SciPlay Corporation (SCPL) Misses Q1 EPS by 2c, Revenues Beat

SciPlay Corporation (NASDAQ: SCPL) reported Q1 EPS of $0.21, $0.02 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $151.1 million versus the consensus estimate of $145.42 million.

Josh Wilson, Chief Executive Officer of SciPlay, said, "Our teams continued to execute at a high level this quarter delivering strong top and bottom line results with broad based strength across the portfolio. Our payer focus and live-ops strategy delivered sequential growth in key monetization metrics and we achieved record payer conversion for the 5th consecutive quarter. The soft launch of Solitaire Pets Adventure in April is an important step in our path to diversification in the $20B+ casual genre. This is an exciting time in SciPlay's journey as we invest to build our pipeline of games to drive long-term growth and shareholder value."

Mike Cody, Chief Financial Officer of SciPlay, added "This was another strong quarter of execution and monetization, building on the gains from 2020. Importantly we were able to deliver 28% top line growth, performing above the social casino market. Our social casino portfolio has never been stronger and our investment in the casual genre should enhance our ability to deliver shareholder value."

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

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