SciPlay ends second quarter with $189.9m in revenue

August 9, 2023
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The company has posted record quarterly revenues for the past four periods.

SciPlay Corporation has posted its financial results for the second quarter ending June 30. The company reported that its revenue reached an all-time high for the fourth consecutive quarter and that it has remained a leader in the social casino market for the past six quarters.

Light & Wonder has since confirmed the full re-acquisition of SciPlay.

CEO Josh Wilson said, "SciPlay has consistently grown our business and led the social casino market in performance over the past six consecutive quarters.

“Our strong and consistent growth reflects the delivery of great gaming and entertainment experiences to our players, and the unrivaled execution of our team.”

Company revenue grew 19% year-over-year to reach $189.9m. Net income for the quarter increased by nearly $10m when compared to last year’s corresponding quarter and reached $41.4m. SciPlay ended the second quarter with a net income margin of 21.8%.

Adjusted EBITDA during Q2 rose to $59.4m compared to $41.1m this time last year. The company’s adjusted EBITDA margin reached 31.3% for Q2.

Wilson attributed the quarter’s results to a “player-first” philosophy and said the company is committed to continuing a player-centric focus.

He commented, "SciPlay is a player-first focused company, aligning all of our activities toward providing players with the most engaging and highly entertaining content. As a result, during the quarter we increased our base of payers while growing our monetization per player.

“We are investing in our business, people, technology and scalability tools to best fulfill this focus, and our stockholders are seeing the results of our investments and our team's determination. We remain focused on executing on our strategy and driving sustainable revenue and profitability growth.”


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