SciPlay Corporation (SCPL) Misses Q4 EPS by 3c, Revenues Miss

SciPlay Corporation (NASDAQ: SCPL) reported Q4 EPS of $0.19, $0.03 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $112.9 million versus the consensus estimate of $121.12 million.

Fourth Quarter 2019 Financial Highlights

• Fourth quarter revenue was $112.9 million, which included a negative $6.3 million impact from an out of period adjustment recorded during the fourth quarter versus $113.7 million in the prior year period. Mobile revenue was $98.2 million including a negative $2.4 million from the same adjustment. Mobile revenue established a quarterly record.
• Net income was $28.6 million including a negative $3.6 million impact from the adjustment mentioned above. Net income margin was 25.3%, up from $18.7 million and 16.4%.
• AEBITDA, a non-GAAP financial measure defined below, was $32.1 million, including a negative $4.4 million impact from the adjustment mentioned above, an increase of 31.0%, AEBITDA margin, a non-GAAP financial measure defined below, was 28.4%, an increase of 690 bps.
• Net cash provided by operating activities was $32.7 million reflecting strong results and includes a $3.0 million payment related to contingent acquisition consideration.
• Cash and cash equivalents increased $29.3 million to $110.6 million from the third quarter 2019.

Josh Wilson, Chief Executive Officer of SciPlay, said, "We grew our annual revenue by 12%, beating the market growth rate by nearly 1.5 times, and delivered a 30% increase in AEBITDA. We increased ARPDAU 9% to $0.50 and average monthly revenue per payer increased 15% to a quarterly record of $88.06. We believe we are in the very early stages of a multi-year revenue growth and earnings expansion cycle at SciPlay, and we couldn't be more excited by our future prospects and opportunities."

Mike Cody, Chief Financial Officer of SciPlay, added, "The strong profitability and cash generation this quarter highlight the strength of our evergreen franchises and business model. We are excited about our organic opportunities as well as the flexibility we have through our balance sheet to explore other avenues of growth."

For earnings history and earnings-related data on SciPlay Corporation (SCPL) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Fort Technology posts 49% revenue rise in first half of 2026
• StablecoinX reports Q2 2026 results with $34.2M net loss