses AEBITDA and AEBITDA margin to facilitate management’s external comparisons of our results to the historical operating performance of other companies that may have different capital structures and debt levels. Our management believes that AEBITDA and AEBITDA margin are useful as they provide investors with information regarding our financial condition and operating performance that is an integral part of our management’s reporting and planning processes. In particular, our management believes that AEBITDA is helpful because this non-GAAP financial measure eliminates the effects of restructuring, transaction, integration or other items that management believes have less bearing on our ongoing underlying operating performance. Management believes AEBITDA margin is useful as it provides investors with information regarding the underlying operating performance and margin generated by our business operations.
SciPlay to Report First Quarter 2023 Results on Tuesday, May 9, 2023, and Host an Earnings Conference Call Before Market Open on Wednesday, May 10, 2023
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the first quarter 2023, ended March 31, 2023, on Tuesday, May 9, 2023, after market close. The Company will host an investor audio conference call and simultaneous webcast on Wednesday, May 10, 2023, at 8:30 a.m. Eastern Time to discuss the financial results. We encourage participants to pre-register for the audio conference call or webcast by using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to the call start time. To pre-register, click here: SciPlay Investor Call Investor Conference Call May 10, 2023 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time Telephone Dial-in Telephone Replay US Toll Free: +1 (833) 630-1073 A telephone replay of the call will be available for two weeks. International Toll: +1 (412) 317-1833 US Toll Free: +1 (877) 344-7529 Conference ID: SciPlay Call International Toll: +1 (412) 317-0088 Replay Access Code: 7231695 Investor Webcast To access the live conference call or webcast, please visit the Company’s Investor News and Events section of its website https://investors.sciplay.com/news-and-events/events-and-presentations and click on the webcast link. A replay of the webcast will be available approximately one hour after the webcast and will be archived on the Company’s website. About SciPlay SciPlay Corporation (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms. SciPlay currently offers social casino games Jackpot Party® Casino, Gold Fish® Casino, Quick Hit® Slots, 88 Fortunes® Slots, MONOPOLY Slots, and Hot Shot Casino®, and casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live and a variety of hyper casual games such as Rob Master 3d™, Deep Clean Inc.™ and Oh God™. All of SciPlay’s games are offered and played on multiple platforms, including Apple, Google, Facebook, and Amazon. In addition to developing original games, SciPlay has access to a library of more than 1,500 real-world slot and table games provided by Light & Wonder, and its Subsidiaries. For more information, please visit SciPlay.com. All ® and © notices signify copyrights owned by and/or marks registered in the United States by SciPlay Games, LLC or LNW Gaming, Inc., and or their respective affiliates. ©2023 SciPlay Corporation. All Rights Reserved.
SciPlay Corporation (SCPL) Q4 2022 Earnings Call Transcript
SciPlay Corporation (NASDAQ:SCPL ) Q4 2022 Earnings Conference Call March 2, 2023 8:30 AM ET Company Participants Robert Weiner - VP, IR Josh Wilson - CEO Daniel O'Quinn - Interim CFO Conference Call Participants Eric Sheridan - Goldman Sachs Drew Crum - Stifel Matthew Thornton - Truist David Karnovsky - JPMorgan Aaron Lee - Macquarie Matthew Cost - Morgan Stanley Ryan Sigdahl - Craig-Hallum Capital Group Omar Dessouky - Bank of America Ben Soff - Deutsche Bank Operator Good morning and thank you for standing by. Welcome to the SciPlay Fourth Quarter and Full-Year 2022 Earnings Conference Call.
Casino Games Publisher SciPlay Comes Up Aces With Fourth-Quarter Report
Mobile video game publisher SciPlay beat Wall Street's target for sales in the fourth quarter and matched views on earnings. The post Casino Games Publisher SciPlay Comes Up Aces With Fourth-Quarter Report appeared first on Investor's Business Daily.
