3/16/2023 0 Comments Solitaire plus 1.4AEBITDA margin, a non-GAAP financial measure defined at the end of this release, was 25.1% for the quarter. Net income margin was 19.7% for the quarter.ĪEBITDA, a non-GAAP financial measure defined at the end of this release, was $42.8 million compared to $44.7 million in the prior year period, primarily reflecting higher revenues more than offset by the increased expense for marketing innovation initiatives, investments in our SciPlay Engine, and investments to build out a direct to consumer platform, which is expected to support future growth and margin expansion. This was primarily driven by a $14.9 million increase in marketing spend, an $8.6 million increase in personnel costs including stock-based compensation, and a $4.5 million increase in depreciation and amortization expense, partially offset by a 17% revenue growth and lower legal expense. Net income was $33.7 million compared to $37.0 million in the prior year period due to higher operating expenses. Revenue was $170.8 million, up 17% from the prior year period, achieving a new quarterly record, reflecting strong social casino performance and the full quarter contribution from Alictus. (in millions, except Average Revenue Per Daily Active Users ("ARPDAU"), Average Monthly Revenue Per Paying User ("AMRPPU"), and percentages KPIs include only in-app purchases) We see an unparalleled combination of opportunities to grow and scale our business over the long-term and drive increased shareholder value." Given our strong performance this quarter, we are maintaining our full year 2022 revenue growth and AEBITDA margin (2) targets. "Our strategic investments, including in the SciPlay Engine and our upcoming direct-to-consumer platform, will enhance our ability to drive growth and long-term margin expansion as we continue to scale ARPDAU and take a competitive leap in the current business environment. With our investments, we are delivering better gaming content and experiences than ever before, deepening players’ engagement and boosting player life-time value." "We’ve continued to enhance monetization and achieved multiple quarterly records fueled by our evergreen social casino franchises, demonstrating their longevity and ability to drive sustainable growth. SciPlay’s durable growth is the direct result of our long-term strategy, strategic investments and strong execution on our operating plan." We outperformed the overall social casino market for the second consecutive quarter. Josh Wilson, Chief Executive Officer of SciPlay, commented, "SciPlay achieved record revenue and strong profitability in the third quarter.
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