UBSFY vs. SCPL: Which Stock Is the Better Value Option?
Investors with an interest in Gaming stocks have likely encountered both UbiSoft Entertainment Inc. (UBSFY) and SciPlay (SCPL). But which of these two stocks is more attractive to value investors?
zacks.com
Read More
UBSFY or SCPL: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Gaming sector have probably already heard of UbiSoft Entertainment Inc. (UBSFY) and SciPlay (SCPL). But which of these two stocks presents investors with the better value opportunity right now?
zacks.com
Read More
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.
accesswire.com
Read More
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.
accesswire.com
Read More
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.
accesswire.com
Read More
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.
accesswire.com
Read More
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.
businesswire.com
Read More
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.
prnewswire.com
Read More
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.
seekingalpha.com
Read More
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.
zacks.com
Read More
SciPlay (SCPL) Q2 Earnings Lag Estimates
SciPlay (SCPL) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.23 per share a year ago.
zacks.com
Read More
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.
businesswire.com
Read More
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.
businesswire.com
Read More
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.
seekingalpha.com
Read More
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.
prnewswire.com
Read More
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.
marketwatch.com
Read More
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.
businesswire.com
Read More
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.
businesswire.com
Read More
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.
businesswire.com
Read More
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.
businesswire.com
Read More
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.
seekingalpha.com
Read More
SciPlay (SCPL) Lags Q4 Earnings Estimates
SciPlay (SCPL) delivered earnings and revenue surprises of -3.03% and 2.54%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
zacks.com
Read More
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.
investors.com
Read More
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 %
businesswire.com
Read More
SciPlay’s CEO Josh Wilson to Participate at the Morgan Stanley TMT Conference on Monday, March 6, 2023
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today that the Company’s Chief Executive Officer, Josh Wilson, will participate in a fireside chat during the Morgan Stanley TMT Conference, being held at the Palace Hotel in San Francisco, CA. The thirty-minute fireside chat will be on March 6, 2023 at 10:25 am PST/1:25 pm EST. SciPlay encourages participants to pre-register for the audio webcast by using the following link. Participants may pre-register at any time. To pre-register, click here: SciPlay’s Morgan Stanley TMT Fireside Chat Webcast Webcast March 6, 2023 10:25 a.m. Pacific Time / 1:25 p.m. Eastern Time Investor Webcast To access the live conference 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 for six months following the live event. 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, Inc. 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.
businesswire.com
Read More
SciPlay's CEO Josh Wilson to Participate at the Morgan Stanley TMT Conference on Monday, March 6, 2023
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today that the Company's Chief Executive Officer, Josh Wilson, will participate in a fireside chat during the Morgan Stanley TMT Conference, being held at the Palace Hotel in San Francisco, CA. The thirty-minute fireside chat will be on March 6, 2023 at 10:25 am PST/1:25 pm EST. SciPlay encourages participants to pre-register for the audio webcast by using the following link.
businesswire.com
Read More
SciPlay to Report Fourth Quarter 2022 Results on Wednesday, March 1, 2023, and Host an Earnings Conference Call Before Market Open on Thursday, March 2, 2023
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the fourth quarter ended December 31, 2022, on Wednesday, March 1, 2023, after market close. The Company will host an investor audio conference call and simultaneous webcast on Thursday, March 2, 2023, at 8:30 a.m. Eastern Time to discuss the financial results.
businesswire.com
Read More
SciPlay Teams Up With Jerry O’Connell for Quick Hit Slots Ad Campaign
LAS VEGAS--(BUSINESS WIRE)--SciPlay, one of the world’s leading mobile gaming companies, today launched a month-long TV advertising campaign featuring Jerry O’Connell, actor and television host, to promote its popular, free-to-play mobile game Quick Hit Slots. The “Winning Day” campaign featuring O’Connell builds upon the strong momentum of Quick Hit Slots—one of the fastest-growing social casino slot games of 2022. In the “Winning Day” campaign, O’Connell walks through a bright, vibrant Quick Hit Slots-branded “Vegas Strip.” The 15- and 30-second ads highlight how players can experience the fun and excitement of authentic, thrilling Vegas slots right on their phones for free. During the “Winning Day” campaign, new players who download Quick Hit Slots will receive a six-million-coin welcome bonus. “I have dedicated my life’s work to entertainment. This collaboration with SciPlay is a natural extension of my passion for sparking excitement and fun for people everywhere,” O’Connell said. “I thoroughly enjoyed bringing Quick Hit Slots and the Vegas experience to life through these commercials. It has been a real pleasure working with SciPlay and I can’t wait to see how the campaign resonates with their players!” Quick Hit Slots is available on the Apple App Store, Google Play and Amazon App Store. Quick Hit Slots features some of the most popular Vegas slot games including Zeus Slots, Dragon Spin, 777 slots, Monopoly Slots, Fireball Slot Machines, Lock it Link, Cash Spin Slots, Quick Hit Platinum slot machine, and others. “Jerry is a beloved actor, famous among so many for his roles in classic movies like Stand by Me. His fanbase aligns with our players naturally and we’re excited to bring his familiar face and passion for entertainment to our audiences through this ad campaign,” said Noga Halperin, chief revenue officer at SciPlay. “The success of our recent campaigns with Sofía Vergara, the Wendy Williams Show and NASCAR’s Kaulig Racing team have made strategic partnerships a key part of SciPlay’s continued growth. We’re excited to work with Jerry and bring Quick Hit Slots’ Vegas experience to life on TVs throughout America.” SciPlay collaborated with Rain the Growth Agency for the Quick Hit Slots “Winning Day” campaign’s design, production and execution. “Partnering with an industry leader that also values data-driven strategies enabled us to deliver a strong audience-first campaign that will drive app downloads and elevate the SciPlay brand,” said Sue Collins, chief client officer at Rain the Growth Agency. The commercials will air from Jan. 23 through Feb. 12 on national TV including major networks, cable and OTT. For more information about SciPlay, please visit 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 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 SciPlay.com. All ® and © notices signify copyrights owned by and/or marks registered in the United States by SciPlay Games, LLC, LNW Gaming, Inc. or their respective affiliates. © 2023 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements In this press release, SciPlay makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," “may” and "should." 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, uncertainties, and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including SciPlay's current reports on Form 8-K, quarterly reports on Form 10-Q and SciPlay’s most recent annual report on 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 SciPlay's ongoing obligations under the U.S. federal securities laws, SciPlay undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
businesswire.com
Read More
SCIPLAY TAPS RAIN THE GROWTH AGENCY FOR QUICK HIT SLOTS CAMPAIGN FEATURING ACTOR JERRY O'CONNELL
"Winning Day" campaign brings the Vegas casino experience to mobile PORTLAND, Ore. , Jan. 23, 2023 /PRNewswire/ -- Rain the Growth Agency , the leading independent, performance-minded, fully integrated DTC advertising agency, has partnered with SciPlay to launch the gaming leader's new Quick Hit Slots app campaign with actor and television host Jerry O'Connell as spokesperson.