SciPlay Reports Record Results for the Fourth Quarter and Full Year 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the fourth quarter and fiscal year ended December 31, 2022. Josh Wilson, Chief Executive Officer of SciPlay, commented, "SciPlay capped a pivotal year with strong fourth quarter and full year results and delivered impressive top-line results, growing revenue 18% in the fourth quarter and 11% for the full year. We significantly outperformed the social casino market and achieved record KPIs in the fourth quarter, including payer conversion of 10.4%, ARPDAU reaching an 18% increase YoY and a 13% YoY increase in paying users. “SciPlay’s strong performance was powered by strategic investments made in key initiatives including proprietary technologies, data science and marketing all while implementing dynamic and impactful LiveOps in our games. Our team continues to execute on our differentiated approach to drive consistent growth, increasing profitability and increasing shareholder value.” Daniel O’Quinn, Interim Chief Financial Officer of SciPlay, commented "Our record fourth quarter and full year results are clear indicators of our industry-leading performance. We generated double-digit growth on both the top and bottom line in the quarter and achieved our full year financial targets, while continuing to invest in our long-term growth strategies generating substantial operating cash flow and returning significant capital to our shareholders. “The strength of our platform and unmatched player loyalty propelled the performance of our games to all-time highs with record ARPDAU and record paying players as we continue to deliver long-term value for our shareholders.” SUMMARY RESULTS Three Months Ended Year Ended ($ in millions) December 31, December 31, 2022 2021 2022 2021 Revenue $ 182.1 $ 154.4 $ 671.0 $ 606.1 Net income 52.8 12.2 150.8 125.0 Net income margin 29.0 % 7.9 % 22.5 % 20.6 % Net cash provided by operating activities 55.2 37.5 150.4 163.8 Capital expenditures 2.9 1.1 11.5 9.1 Non-GAAP Financial Measures (1) Adjusted EBITDA (“AEBITDA”) $ 58.7 $ 47.4 $ 186.8 $ 185.9 AEBITDA margin 32.2 % 30.7 % 27.8 % 30.7 % As of December 31, Balance Sheet Measures 2022 2021 Cash and cash equivalents $ 330.1 $ 364.4 Available liquidity(2) 480.1 514.4 (1) The financial measures “AEBITDA” and “AEBITDA margin” are non-GAAP financial measures defined below under “Non-GAAP Financial Measures” and are reconciled to the most directly comparable GAAP measures in the accompanying supplemental tables at the end of this release. (2) Available liquidity is calculated as cash and cash equivalents plus the undrawn capacity on our revolver. Key Performance Indicators - In-App Purchases (in millions, except ARPDAU(1), AMRPPU(2), and percentages) Three Months Ended Year Ended December 31, Increase / December 31, Increase / 2022 2021 (Decrease) 2022 2021 (Decrease) Mobile Penetration 90% 89% 1.0pp 90% 89% 1.0pp Average Monthly Active Users 5.7 5.9 (0.2) 6.0 6.2 (0.2) Average Daily Active Users 2.2 2.3 (0.1) 2.3 2.3 — ARPDAU(1) $0.87 $0.74 $0.13 $0.78 $0.71 $0.07 Average Monthly Paying Users 0.6 0.5 0.1 0.6 0.5 0.1 AMRPPU(2) $99.16 $98.38 $0.78 $94.58 $95.26 ($0.68) Payer Conversion Rate 10.4% 8.9% 1.5pp 9.6% 8.5% 1.1pp Average Revenue per Daily Active User. (2) Average Monthly Revenue per Paying User. Fourth Quarter 2022 Financial Highlights Revenue growth of 18% or by $27.7 million to a new quarterly record of $182.1 million. Revenue growth in the quarter was driven by strong game performance from Jackpot Party® Casino and Quick Hit® Slots as well as revenue contribution from Alictus. Net income was $52.8 million compared to $12.2 million in the prior year period. This increase was primarily driven by higher revenue performance and the prior year charge of $24.5 million for the Washington State settlement charge, partially offset by a $7.3 million increase in personnel costs (including stock-based compensation), and $5.8 million increase in marketing spend. Net income margin was 29% for the quarter, an increase of 21.1 percentage points from the prior year period. AEBITDA, a non-GAAP financial measure defined below, grew 24% to $58.7 million compared to $47.4 million in the prior year period. Higher revenue performance more than offset increased operating expenses as we continued to invest in marketing and talent to support future growth initiatives. AEBITDA margin, a non-GAAP financial measure defined below, was 32%, an increase of 150 basis points (“bps”) from the prior year period. Net cash provided by operating activities was $55.2 million, a $17.7 million increase from the prior year, primarily driven by higher net income. Cash and cash equivalents increased $30.9 million to $330.1 million from the third quarter of 2022. Total available liquidity, which includes our undrawn revolver, was $480.1 million at year-end 2022. Fourth Quarter Key Performance Highlights Jackpot Party Casino® achieved its second consecutive quarterly record revenue. Quick Hit Slots® achieved its fourth consecutive quarterly record