Reports Q2 revenue $189.9M, consensus $178.88M. Josh Wilson, Chief Executive Officer of SciPlay, commented, “SciPlay has consistently grown our business and led the social casino market in performance over the past six consecutive quarters. Our strong and consistent growth reflects the delivery of great gaming and entertainment experiences to our players, and the unrivaled execution of our team. SciPlay is a player-first focused company, aligning all of our activities toward providing players with the most engaging and highly entertaining content. As a result, during the quarter we increased our base of payers while growing our monetization per player. We are investing in our business, people, technology and scalability tools to best fulfill this focus, and our stockholders are seeing the results of our investments and our team’s determination. We remain focused on executing on our strategy and driving sustainable revenue and profitability growth.”
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- Light & Wonder price target raised to $81 from $70 at Susquehanna
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