prnewswire.com
Read More
SciPlay Teams Up With Jerry O'Connell for Quick Hit Slots Ad Campaign
LAS VEGAS--( BUSINESS WIRE )--SciPlay, one of the world's leading mobile gaming companies, today launched a month-long TV advertising campaign featuring Jerry O'Connell, actor and television host, to promote its popular, free-to-play mobile game Quick Hit Slots. The “Winning Day” campaign featuring O'Connell builds upon the strong momentum of Quick Hit Slots—one of the fastest-growing social casino slot games of 2022.
businesswire.com
Read More
Sciplay Corporation (SCPL) Q3 2022 Earnings Call Transcript
Sciplay Corporation (NASDAQ:SCPL ) Q3 2022 Earnings Conference Call November 10, 2022 9:00 AM ET Company Participants Robert Weiner - VP, Investor Relations Joshua Wilson - CEO & Director Daniel O'Quinn - Interim CFO, Secretary & Principal Accounting Officer Conference Call Participants Matthew Thornton - Truist Securities Aaron Lee - Macquarie Research Matthew Cost - Morgan Stanley Eric Sheridan - Goldman Sachs Franco Granda - D.A. Davidson & Co. Ryan Sigdahl - Craig-Hallum Operator Good day, and welcome to the SciPlay Third quarter 2022 Earnings Conference Call.
seekingalpha.com
Read More
SciPlay (SCPL) Q3 Earnings Miss Estimates
SciPlay (SCPL) delivered earnings and revenue surprises of -4.76% and 1.95%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
zacks.com
Read More
SciPlay Reports Third Quarter 2022 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Third Quarter 2022 Earnings Release
businesswire.com
Read More
SciPlay Names Jim Bombassei as Chief Financial Officer
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”), one of the world’s leading mobile gaming companies, today announced the appointment of Jim Bombassei as Executive Vice President, Chief Financial Officer and Secretary, effective December 1, 2022. As CFO, Mr. Bombassei will oversee the Company’s financial operations and partner with the leadership team and the business units on strategy and driving growth and value creation. “SciPlay’s objective is to become the number one mobile gaming company in the world, and we are very excited to have Jim on board as we execute on our vision and continue to grow and expand,” said Josh Wilson, CEO, SciPlay. “Jim is an accomplished and strategic financial executive with extensive global experience and a demonstrated track record of success across multiple industries. He brings a broad perspective to SciPlay with his keen understanding of the investment community, capital markets and value creation. As we advance on our strategy, Jim is the right leader for SciPlay’s finance organization.” “I am thrilled to join SciPlay at this pivotal time for the Company,” said Jim Bombassei. “I am confident SciPlay is uniquely positioned to lead the industry and drive competitive differentiation. Drawn by the company’s strong culture of collaboration, innovation, and excellence, I see a compelling opportunity to drive significant growth and shareholder value and I look forward to partnering with Josh and the entire team to unlock SciPlay’s full potential.” Mr. Bombassei has more than 25 years of experience in investor relations and corporate finance roles. He currently serves as Senior Vice President of Investor Relations for Light & Wonder where he leads their global investor relations strategy and communications. Prior to Light & Wonder, Mr. Bombassei held multiple senior positions during his 20+ year tenure at global media and entertainment company Paramount Global, including Senior Vice President, Treasurer & Investor Relations. Mr. Bombassei began his career in Ernst & Young’s Audit practice and is a former CPA in the State of New York. Mr. Bombassei holds an MBA in Finance from New York University and a bachelor’s degree in Business and Economics from Lehigh University. “SciPlay has one of the best executive leadership teams in the business glued by leadership stability and great company culture,” said Josh Wilson. “We extend our gratitude to Daniel O’Quinn for providing SciPlay with his dedication, immeasurable guidance, and strategic contributions during his year as interim CFO. We are happy to announce that Daniel will continue to serve as Interim CFO and Secretary until December and then continue leading our finance and accounting teams as VP, Finance.” For more information about SciPlay, please visit 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 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. (f/k/a Scientific Games Corporation) 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, SG Gaming, Inc., or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements In this press release, SciPlay makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," “may,” “expect” and "should." 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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including SciPlay's current reports on Form 8-K, quarterly reports on Form 10-Q and SciPlay’s most recent annual report on Form 10-K that was filed with the SEC on March 2, 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 SciPlay's ongoing obligations under the U.S. federal securities laws, SciPlay undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
businesswire.com
Read More
SciPlay to Report Third Quarter 2022 Results on Wednesday, November 9, 2022, and Host an Earnings Conference Call Before Market Open on Thursday, November 10, 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the third quarter ended September 30, 2022, on Wednesday, November 9, 2022, after market close.
businesswire.com
Read More
SciPlay Corporation (SCPL) CEO, Joshua Wilson on Q2 2022 Results - Earnings Call Transcript
SciPlay Corporation (NASDAQ:SCPL ) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Company Participants Joshua Wilson - Chief Executive Officer Daniel O'Quinn - Chief Financial Officer (interim) Jim Bombassei - Senior Vice President, Investor Relations Rob Weiner - Vice President, Investor Relations Conference Call Participants Ryan Sigdahl - Craig Hallum Aaron Lee - Macquarie Franco Granda - DA Davidson John - JP Morgan Benjamin Soff - Deutsche Bank Matthew Thornton - Truist Securities Eric Sheridan - Goldman Sachs Operator Good day and welcome to the SciPlay second quarter 2022 earnings conference call. All participants will be in a listen-only mode.