revenue. Payer conversion rate reached a record 10.4% demonstrating the effectiveness of our strategies to leverage live services capabilities to enhance game play and engagement, driving increased monetization. Average Monthly Revenue Per Paying User (AMRPPU) increased to $99.16, the second-highest level in the Company’s history. Average Monthly Paying Users (MPU) increased to a record 0.6 million compared to 0.5 million in the prior year period. Average Revenue Per Daily Active User (ARPDAU) increased 18% to a record $0.87 compared to $0.74 in the prior year period. Full Year 2022 Financial Highlights Revenue growth of 11% to $671.0 million, compared to prior year revenue of $606.1 million, due to strong revenue performance generated by Jackpot Party® Casino and Quick Hit® Slots, as well as from our acquisition of Alictus. Overall performance reflected our strategy to focus on payer conversion and retention, which drove strong game performance and significantly above market growth. Net income increase of 21%, or $25.8 million, to $150.8 million, as compared to $125.0 million in the prior year, reflects continued growth in revenue as average monthly paying users and payer conversion rates continued to increase throughout 2022, as well as the prior year’s legal settlement charge of $24.5 million. Net income margin was 22%, an increase of 190 bps from 21% in the prior year. AEBITDA, a non-GAAP financial measure defined below, was $186.8 million as compared to $185.9 million in the prior year, an increase of 0.5%, primarily reflecting higher revenues offset by increased expense related to investments made in the SciPlay engine, data science, marketing, and monetization, which fueled our record performance in 2022. Additionally, throughout the year we added talent to our game and marketing teams scaling support for current operations and future growth initiatives. AEBITDA margin, a non-GAAP financial measure defined below, was 28%, a decrease of 290 bps. Net cash provided by operating activities was $150.4 million, a decline of 8% year-over-year, which was primarily due to the payment of the $24.5 million legal settlement (previously accrued), which was partially offset by higher earnings. Cash and cash equivalents decreased by $34.3 million to $330.1 million as of year-end 2022. Returned $41.7 million to shareholders, repurchasing approximately 3 million shares through February 24, 2023, representing approximately 70% of the $60 million share repurchase program authorization, which was initiated in May 2022. Full Year 2022 Key Performance Highlights Payer Conversion Rate grew 110 bps to 9.6% validating our strategies to focus on live operations to enhance game play and engagement, driving increased monetization. AMRPPU of $94.58 maintained elevated levels with the third consecutive year above $90. ARPDAU grew 10% to a record $0.78 compared to $0.71 in the prior year. MPU increased to a record of 0.6 million compared to 0.5 million in the prior year period. Earnings Conference Call As previously announced, SciPlay executive leadership will host a conference call on Thursday, March 2, 2023 at 8:30 am EST to review the Company’s fourth quarter and full year results. Participants may pre-register for the call by navigating to SciPlay Call. To access the call live via a listen-only webcast and presentation, please visit http://investors.sciplay.com/news-and-events/events-and-presentations and click on the webcast link for the Q4 2022 SciPlay Earnings Conference Call. To access the call by telephone, please dial: +1 (833) 630-1073 (U.S.) or +1 (412) 317-1833 (International) and reference Conference ID: SciPlay call. An audio call replay will be available until March 16, 2023, by dialing +1 (877)-344-7529 (U.S.) or +1 (412)-317-0088 (International) and (855) 669-9658 (Canada), and provide passcode 5469053. A replay of the webcast will be archived in the Investors section on http://www.sciplay.com. About SciPlay SciPlay Corporation (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms. SciPlay currently offers social casino games Jackpot Party® Casino, Gold Fish® Casino, Quick Hit® Slots, 88 Fortunes® Slots, MONOPOLY® Slots, and Hot Shot Casino®, casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live, and a variety of hyper-casual games such as Rob Master 3D™, Deep Clean, Inc.