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Net Income Increases Over 125% to $31 Million Compared to Prior Year Period
AEBITDA Increases Nearly 40% to $35 Million
Generated record monthly revenue in April, up over 20% compared to March
LAS VEGAS, May 11, 2020 /PRNewswire/ -- SciPlay Corporation (NASDAQ: SCPL) ("SciPlay" or the "Company") today reported results for the first quarter ended March 31, 2020.
First Quarter 2020 Financial Highlights vs. First Quarter 2019
Key Performance Highlights vs. First Quarter 2019
Josh Wilson, Chief Executive Officer of SciPlay, said, "The first quarter represented another solid performance for us, and we saw particular strength late in the quarter as a result of the stay at home measures across much of the United States. We have seen this momentum continue, and delivered record monthly revenue in April. We will continue to provide a fun outlet for our players while the impact of COVID-19 continues to evolve and locations take steps to reopen and relax stay at home measures. As we look ahead, our team is eager to execute our winning strategy, explore new growth opportunities, keep improving our games and drive enhanced results."
Mike Cody, Chief Financial Officer of SciPlay, added, "We achieved strong growth in net income and AEBITDA this quarter, which led to continued meaningful cash flow generation. We believe we are well positioned to continue revenue growth and earnings over the coming years, and we couldn't be more excited by our future prospects and opportunities."