seekingalpha.com
Read More
SciPlay (SCPL) Tops Q2 Earnings Estimates
SciPlay (SCPL) delivered earnings and revenue surprises of 4.55% and 2.15%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
zacks.com
Read More
SciPlay Reports Second Quarter 2022 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Reports Second Quarter 2022 Results
businesswire.com
Read More
SciPlay’s Jackpot Party Launches Summer Ad Campaign with Sofía Vergara
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”), one of the world’s leading gaming companies, has launched a summer-long social media and advertising campaign for the top-ranked casino game Jackpot Party, starring actress and entrepreneur Sofia Vergara. The campaign launched on May 17, 2022, with Extra TV’s release of “behind-the-scenes” footage of Vergara playing Jackpot Party to unwind after a long day of filming. A subsequent ad spot in which Vergara can be seen enjoying the casino experience players receive when they download the game will be running throughout the new season of America’s Got Talent. As part of the campaign, players who download the game within the promotion’s timeframe will also receive automatic entry in a raffle for the chance to win a trip to Hollywood—including prepaid flights and a hotel stay—for ten lucky winners. “Sofía’s natural enthusiasm, combined with her global fan base, make her ideal for this campaign,” said Noga Halperin, Chief Revenue Officer for SciPlay. “With millions of fans and followers, Sofía has the influence to introduce potential players to a game that recreates the Las Vegas gaming experience from anywhere.” Israeli creative agencies, Why Worry and C – Branded Content Company by Publicis, supported the campaign’s production and social promotion. As a result of the campaign, SciPlay intends to attract new players and boost excitement among current fans. The free-to-download game has already gained momentum and Vergara’s support is expected to increase downloads throughout the campaign. “Since its release nearly a decade ago, casino players have gravitated toward Jackpot Party for its free-to-play model and constantly evolving slots and challenges,” said Eitan Davidson, head of marketing innovation for SciPlay. “We’re thrilled to work with Sofía for our first celebrity partnership and bring this beloved game to even more players.” Jackpot Party is ranked among the top casino games on both Google Play and Apple’s App Store, and gives its millions of players access to more than 200 slot games, plus frequent updates. It features several of the most popular slots on the Strip, including Huff N Puff, Monopoly, Flintstones, Heidy’s bier Haus, Planet Moola and Lock it Link Slots. The collaboration with Vergara follows SciPlay’s recent partnership with NASCAR to promote its Gold Fish Casino Slots game, a continuation of the Company’s partnership from 2021. For more information about SciPlay, please visit 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. (f/k/a Scientific Games Corporation) 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, SG Gaming, Inc., or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements In this press release, SciPlay makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," “may,” “expect” and "should." 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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission (the “SEC”), including SciPlay's current reports on Form 8-K, quarterly reports on Form 10-Q and SciPlay’s most recent annual report on Form 10-K that was filed with the SEC on March 2, 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 SciPlay's ongoing obligations under the U.S. federal securities laws, SciPlay undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
businesswire.com
Read More
SciPlay to Report Second Quarter 2022 Results on Tuesday, August 9, 2022, and Host an Earnings Conference Call Before Market Open on Wednesday, August 10, 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the second quarter ended June 30, 2022, on Tuesday, August 9, 2022, after market close. The Company will host an investor conference call and simultaneous webcast on Wednesday, August 10, 2022, at 8:30 a.m. Eastern Time to discuss the financial results. We encourage participants to pre-register for the conference call 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 August 10, 2022 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time Telephone Dial-in US Toll Free: +1 (833) 630-1073 International Toll: +1 (412) 317-1833 Conference ID: SciPlay Call Telephone Replay A telephone replay of the call will be available for one week. US Toll Free: +1 (877) 344-7529 International Toll: +1 (412) 317-0088 Replay Access Code: 2030851 Webcast To access the live webcast of the call, please visit the Company’s Investor News 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®, 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 Scientific Games Corporation, doing business as 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 and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved.
businesswire.com
Read More
Engine Capital Sends Letter to the Board of Directors of SciPlay Regarding Ongoing IP Agreement Negotiations with Light & Wonder
NEW YORK--(BUSINESS WIRE)--Engine Capital LP, which owns 7.4% of SciPlay Corporation’s (Nasdaq: SCPL) (“SciPlay” or the “Company”) Class A common stock, today announced that it has sent the below letter to the independent members of the Company’s Board of Directors. *** June 17, 2022 SciPlay Corporation 6601 Bermuda Road Las Vegas, NV 89119 Attention: Board of Directors Dear Independent Members of the Board: Engine Capital LP (together with its affiliates, “Engine” or “we”) is the second-largest Class A shareholder of SciPlay Corporation (“SciPlay” or the “Company") with an ownership position of 7.4%. We invested in SciPlay due to the attractive category dynamics of social casino games including high player stickiness and long-tenured games, the Company’s ability to grow revenue per paying user and payer conversion, its ability to take share in the higher growth casual segment, and its very attractive valuation. As you know, Light & Wonder, Inc. (“Light & Wonder”), SciPlay’s parent company, IPO’ed a portion of SciPlay in 2019 and continues to own 81% of SciPlay. At the time of going public, SciPlay paid $255 million for a perpetual licensing agreement that entitled the Company exclusive access to all content created at Light & Wonder until the third anniversary of the IP License Agreement and non-exclusive access to all IP created or acquired after the third anniversary (the “New Content”).1 As indicated on its most recent earnings call, SciPlay is currently negotiating an extension of this IP agreement with Light & Wonder. On May 13, 2022, we sent you a private letter expressing our concerns regarding these negotiations. Since then, we have had multiple discussions with management, which have only heightened our initial concern that an extension of this IP is unnecessary. We have repeatedly asked to meet privately with the independent directors to share our views on this topic but were told that such a meeting would be inappropriate, which is why we have been forced to make our concerns public. In summary, we believe that an extension of this IP agreement is of little value to SciPlay and that potential conflicts of interest could lead SciPlay to provide an unnecessary payment to Light & Wonder. Specifically, we are concerned that SciPlay’s management, who is negotiating this agreement with Light & Wonder, is conflicted since its members report to Barry Cottle, the Executive Chairman of SciPlay, who is also the CEO of Light & Wonder. Given the related-party