™ and Oh God™. All of SciPlay’s games are offered and played on multiple platforms, including Apple, Google, Facebook and Amazon. In addition to developing original games, SciPlay has access to a library of more than 1,500 real-world slot and table games provided by Light & Wonder, Inc. and its Subsidiaries. For more information, please visit http://www.SciPlay.com. All ® and © notices signify copyrights owned by and/or marks registered in the United States by SciPlay Games, LLC and/or LNW Gaming, Inc. (formerly known as SG Gaming, Inc.), and/or their respective affiliates. © 2023 SciPlay Corporation. All Rights Reserved. You can access our filings with the Securities Exchange Commission (“SEC”) through the SEC website at http://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 http://investors.sciplay.com/, 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. All ® notices signify marks registered in the United States. © 2023 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements Throughout this press release, we make “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as “may,” “will,” “estimate,” “intend,” “plan,” “continue,” “believe,” “expect,” “anticipate,” “target,” “should,” “could,” “potential,” “opportunity,” “goal,” or similar terminology. These statements are based upon management’s current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: the effects of the COVID-19 pandemic and any resulting social, political, economic and financial complications; our ability to attract and retain players; expectations of growth in total consumer spending on social gaming, including social casino gaming; our reliance on third-party platforms and our ability to track data on those platforms; our ability to continue to launch and enhance games that attract and retain a significant number of paying players; our ability to expand in international markets; our reliance on a small percentage of our players for nearly all of our revenue; our ability to adapt to, and offer games that keep pace with, changing technology and evolving industry standards; competition; our dependence on the optional purchases of virtual coins, chips and bingo cards (collectively referred to as “coins, chips and cards”) to supplement the availability of periodically offered free coins, chips and cards; our ability to access additional financing and restrictions and covenants in debt agreements, including those that could result in acceleration of the maturity of our indebtedness; the discontinuation or replacement of the London Interbank Offer Rate, which may adversely affect interest rates; fluctuations in our results due to seasonality and other factors; dependence on skilled employees with creative and technical backgrounds; U.S. and international economic and industry conditions, including increases in benchmark interest rates and the effects of inflation; public perception of our response to environmental, social and governance issues; changes in, or the elimination of, our share repurchase program; our ability to use the intellectual property rights of Light & Wonder, Inc. (“Light & Wonder”, “L&W” and “Parent”) and other third parties, including the third-party intellectual property rights licensed to Light & Wonder, under our intellectual property license agreement with our Parent; protection of our proprietary information and intellectual property, inability to license third-party intellectual property and the intellectual property rights of others; security and integrity of our games and systems; security breaches, cyber-attacks or other privacy or data security incidents, challenges or disruptions; reliance on or failures in information technology and other systems; loss of revenue due to unauthorized methods of playing our games; the impact of legal and regulatory restrictions on our business, including significant opposition in some jurisdictions to interactive social gaming, including social casino gaming, and how such opposition could lead these jurisdictions to adopt legislation or impose a regulatory framework to govern interactive social gaming or social casino gaming specifically, and how this could result in a prohibition on interactive social gaming or social casino gaming altogether, restrict our ability to advertise our games, or substantially increase our costs to comply with these regulations; laws and government regulations, both foreign and domestic, including those relating to our Parent, and to data privacy and security, including with respect to the collection, storage, use, transmission, sharing and protection of personal information and other consumer data, and those laws and regulations that affect companies conducting business on the internet, including ours; the continuing evolution of the scope of data privacy and security regulations, and our belief that the adoption of increasingly restrictive regulations in this area is likely within the U.S. and other jurisdictions; risks related to foreign operations, including the complexity of foreign laws, regulations and markets; the uncertainty of enforcement of remedies in foreign jurisdictions; the effect of currency exchange rate fluctuations; the impact of foreign labor laws and disputes; the ability to attract and retain key personnel in foreign jurisdictions; the economic, tax and regulatory policies of local governments; and compliance with applicable anti-money laundering, anti-bribery and anti-corruption laws; influence of certain stockholders, including decisions that may conflict with the interests of other stockholders; our ability to achieve some or all of the anticipated benefits of being a standalone public company; our dependence on distributions from SciPlay Parent Company, LLC to pay our taxes and expenses, including substantial payments we will