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SciPlay Corporation - SCPL STOCK NEWS

Welcome to our dedicated page for SciPlay Corporation news (Ticker: SCPL), a resource for investors and traders seeking the latest updates and insights on SciPlay Corporation stock.

SciPlay Corporation (SCPL) is a renowned developer and publisher of digital games designed for mobile and web platforms on a global scale. Based out of Las Vegas, Nevada, the company has established itself as a significant player in the digital gaming industry. Originally founded in 1997 and previously known as SG Social Games Corporation, SciPlay adopted its current name in March 2019. It operates as a subsidiary of Scientific Games Corporation.

The company offers a diverse portfolio of seven engaging games, which include both social casino games and casual games. SciPlay’s social casino games are highly popular and feature titles such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots. These games provide a slots-style gameplay experience along with table games-style gameplay, catering to a wide array of player preferences.

In addition to social casino games, SciPlay also develops entertaining casual games. Notable titles in this category include Monopoly Slots, Bingo Showdown, and 88 Fortunes Slots. These casual games blend slots-style or bingo gameplay with adventure game features, offering a unique and exciting experience for players.

SciPlay Corporation continues to achieve significant milestones and maintain a strong financial standing. The company’s commitment to innovation and quality is reflected in its ongoing projects and strategic partnerships. By consistently delivering captivating gaming experiences, SciPlay has secured a loyal user base and continues to expand its influence in the digital gaming market.

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SciPlay achieved record revenue with 19% YoY growth and strong operating cash flows of $60 million. Continued market leading growth in the social casino market. Net income and AEBITDA outpaced revenue growth with 28% and 45% YoY growth respectively. Cash and cash equivalents increased by $64.8 million to $394.9 million. Light & Wonder to acquire remaining equity interest in SciPlay. AMRPPU reached a new record high of $102.04. ARPDAU increased by 26% to a record $0.93. Payer conversion rate increased by 1.1pp to 10.5%.
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Light & Wonder, Inc. will acquire the remaining equity interest in SciPlay Corporation in an all-cash transaction. The transaction has been approved by the Board of Directors of Light & Wonder and the Special Committee of SciPlay. The companies expect the transaction to close in the fourth quarter of 2023.
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SciPlay Corporation (NASDAQ: SCPL) will release its financial results for Q2 2023 on August 8, 2023. An investor conference call and webcast will be held at 5:30 p.m. Eastern Time.
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SciPlay Corporation (NASDAQ: SCPL) is set to announce its financial results for the first quarter of 2023, concluding on March 31, 2023, on May 9, 2023, after market close. An investor conference call will take place on May 10, 2023, at 8:30 a.m. Eastern Time. The call will provide insights into the company's financial performance and future outlook. Participants can pre-register for the call to receive an immediate access passcode. The company specializes in developing and publishing digital games, including popular titles like Jackpot Party® Casino and Gold Fish® Casino, available on various platforms.

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SciPlay Corporation (NASDAQ: SCPL) reported strong financial results for Q4 and the full year 2022, with revenue growth of 18% to a record $182.1 million for the quarter and 11% for the year, totaling $671.0 million. The company achieved a net income of $52.8 million in Q4 and $150.8 million for the year, marking an increase of 21%. Key performance indicators include a payer conversion rate of 10.4%, an 18% year-over-year increase in ARPDAU, and significant liquidity of $480.1 million. Despite a decline in net cash provided by operating activities, SciPlay remains committed to long-term growth investments and returning capital to shareholders.

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SciPlay Corporation (NASDAQ: SCPL) announced that CEO Josh Wilson will participate in a fireside chat at the Morgan Stanley TMT Conference on March 6, 2023, at 10:25 AM PST / 1:25 PM EST in San Francisco, CA. Attendees are encouraged to pre-register for the audio webcast, which can be accessed through the Company’s Investor News and Events section. A replay will be available shortly after the event and archived for six months. SciPlay is recognized for its digital games, including popular titles like Jackpot Party Casino and Gold Fish Casino, available across various platforms.

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FAQ

What is the market cap of SciPlay Corporation (SCPL)?

The market cap of SciPlay Corporation (SCPL) is approximately 495.5M.

What does SciPlay Corporation do?

SciPlay Corporation develops and publishes digital games for mobile and web platforms worldwide.

What types of games does SciPlay offer?

SciPlay offers social casino games and casual games, including popular titles like Jackpot Party Casino, Monopoly Slots, and Bingo Showdown.

Where is SciPlay Corporation based?

SciPlay Corporation is based in Las Vegas, Nevada.

When was SciPlay Corporation founded?

SciPlay Corporation was founded in 1997.

What was SciPlay Corporation's former name?

The company was formerly known as SG Social Games Corporation.

Who is the parent company of SciPlay Corporation?

SciPlay Corporation is a subsidiary of Scientific Games Corporation.

What are some examples of SciPlay's social casino games?

Examples include Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots.

What are some examples of SciPlay's casual games?

Examples include Monopoly Slots, Bingo Showdown, and 88 Fortunes Slots.

When did SciPlay Corporation change its name?

The company changed its name to SciPlay Corporation in March 2019.

What makes SciPlay's casual games unique?

SciPlay's casual games combine slots-style or bingo gameplay with adventure game features, providing a unique and exciting player experience.

SciPlay Corporation

Nasdaq:SCPL

SCPL Rankings

SCPL Stock Data

495.49M
21.09M
2.16%
91.83%
2.06%
Electronic Gaming & Multimedia
Communication Services
Link
United States
Las Vegas