nature of this negotiation and these potential conflicts of interest, we are requesting that the Board form a special committee of independent directors to handle these negotiations and appoint a Lead Independent Director to strengthen the Company’s governance. According to the existing IP Agreement, SciPlay has non-exclusive access to Light & Wonder’s New Content for its existing games only. As a result, the only basis for SciPlay to pay additional money to Light & Wonder to extend the IP agreement would be to secure the following rights: 1) to ensure it is able to use the New Content on an exclusive basis in its existing games, and 2) to be able to use the New Content in new games that were not in existence at the time of the signing of the original IP agreement. Based on our discussions with a number of industry participants, we believe no payment (and certainly no upfront payment) should be made to Light & Wonder because these rights, and therefore an extension of the IP agreement, are of little value to SciPlay for the following reasons: We are also concerned by the process in which the Company has assessed the value of this IP. We understand that a third-party valuation firm is being given projections from management about the additional cash flows resulting from having access to the New Content. We seriously question how management can assess with any precision the incremental free cash flows from having access to unproven content on a purely exclusive basis versus non-exclusive basis or access to this unproven new casino-theme content for a casual game that has yet to be published. Instead of engaging in this theoretical exercise, we believe Light & Wonder and SciPlay should assess the value of this IP (if any exists) by going to the market and testing what an independent third party would be willing to pay for these rights. SciPlay should not have to pay more than what a third party would pay. We suspect that SciPlay and Light & Wonder would find that this content has de minimis value and that no independent third party would be willing to deliver an upfront payment for this unproven content. To protect the value of minority shareholders’ investment in the Company and ensure that Light & Wonder does not unfairly wield its outsized influence over SciPlay in these negotiations, we believe the independent members of the Board must immediately step in. In light of what we believe are shareholders’ valid concerns regarding the Company’s intertwined relationship with Light & Wonder – as evidenced by SciPlay’s low trading multiple – the Board should treat the potential extension of the IP agreement with Light & Wonder with significant caution. In conclusion, we are deeply troubled by these developments and are requesting that 1) any negotiation to extend this IP agreement be made by a newly created special committee of the Board and 2) the Board appoint a Lead Independent Director. We are again requesting a meeting with you as soon as possible to discuss the content of this letter. We have given a lot of thought to this topic and believe we can be helpful to the independent directors. We are reserving all of our rights under Nevada law and otherwise to take whatever actions we may deem necessary in order to protect our interests and the best interests of all SciPlay shareholders from any activities that involve the waste of corporate assets and/or unjustified related-party transactions. Very truly yours, Arnaud Ajdler Brad Favreau Managing Partner Partner *** About Engine Capital Engine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change. 1 This applies only to existing games at the time of the signing of the initial IP agreement.
businesswire.com
Read More
SciPlay Chief Executive Officer Josh Wilson to Participate in The 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today that Josh Wilson, its Chief Executive Officer, is scheduled to participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference in Boston, Massachusetts on Wednesday, May 25 at approximately 10:00 a.m. ET. To listen to the live webcast, please visit https://investors.sciplay.com/news-and-events/events-and-presentations. A replay of the webcast will be available at the same location following the conference. 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. 3D™ 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. (formerly known as Scientific Games Corporation), and its Subsidiaries. For more information, please visit SciPlay.com. All ® notices signify marks registered in the United States by SciPlay Games, LLC, SG Gaming, Inc. or their affiliates. © 2022 SciPlay Corporation. All Rights Reserved.
businesswire.com
Read More
SciPlay Corporation's (SCPL) CEO Josh Wilson on Q1 2022 Results - Earnings Call Transcript
SciPlay Corporation (NASDAQ:SCPL ) Q1 2022 Earnings Conference Call May 10, 2022 5:30 PM ET Company Participants Jim Bombassei – Investor Relations Josh Wilson – Chief Executive Officer Daniel O'Quinn – Interim Chief Financial Officer Conference Call Participants Ryan Sigdahl – Craig-Hallum David Karnovsky – JPMorgan Eric Sheridan – Goldman Sachs Aaron Lee – Macquarie Franco Granda – D.A. Davidson Matthew Thornton – Truist Securities Operator Hello and welcome to SciPlay First Quarter 2022 Conference Call.
seekingalpha.com
Read More
SciPlay Reports First Quarter 2022 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the first quarter ended March 31, 2022. Josh Wilson, Chief Executive Officer of SciPlay, said, "We are successfully executing on the plan we had laid out, reporting another exceedingly strong quarter. We are benefiting from our ongoing investments in key areas and enjoying strong momentum across our growing businesses. Alictus' integration is proceeding very well with the team
businesswire.com
Read More
SciPlay Board Elects Three New Directors
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay”), a leading developer and publisher of digital games on mobile and web platforms, today announced the appointment of April Henry, Charles “CJ” Prober and Constance “Connie” P. James to its Board of Directors, effective May 1, 2022. In connection with these appointments, the Board increased its size from eight to nine directors. The new directors bring decades of relevant experience across the technology, gaming and digita
businesswire.com
Read More
SciPlay to Report First Quarter 2022 Results on Tuesday, May 10, 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the first quarter March 31, 2022 on Tuesday, May 10, 2022, after market close. The Company will host an investor conference call and simultaneous webcast the same day at 5:30 p.m. Eastern Time to discuss the update and results. We encourage participants to pre-register for the conference call 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, 2022 5:30 p.m. Eastern Time / 2:30 p.m. Pacific Time Telephone Dial-in US Toll Free: +1 (877) 825-6464 International Toll: +1 (636) 692-6519 Conference ID: SciPlay 5945819 Telephone Replay A telephone replay of the call will be available for one week. US Toll Free: +1 (855) 859-2056 International Toll: +1 (404) 537-3406 Replay Access Code: 5945819 Webcast To access the live webcast of the call, please visit the Company’s Investor News 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®, 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 Scientific Games Corporation, doing business as 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 and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved.
businesswire.com
Read More
SciPlay: Cards Are Improving
SciPlay ended 2021 on a solid note and announced an interesting deal early in the year. A robust balance sheet and solid outlook inspired some confidence.