be required to make under the Tax Receivable Agreement (the “TRA”); failure to establish and maintain adequate internal control over financial reporting; stock price volatility; litigation and other liabilities relating to our business, including litigation and liabilities relating to consumer protection, gambling-related matters, employee matters, alleged service and system malfunctions, alleged intellectual property infringement and claims relating to our contracts, licenses and strategic investments; our ability to complete acquisitions and integrate businesses successfully; our ability to pursue and execute new business initiatives; our expectations of future growth that will place significant demands on our management and operations; natural events and health crises that disrupt our operations or those of our providers or suppliers; changes in tax laws or tax rulings, or the examination of our tax positions; levels of insurance coverage against claims; and our dependence on certain key providers. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q, and annual reports on Form 10-K, including the forthcoming reports to be filed with the SEC for the year ended December 31, 2022 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for our ongoing obligations under the U.S. federal securities laws, we undertake no and expressly disclaim any obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. This press release may contain references to industry market data and certain industry forecasts. Industry market data and industry forecasts are obtained from publicly available information and industry publications. Industry publications generally state that the information contained therein has been obtained from sources believed to be reliable, but that the accuracy and completeness of that information is not guaranteed. Although we believe industry information to be accurate, it is not independently verified by us and we do not make any representation as to the accuracy of that information. In general, we believe there is less publicly available information concerning international social gaming industries than the same industries in the U.S. Some data is also based on our good faith estimates, which are derived from our review of internal surveys or data, as well as the independent sources referenced above. Assumptions and estimates of our and our industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors, including those described in "Risk Factors" in Part I, Item 1A of our 2022 Annual Report on Form 10-K. These and other factors could cause future performance to differ materially from our assumptions and estimates. Non-GAAP Financial Measures Adjusted EBITDA, or AEBITDA, as used herein, is a non-GAAP financial measure that is presented as supplemental disclosure and is reconciled to net income attributable to SciPlay as the most directly comparable GAAP measure as set forth in the above table. We define AEBITDA to include net income attributable to SciPlay before: (1) net income attributable to noncontrolling interest; (2) interest expense; (3) income tax expense; (4) depreciation and amortization; (5) restructuring and other, which includes charges or expenses attributable to: (a) employee severance; (b) management changes; (c) restructuring and integration; (d) M&A and other, which includes: (i) M&A transaction costs; (ii) purchase accounting adjustments (including contingent acquisition consideration); (iii) unusual items (including legal settlements related to major litigation) and (iv) other non-cash items; and (e) cost-savings initiatives; (6) stock-based compensation; (7) loss (gain) on debt financing transactions; and (8) other expense (income) including foreign currency (gains) and losses. We also use AEBITDA margin, a non-GAAP measure, which we calculate as AEBITDA as a percentage of revenue. Our management uses AEBITDA and AEBITDA margin to, among other things: (i) monitor and evaluate the performance of our business operations; (ii) facilitate our management’s internal comparisons of our historical operating performance and (iii) analyze and evaluate financial and strategic planning decisions regarding future operating investments and operating budgets. In addition, our management uses AEBITDA and AEBITDA margin to facilitate management’s external comparisons of our results to the historical operating performance of other companies that may have different capital structures and debt levels. Our management believes that AEBITDA and AEBITDA margin are useful as they provide investors with information regarding our financial condition and operating performance that is an integral part of our management’s reporting and planning processes. In particular, our management believes that AEBITDA is helpful because this non-GAAP financial measure eliminates the effects of restructuring, transaction, integration or other items that management believes have less bearing on our ongoing underlying operating performance. Management believes AEBITDA margin is useful as it provides investors with