Sciplay Stock Price, News & Analysis

SciPlay (NASDAQ: SCPL) announced a donation of over $18,700 to Toys for Tots, resulting in more than 3,700 toys being distributed to underprivileged children. This fundraising effort was supported by over one million monthly active users of the Quick Hit Slots game during a campaign held between December 10 and 26. Players accrued 'magic points,' with every 50,000 points translating into a toy donation. This initiative emphasizes SciPlay's commitment to community support during the holiday season.

SciPlay Corporation (NASDAQ: SCPL) reported strong third-quarter 2020 results with revenue of $151.2 million, up 30% year-over-year. Mobile revenue surged 35% to $131.8 million, exceeding market growth. Net income reached $35.1 million, up 40% with a margin of 23.2%. AEBITDA increased 54% to $49.3 million, marking a margin of 32.6%. Key metrics included a record 7.3% payer conversion rate and 87% mobile penetration. The company ended the quarter with $210.3 million in cash and $360 million in available liquidity, supporting growth initiatives.

SciPlay Corporation (NASDAQ: SCPL) will release its third quarter financial results for the period ending September 30, 2020, on November 4, 2020, after market close. An investor conference call and webcast will follow at 5:30 p.m. Eastern Time that same day, providing analysts the opportunity to ask questions. Participants can pre-register for the call or dial in directly. The company specializes in digital games, offering various titles across mobile and web platforms. For further details, visit the company's investor webpage.

SciPlay (NASDAQ: SCPL) has appointed Danny Moy as the new Senior Vice President and Chief Strategy Officer, effective immediately. With nearly 20 years of experience in business development and strategy from companies like Zynga and King, he aims to enhance SciPlay's growth strategies. Moy will oversee initiatives to identify new opportunities and improve corporate strategy, as stated by CEO Josh Wilson. The company is also actively hiring across multiple departments, indicating ongoing expansion efforts.

SciPlay (NASDAQ: SCPL) announced an $82,000 donation to Direct Relief following fundraising efforts through in-app gaming events during the COVID-19 pandemic. The company engaged its user base of over 7.5 million monthly gamers, incentivizing donations by rewarding players for achieving game objectives. This initiative contributed to Direct Relief's efforts, which included over 12 million masks and other protective gear distributed to healthcare facilities worldwide. CEO Josh Wilson praised the collaboration between the gaming community and SciPlay's team for this accomplishment.

SciPlay (NASDAQ: SCPL) has reported significant growth, hiring over 120 new employees in the past year, reaching nearly 500 globally. The Austin office has expanded to 130 employees since its establishment in 2016, with plans to add more than 30 roles in 2020. The company's focus on digital gaming continues, with a remote recruitment strategy that includes virtual interviews and comprehensive onboarding. SciPlay emphasizes its culture of creativity and collaboration, aiming to attract talent passionate about gaming.

SciPlay Corporation (NASDAQ: SCPL) announced the acquisition of Come2Play, Ltd., a casual mobile game developer based in Israel, on June 22, 2020. This strategic move enhances SciPlay's portfolio, expanding into the fast-growing casual gaming segment. Come2Play's notable titles include Solitaire Pets Adventure and Backgammon Live. The transaction closed without impacting SciPlay's strong liquidity position of over $300 million and no debt. CEO Josh Wilson expressed enthusiasm about the synergies expected to drive player engagement and revenue growth.