seekingalpha.com
Read More
SciPlay Appoints Nick Earl as Independent Director
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay”), a leading developer and publisher of digital games on mobile and web platforms, today announced the appointment of Nick Earl to its Board of Directors (the “Board”), effective April 15, 2022. The addition of Mr. Earl brings the SciPlay Board to six members. Mr. Earl brings more than two decades of gaming industry leadership experience, including substantial experience in casual gaming and building great games and franchises. He most recently served as Chief Executive Officer and Director of Glu Mobile Inc., the developer of successful mobile games such as Design Home and Kim Kardashian: Hollywood. Mr. Earl previously served as Senior Vice President of EA Mobile, where he oversaw the release of multiple leading mobile titles such as The Simpsons: Tapped Out. “Nick is a gaming industry veteran, and we are thrilled to welcome him to the SciPlay Board,” said Barry Cottle, Executive Chairman of the Board. “Nick’s appointment reflects our commitment to refreshing the SciPlay Board with new, independent members that add skills and experience relevant to SciPlay’s strategy to build and operate the top mobile games in the world.” “Nick has spent decades building global gaming organizations and leading the development of high-growth mobile and social games,” said Josh Wilson, Chief Executive Officer of SciPlay. “We look forward to benefitting from his insights and expertise as SciPlay advances its strategy to expand into the casual market and become a leading diversified global game developer to enhance value for all shareholders.” About Nick Earl Mr. Earl currently serves as a Senior Advisor to AviaGames, a global leader in mobile, social competitive gaming. Previously, Mr. Earl served as President, Chief Executive Officer and Director of Glu Mobile, Inc., a leading global developer and publisher of mobile games, from 2016 to 2021. Prior, he served as Glu Mobile’s President of Global Studios from 2015 to 2016. Before joining Glu Mobile, Mr. Earl served as President of Worldwide Studios at Kabam, Inc., a world leader in massively multiplayer free-to-play games for mobile devices. Previously, Mr. Earl spent over a decade with Electronic Arts Inc., where he served in several management positions including as Senior Vice President & General Manager of EA Mobile. Earlier in his career, Mr. Earl served as VP Product Development at Eidos Interactive. 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, Hot Shot Casino® and Quick Hit® Slots, MONOPOLY Slots, and 88 Fortunes® Slots and casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live. 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 Scientific Games Corporation 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 and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved. Forward-Looking Statements In this press release, SciPlay makes “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "will," “may” and "should." 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, uncertainties and other factors, including those factors described in our filings with the Securities and Exchange Commission, including SciPlay's current reports on Form 8-K, quarterly reports on Form 10-Q and SciPlay’s most recent annual report on 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 SciPlay's ongoing obligations under the U.S. federal securities laws, SciPlay undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
businesswire.com
Read More
SciPlay Chief Executive Officer Josh Wilson to Participate at the 30th Annual Deutsche Bank Media, Internet and Telecom Conference on March 14, 2022
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today that Josh Wilson, its Chief Executive Officer, is scheduled to participate at the Deutsche Bank 30th Annual Media, Internet and Telecom Conference in Palm Beach, Florida, on Monday, March 14, at approximately 11:05 a.m. ET. To listen to the live webcast, please visit https://investors.sciplay.com/news-and-events/events-and-presentations. A replay of the webcast will be available at the same location following the conference. 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, Hot Shot Casino® and Quick Hit® Slots, MONOPOLY Slots, and 88 Fortunes® Slots and casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live. 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 Scientific Games Corporation 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 and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved.
businesswire.com
Read More
SciPlay Corporation (SCPL) CEO Josh Wilson on Q4 2021 Results - Earnings Call Transcript
SciPlay Corporation (SCPL) CEO Josh Wilson on Q4 2021 Results - Earnings Call Transcript
seekingalpha.com
Read More
SciPlay Reports Fourth Quarter and Full Year 2021 Results
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the fourth quarter and year ended December 31, 2021. Josh Wilson, Chief Executive Officer of SciPlay, said, “We are decisively executing on our strategy to become a diversified global mobile game developer. Our investments in strategic initiatives were significant contributors to our strong performance in the quarter and we expect to continue to benefit from these growth initiatives over the coming years. Our core business is performing exceptionally well, as evidenced by record engagement and monetization metrics. Strategic initiatives such as Project All-Star have allowed us to further improve the player experience. We are rapidly expanding in casual, organically and through acquisitions. Alictus, a proven, fast growing hyper-casual game developer with a deep pipeline, allows us to further scale in casual and enter the $13 billion global mobile in-game advertising market. We are wrapping up 2021 on a strong note and are excited about what lies ahead." Daniel O'Quinn, Interim Chief Financial Officer of SciPlay, added, "We are very proud of our game teams for delivering record revenue of $606 million in 2021 and our second highest quarterly revenue in the fourth quarter. Our strategic initiatives contributed to record engagement and monetization metrics in the quarter. Our ARPDAU and Payer Conversion metrics set new records of $0.74 and 8.9%, respectively. Our business remains highly cash generative, and our balance sheet is strong. As we continue to invest in our business, we will remain highly disciplined and focused on driving profitable growth and enhancing shareholder value." SUMMARY RESULTS Three Months Ended Year Ended ($ in millions) December 31, December 31, 2021 2020 2021 2020 Revenue $ 154.4 $ 147.1 $ 606.1 $ 582.2 Net income 12.2 31.0 125.0 