information regarding the underlying operating performance and margin generated by our business operations. SCIPLAY CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited, in millions, except per share amounts) Three Months Ended Year Ended December 31, December 31, 2022 2021 2022 2021 Revenue $ 182.1 $ 154.4 $ 671.0 $ 606.1 Operating expenses: Cost of revenue(1) 55.9 48.7 204.0 190.0 Sales and marketing(1) 41.5 33.6 177.6 135.3 General and administrative(1) 18.8 15.6 67.6 62.4 Research and development(1) 12.2 10.9 46.8 39.7 Depreciation and amortization 5.6 4.2 21.4 15.5 Restructuring and other(2) 0.7 28.4 5.1 31.5 Total operating expenses 134.7 141.4 522.5 474.4 Operating income 47.4 13.0 148.5 131.7 Other income (expense): Other income (expense), net 2.1 (0.6 ) 3.0 (1.0 ) Total other income (expense), net 2.1 (0.6 ) 3.0 (1.0 ) Net income before income taxes 49.5 12.4 151.5 130.7 Income tax benefit (expense) 3.3 (0.2 ) (0.7 ) (5.7 ) Net income 52.8 12.2 150.8 125.0 Less: Net income attributable to the noncontrolling interest 45.3 10.0 128.4 105.7 Net income attributable to SciPlay $ 7.5 $ 2.2 $ 22.4 $ 19.3 Basic and diluted net income attributable to SciPlay per share: Basic $ 0.33 $ 0.09 $ 0.94 $ 0.80 Diluted $ 0.32 $ 0.09 $ 0.91 $ 0.77 Weighted average number of shares of Class A common stock used in per share calculation: Basic shares 22.7 24.5 23.9 24.2 Diluted shares 23.5 24.8 24.5 25.0 (1) Excludes depreciation and amortization. (2) For 2021 periods, includes $24.5 million legal settlement charge. SCIPLAY CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in millions, except par value) As of December 31, 2022 2021 ASSETS Cash and cash equivalents $ 330.1 $ 364.4 Accounts receivable, net (allowance for doubtful accounts of $—) 51.0 39.6 Prepaid expenses and other current assets 8.0 6.4 Total current assets 389.1 410.4 Property and equipment, net 3.0 3.5 Operating lease right-of-use assets 4.8 6.8 Goodwill 217.6 131.1 Intangible assets and software, net 74.8 49.6 Deferred income taxes 74.5 78.5 Other assets 1.9 1.7 Total assets $ 765.7 $ 681.6 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ 18.4 $ 20.0 Accrued liabilities 35.2 50.2 Due to affiliate 3.8 1.6 Total current liabilities 57.4 71.8 Operating lease liabilities 3.1 5.4 Liabilities under TRA 60.2 64.7 Other long‑term liabilities 29.4 14.7 Total liabilities 150.1 156.6 Total stockholders’ equity(1) 615.6 525.0 Total liabilities and stockholders’ equity $ 765.7 $ 681.6 (1) Includes $506.4 million and $426.4 million in noncontrolling interest as of December 31, 2022 and December 31, 2021, respectively. SCIPLAY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) Three Months Ended Years Ended December 31, December 31, 2022 2021 2022 2021 Net cash provided by operating activities $ 55.2 $ 37.5 $ 150.4 $ 163.8 Net cash used in investing activities (3.2 ) (1.1 ) (113.7 ) (14.8 ) Net cash used in financing activities (21.2 ) (2.9 ) (70.3 ) (53.6 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.1 0.1 (0.7 ) 0.1 Increase (decrease) in cash, cash equivalents and restricted cash 30.9 33.6 (34.3 ) 95.5 Cash, cash equivalents and restricted cash, beginning of period 299.2 330.8 364.4 268.9 Cash, cash equivalents and restricted cash, end of period $ 330.1 $ 364.4 $ 330.1 $ 364.4 Supplemental cash flow information: Cash paid for income taxes $ 1.5 $ 0.3 $ 4.6 $ 4.8 Non-cash investing and financing transactions: Non-cash additions to intangible assets related to license agreements $ — $ — $ 1.0 $ 14.1 SCIPLAY CORPORATION RECONCILIATION OF NET INCOME ATTRIBUTABLE TO SCIPLAY TO AEBITDA (Unaudited, in millions) Three Months Ended Year Ended December 31, December 31, 2022 2021 2022 2021 Net income attributable to SciPlay $ 7.5 $ 2.2 $ 22.4 $ 19.3 Net income attributable to noncontrolling interest 45.3 10.0 128.4 105.7 Net income 52.8 12.2 150.8 125.0 Restructuring and other(1) 0.7 28.4 5.1 31.5 Depreciation and amortization 5.6 4.2 21.4 15.5 Income tax (benefit) expense (3.3 ) 0.2 0.7 5.7 Stock-based compensation 5.0 1.8 11.8 7.2 Other (income) expense, net (2.1 ) 0.6 (3.0 ) 1.0 AEBITDA $ 58.7 $ 47.4 $ 186.8 $ 185.9 Revenue $ 182.1 $ 154.4 $ 671.0 $ 606.1 Net income margin (Net income/Revenue) 29.0 % 7.9 % 22.5 % 20.6 % AEBITDA margin (AEBITDA/Revenue) 32.2 % 30.7 % 27.8 % 30.7 % (1) Refer to AEBITDA definition for a description of items included in restructuring and other. For 2021 periods, restructuring and other includes a $24.5 million legal settlement charge. RECONCILIATION OF NET INCOME MARGIN TO AEBITDA MARGIN (Unaudited) Three Months Ended Year Ended December 31, December 31, 2022 2021 2022 2021 Net income margin (Net income/Revenue) 29.0 % 7.9 % 22.5 % 20.6 % Restructuring and other 0.4 % 18.4 % 0.7 % 5.2 % Depreciation and amortization 3.1 % 2.7 % 3.1 % 2.6 % Income tax (benefit) expense (1.8 )% 0.1 % 0.1 % 0.9 % Stock-based compensation 2.7 % 1.2 % 1.8 % 1.2 % Other (income) expense, net (1.2 )% 0.4 % (0.4 )% 0.2 % AEBITDA margin (AEBITDA/Revenue) 32.2 % 30.7 % 27.8 % 30.7 %
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