SciPlay has reported revenue of $160
SciPlay has reported revenue of $160.1m for the s quarter of 2022, a 4% increase from the prior-year period.
Net income for the point was $32.3m, compared to $37.9m inward the prior-year period, which SciPlay noted was due to an growth inwards operating expenses. AEBITDA was $41.1m, compared to $47.9m inwards the prior-year period, spell network cash in provided past operating activities was $37.6m, an $11.1m drop-off from the prior-year period.
“We are pleased with the advance we made and the continued impulse we are seeing inwards our business,” said SciPlay CEO Josh Wilson. “Our teams hold been laser-focused on executing the strategy we set come out during our investor day, and capitalising on the opportunities we check ahead.
“We grew market place divvy up inward the quarter, in one case once again outperforming the social cassino market. Our magnetic core concern remains salubrious regular inwards a seasonally soft quarter, and we carry on to progression on the integration of Alictus with the studio launching a list of young games in the quarter.”
SciPlay noted several highlights within the quarter, including Quick Hit Slots achieving s sequentially register revenue, roving insight increasing II percent points from the prior-year full stop to 90%, and average out Monthly Paying Users (MPU) increasing to 0.6 billion compared to 0.5 jillion inwards the prior-year period.
SciPlay Interim CFO Book of Daniel O’Quinn commented: “This was another solid billet with SciPlay delivering year-over-year and sequential revenue growth. We are seeing our investments inwards our maturation initiatives paying cancelled as we bear on to drive home warm interlocking and monetisation metrics.
“Our extremely hard currency productive business, coupled with a real warm equipoise sheet, allowed us to put in our futurity piece at the same time takings uppercase to shareholders.”
SciPlay shares are currently down feather 0.48% today to $12.37.
Earlier today, Light & Wonder reported revenue of $610m for the indorse quarter of 2022, a 5% growth from the prior-year period.