146.0 Net income margin 7.9 % 21.1 % 20.6 % 25.1 % Net cash provided by operating activities 37.5 61.5 163.8 193.4 Capital expenditures 1.1 2.1 9.1 7.1 Non-GAAP Financial Measures (1) Adjusted EBITDA (“AEBITDA”) $ 47.4 $ 45.0 $ 185.9 $ 188.7 AEBITDA margin 30.7 % 30.6 % 30.7 % 32.4 % Balance Sheet Measures As of December 31, 2021 As of December 31, 2020 Cash and cash equivalents $ 364.4 $ 268.9 Available liquidity(2) 514.4 418.9 (1) The financial measures “AEBITDA” and “AEBITDA margin” are non-GAAP financial measures defined below under “Non-GAAP Financial Measures” and 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 ARPDAU, AMRPPU, and percentages) Three Months Ended Year Ended December 31, Increase / December 31, Increase / 2021 2020 (Decrease) 2021 2020 (Decrease) Mobile Penetration 89% 87% 2.0pp 89% 87% 2.0pp Average Monthly Active Users 5.9 6.9 (1.0) 6.2 7.4 (1.2) Average Daily Active Users 2.3 2.5 (0.2) 2.3 2.7 (0.4) ARPDAU $0.74 $0.63 $0.11 $0.71 $0.60 $0.11 Average Monthly Paying Users 0.5 0.5 — 0.5 0.5 — AMRPPU $98.38 $91.40 $6.98 $95.26 $92.75 $2.51 Payer Conversion Rate 8.9% 7.8% 1.1pp 8.5% 7.1% 1.4pp Fourth Quarter 2021 Financial Highlights Fourth quarter revenue was $154.4 million, an increase of 5.0% over the prior year period. Mobile revenue grew 7.2% over the prior year period to $137.8 million. Revenue growth in the quarter was due to strong game performance with Gold Fish® Casino achieving its 5th consecutive quarterly record revenue, the relaunch of Quick Hit® Slots driving 17% growth versus the prior year and 14% sequential growth, while Jackpot Party® Casino generated its second highest quarterly revenue ever. Net income was $12.2 million compared to $31.0 million in the prior year period, primarily driven by a charge of $24.5 million related to a settlement agreement for a putative class-action lawsuit in the State of Washington and higher expenses related to the Scientific Games merger proposal. Net income margin was 7.9% for the quarter, a decrease of 13.2 percentage points from the prior year period. AEBITDA, a non-GAAP financial measure defined below, was $47.4 million compared to $45.0 million in the prior year period, an increase of 5.3%. Higher revenue performance was offset by an increase in general and administrative and R&D expenses as the Company continued to invest in talent to support its growth initiatives. Sales and marketing expense continued to decline as a percentage of revenue. AEBITDA margin, a non-GAAP financial measure defined below, was 30.7%, an increase of 10 bps from the prior year period. Net cash provided by operating activities was $37.5 million, a $24.0 million decrease from the prior year due to an unfavorable working capital change primarily associated with the timing of platform collections. Cash and cash equivalents increased $33.6 million to $364.4 million from the third quarter 2021. Total available liquidity, which includes our undrawn revolver, was $514.4 million at year-end 2021. Fourth Quarter Key Performance Highlights Payer Conversion Rate reached an all-time high of 8.9% validating our strategy as we leveraged our live services capabilities to enhance game play and engagement, driving increased monetization. Average Monthly Revenue Per Paying User (AMRPPU) increased $6.98 to $98.38 over the prior year quarter. Average Revenue Per Daily Active User (ARPDAU) grew 17.5% from the prior year quarter to $0.74. Full Year 2021 Financial Highlights Revenue grew 4.1% to $606.1 million, compared to prior year revenue of $582.2 million. This was due to increased player engagement driving improved monetization as key strategic initiatives drove strong game performance. Net income decreased $21.0 million to $125.0 million as compared to $146.0 million in prior year primarily due to a charge of $24.5 million related to the State of Washington settlement agreement and higher expenses related to the Scientific Games merger proposal. Net income margin of 20.6% was down from 25.1% in the prior year. AEBITDA, a non-GAAP financial measure defined below, was $185.9 million as compared to $188.7 million in the prior year, a decrease of 1.5%, due to higher operating expenses offset by a record revenue for full-year 2021. During the year, we added talent to our game and marketing teams to support our growth initiatives. AEBITDA margin, a non-GAAP financial measure defined below, was 30.7%, a decrease of 170 bps. Net cash provided by operating activities was $163.8 million, a decline of 15.3% year-over-year, reflecting strong results offset by timing of payables. Cash and cash equivalents increased by $95.5 million to $364.4 million as of year-end 2021. Full Year 2021 Key Performance Highlights Payer Conversion Rate grew 140 bps to 8.5% validating our strategy of continuing to focus on live operations to enhance game play and engagement, driving increased monetization. AMRPPU increased $2.51 to $95.26 over the comparable year. ARPDAU grew 18.3% from the prior year period to $0.71. Mobile Penetration increased 200 bps from the prior year to 89%. Earnings Conference Call As previously announced, SciPlay executive leadership will host a conference call on Wednesday, March 2, 2022, at 8:30 a.m. EST to review the Company’s fourth quarter and full year results. 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 under the Investor Information section. To access the call by telephone, please dial: +1 (877) 825-6464 (U.S.) or +1 (636) 692-6519 (International) and reference Conference ID: SciPlay 6186296. A replay of the webcast will be archived in the Investors section on 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, Hot Shot Casino® and Quick Hit® Slots, MONOPOLY Slots, and 88 Fortunes® Slots and casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live. 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 Scientific Games Corporation and its Subsidiaries. For more information, please visit www.sciplay.com. All ® and © notices signify copyrights owned by and/or marks registered in the United States by SciPlay Games, LLC and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved. You can access our filings with the SEC through the SEC website at www.sec.gov or through our website, and we strongly encourage you to do so. We routinely post information that may be important to investors on our website at 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. © 2022 SciPlay Corporation. All Rights Reserved. SCIPLAY CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited, in millions, except per share amounts) Three Months Ended Year Ended December 31, December 31, 2021 2020 2021 2020 Revenue $ 154.4 $ 147.1 $ 606.1 $ 582.2 Operating expenses: Cost of revenue(1) 48.7 46.8 190.0 185.3 Sales and marketing(1) 33.6 33.7 135.3 130.7 General and administrative(1) 15.6 19.5 62.4 66.2 Research and development(1) 10.9 9.0 39.7 33.3 Depreciation and amortization 4.2 2.8 15.5 9.7 Restructuring and other(2) 28.4 0.3 31.5 2.0 Total operating expenses 141.4 112.1 474.4 427.2 Operating income 13.0 35.0 131.7 155.0 Other (expense) income: Other (expense) income, net (0.6 ) (1.5 ) (1.0 ) (0.6 ) Total other (expense) income, net (0.6 ) (1.5 ) (1.0 ) (0.6 ) Net income before income taxes 12.4 33.5 130.7 154.4 Income tax expense 0.2 2.5 5.7 8.4 Net income 12.2 31.0 125.0 146.0 Less: Net income attributable to the noncontrolling interest 10.0 26.6 105.7 125.1 Net income attributable to SciPlay $ 2.2 $ 4.4 $ 19.3 $ 20.9 Basic and diluted net income attributable to SciPlay per share(3): Basic $ 0.09 $ 0.19 $ 0.80 $ 0.92 Diluted $ 0.09 $ 0.18 $ 0.77 $ 0.86 Weighted average number of shares of Class A common stock used in per share calculation: Basic shares 24.5 22.9 24.2 22.8 Diluted shares 24.8 24.8 25.0 24.4 (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, 2021 2020 ASSETS Cash and cash equivalents $ 364.4 $ 268.9 Accounts receivable, net (allowance for doubtful accounts of $—) 39.6 36.6 Prepaid expenses and other current assets 6.4 5.9 Total current assets 410.4 311.4 Property and equipment, net 3.5 4.4 Operating lease right-of-use assets 6.8 8.5 Goodwill 131.1 129.8 Intangible assets and software, net 49.6 30.3 Deferred income taxes 78.5 82.5 Other assets 1.7 1.9 Total assets $ 681.6 $ 568.8 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable $ 20.0 $ 23.2 Accrued liabilities 50.2 22.9 Due to affiliate 1.6 5.5 Total current liabilities 71.8 51.6 Operating lease liabilities 5.4 7.5 Liabilities under TRA 64.7 68.5 Other long-term liabilities 14.7 5.7 Total liabilities 156.6 133.3 Total stockholders’ equity(1) 525.0 435.5 Total liabilities and stockholders’ equity $ 681.6 $ 568.8 (1) Includes $426.4 million and $355.5 million in Noncontrolling interest as of December 31, 2021 and December 31, 2020, respectively. SCIPLAY CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, in millions) Three Months Ended Years Ended December 31, December 31, 2021 2020 2021 2020 Net cash provided by operating activities 37.5 61.5 $ 163.8 $ 193.4 Net cash used in investing activities (1.1 ) (2.1 ) (14.8 ) (19.7 ) Net cash used in financing activities (2.9 ) (1.4 ) (53.6 ) (16.0 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.1 0.6 0.1 0.6 Increase in cash, cash equivalents and restricted cash 33.6 58.6 95.5 158.3 Cash, cash equivalents and restricted cash, beginning of period 330.8 210.3 268.9 110.6 Cash, cash equivalents and restricted cash, end of period $ 364.4 $ 268.9 $ 364.4 $ 268.9 Supplemental cash flow information: Cash paid for income taxes $ 0.3 $ 0.5 $ 4.8 $ 2.0 Cash paid for contingent consideration included in operating activities — — — 4.0 Non-cash investing and financing transactions: Non-Cash additions to intangible assets related to license agreements — 0.7 14.1 1.8 SCIPLAY CORPORATION RECONCILIATION OF NET INCOME ATTRIBUTABLE TO SCIPLAY TO AEBITDA (Unaudited, in millions) Three Months Ended Year Ended December 31, December 31, 2021 2020 2021 2020 Net income attributable to SciPlay $ 2.2 $ 4.4 $ 19.3 $ 20.9 Net income attributable to noncontrolling interest 10.0 26.6 105.7 125.1 Net income 12.2 31.0 125.0 146.0 Restructuring and other(1) 28.4 0.3 31.5 2.0 Depreciation and amortization 4.2 2.8 15.5 9.7 Income tax expense 0.2 2.5 5.7 8.4 Stock-based compensation 1.8 6.9 7.2 22.0 Other expense, net 0.6 1.5 1.0 0.6 AEBITDA $ 47.4 $ 45.0 $ 185.9 $ 188.7 Revenue $ 154.4 $ 147.1 $ 606.1 $ 582.2 Net income margin (Net income/Revenue) 7.9 % 21.1 % 20.6 % 25.1 % AEBITDA margin (AEBITDA/Revenue) 30.7 % 30.6 % 30.7 % 32.4 % (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, 2021 2020 2021 2020 Net income margin (Net income/Revenue) 7.9% 21.1% 20.6% 25.1% Restructuring and other 18.4% 0.2% 5.2% 0.3% Depreciation and amortization 2.7% 1.9% 2.6% 1.7% Income tax expense 0.1% 1.7% 0.9% 1.4% Stock-based compensation 1.2% 4.8% 1.2% 3.7% Other expense, net 0.4% 0.9% 0.2% 0.2% AEBITDA margin (AEBITDA/Revenue) 30.7% 30.6% 30.7% 32.4% 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 continuing impact of the COVID-19 pandemic and any resulting social, political, economic and financial complications; Scientific Games’ announced decision to withdraw its offer to acquire our public shares not already owned by Scientific Games may subject us to risks and uncertainties; 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 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 LIBOR, 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; our ability to use the intellectual property rights of our parent, Scientific Games Corporation, and other third parties, including the third-party intellectual property rights licensed to Scientific Games Corporation, under our intellectual property license agreement (“IP 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, Scientific Games Corporation, 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 relating 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; 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 (“SciPlay Parent 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; our dependence on certain key providers; and U.S. and international economic and industry conditions. 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 and quarterly reports on Form 10-Q. Additional information will also be set forth in our annual report on Form 10-K for the year ended December 31, 2021 (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 2021 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; (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.
businesswire.com
Read More
SciPlay Continues Expansion into Fast Growing Casual Market with Acquisition of Alictus, A Leading Turkey-Based Developer of Hit Mobile Games
LAS VEGAS--(BUSINESS WIRE)--SciPlay acquisition of Alictus
businesswire.com
Read More
Why SciPlay (SCPL) Might Surprise This Earnings Season
SciPlay (SCPL)is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
zacks.com
Read More
3 Gaming Stocks Set to Beat Earnings Estimate in Q4
The casino industry continues to benefit from strong demand for sports betting and iGaming, high consumer spending and stronger visitation from the younger demographic.
zacks.com
Read More
SciPlay Is Considerably Cheap And Holds Tons Of Cash In Hand
SciPlay Is Considerably Cheap And Holds Tons Of Cash In Hand
seekingalpha.com
Read More
SciPlay: Cards Are Not Dealt Right
SciPlay has seen a tough time since it has been spun off from its parent company in 2019.
seekingalpha.com
Read More
SciPlay to Report Fourth Quarter and Full Year 2021 Results on Tuesday, March 1, 2022 and Host an Earnings Conference Call Before Market Open on Wednesday, March 2, 2002
LAS VEGAS--(BUSINESS WIRE)--SciPlay Corporation (NASDAQ: SCPL) (the “Company”) announced today it will release its financial results for the fourth quarter and full year ended December 31, 2021 on Tuesday, March 1, 2022, after market close. The Company will host an investor conference call and simultaneous webcast to discuss these results on March 2, 2002 at 8:30 a.m. Eastern Time. We encourage participants to pre-register for the conference call 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 March 2, 2022 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time Telephone Dial-in US Toll Free: +1 (877) 825-6464 International Toll: +1 (636) 692-6519 Conference ID: SciPlay 6186296 Telephone Replay A telephone replay of the call will be available for one week. US Toll Free: +1 (855) 859-2056 International Toll: +1 (404) 537-3406 Replay Access Code: 6186296 Webcast: To access the live webcast of the call, please visit the Company’s Investor News 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, Hot Shot Casino® and Quick Hit® Slots, MONOPOLY Slots, and 88 Fortunes® Slots and casual games Bingo Showdown®, Solitaire Pets™ Adventure, and Backgammon Live. 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 Scientific Games Corporation 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 and/or SG Gaming, Inc., and or their respective affiliates. © 2022 SciPlay Corporation. All Rights Reserved.
businesswire.com
Read More
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors SciPlay Corporation - SCPL
NEW YORK, Jan. 6, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SciPlay Corporation ("SciPlay" or the "Company") (NASDAQ: SCPL). Such investors are advised to contact Robert S.
prnewswire.com
Read More
Why Scientific Games Is Soaring and SciPlay Is Tumbling Today
The online gaming companies just couldn't see eye-to-eye.
fool.com
Read More
Why Are SciPlay Shares Trading Lower Premarket?
SciPlay Corp (NASDAQ: SCPL), the maker of mobile and web games, plunged 21% in extended trading, Bloomberg reports The plunge follows SciPlay's ditching plans to sell to majority owner Scientific Games Corp (NASDAQ: SGMS).
benzinga.com
Read More
SciPlay Independent Special Committee Announces Inability to Reach Agreement with Scientific Games Regarding Scientific Games' Proposal to Minority Shareholders
LAS VEGAS, Dec. 22, 2021 /PRNewswire/ -- A special committee of independent directors (the "Special Committee") of SciPlay Corporation (NASDAQ: SCPL) ("SciPlay"), a leading developer and publisher of digital games on mobile and web platforms, today announced that discussions between the Special Committee and Scientific Games Corporation (NASDAQ: SGMS) ("Scientific Games") regarding Scientific Games' proposal to acquire the outstanding publicly traded shares of SciPlay have terminated. In July of 2021, Scientific Games made a proposal to acquire the 19% equity interest in SciPlay it does not currently own at a price of 0.250 shares of Scientific Games for each share of SciPlay.
prnewswire.com
Read More
SciPlay (SCPL) Misses Q3 Earnings and Revenue Estimates
SciPlay (SCPL) delivered earnings and revenue surprises of -4.00% and -5.47%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
zacks.com
Read More
SciPlay Reports Third Quarter 2021 Results
LAS VEGAS, Nov. 9, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company") today reported results for the third quarter ended September 30, 2021. Josh Wilson , Chief Executive Officer of SciPlay, said, "Our team executed a number of operational achievements in the quarter, continuing the strong momentum across key areas of the business.
prnewswire.com
Read More
SciPlay (SCPL) Reports Next Week: Wall Street Expects Earnings Growth
SciPlay (SCPL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
Read More
SciPlay - An Epic Opportunity
SciPlay Corporation is a developer and publisher of digital games on mobile and web platforms, currently focusing on social casino games. Epic Games vs. Apple positions the company to attain higher gross margins by eliminating digital commissions.
seekingalpha.com
Read More
SciPlay to Report Third Quarter 2021 Results on Tuesday, November 9, 2021
LAS VEGAS, Oct. 19, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) (the "Company") announced today it will release results for its third quarter ended September 30, 2021 on Tuesday, November 9, 2021, after market close via press release. About SciPlay SciPlay Corporation (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms.
prnewswire.com
Read More
SciPlay Announces Formation of Special Committee and Appointment of Advisors
LAS VEGAS, Aug. 10, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company"), a leading developer and publisher of digital games on mobile and web platforms, today announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") consisting of Mr. William Thompson, Mr.
prnewswire.com
Read More
SciPlay (SCPL) Lags Q2 Earnings Estimates
SciPlay (SCPL) delivered earnings and revenue surprises of -4.00% and 0.49%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
zacks.com
Read More
SciPlay: Q2 Earnings Insights
Shares of SciPlay (NASDAQ:SCPL) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share fell 11.11% over the past year to $0.24, which beat the estimate of $0.23.
benzinga.com
Read More
SciPlay Reports Second Quarter 2021 Results
LAS VEGAS, Aug. 9, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company") today reported results for the second quarter ended June 30, 2021. Josh Wilson , Chief Executive Officer of SciPlay, said, "Our teams continued the strong momentum from the first quarter delivering sequential growth on the top and bottom lines.
prnewswire.com
Read More
SciPlay to Report Second Quarter 2021 Results on Monday, August 9, 2021
LAS VEGAS, July 27, 2021 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) (the "Company") announced today it will release results for its second quarter ended June 30, 2021 on Monday, August 9, 2021, before the market open. About SciPlay SciPlay (NASDAQ: SCPL) is a leading developer and publisher of digital games on mobile and web platforms.
prnewswire.com
Read More
Apple, Array Tech, Vertex Pharma and More Tuesday Afternoon Analyst Calls
With the trading day more than halfway over, the broad markets were rallying after the carnage on Monday.
247wallst.com
Read More
2 Reasons to Buy SciPlay Stock
This under-the-radar gaming company looks poised for explosive long-term growth.
fool.com
Read More
SciPlay (SCPL) Moves 10.6% Higher: Will This Strength Last?
SciPlay (SCPL) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
zacks.com
Read More