SCPL - Earnings call transcript Q2 2020

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Operator

Good afternoon, ladies and gentlemen, and welcome to the Sciplay 2020 Second Quarter Investor Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] Please note today's event is being recorded.

Now, let me turn the call over to Trent Kruse, Senior Vice President of Investor Relations for Sciplay. Mr. begin. may you Kruse,

Trent Kruse

and everyone. operator good you, afternoon Thank

and During XXXX by results we will Josh a second quarter discuss our Wilson are and afternoon period. me today's Cody. With call, question-and-answer this Mike operating performance followed

from include call. could Our the statements to cause of These actual Private statements risks certain materially Act under statements Reform results forward-looking involve call those Litigation and contain the today XXXX. will discussed that during Securities uncertainties differ that

please uncertainties, to refer our information on regarding and For afternoon, with relating risks issued release materials our filings this this to earlier SEC. our these earnings posted the website, the and call

We measure most be can in comparable financial website. non-GAAP and Investors GAAP our directly each found release as earnings our on a the also reconciliation non-GAAP in discuss non-GAAP the well of of certain section to as measures. measure A will press each description measure

reminder, and be website replay Also, is our this of our reference being at As will call Relations website. the Investor section to A in will slides materials archived accompanying supplemental recorded. conference Investors a webcast posted sciplay.com. this of be

Josh? company's used to the to While slides and meant these speaking of will now facilitate I results call. over as be the Josh. management your call directly the to a to are reference review following will be not slides, document the turn

Joshua Wilson

of our delivered producing enhancements everyone new Good such We Gold afternoon quality, we have economies, compelling to and truly for as and as us thanks Island Tournament on seen well Champions Fish so for that team Jackpot of and Trent. to surge demand, live and proud portfolio I results and Thanks Party. the second and our allowed us. in across joining Hopping record in player significant quarter. the features as ops game am capitalize

also revenue AEBITDA generated ARPDAU points and grew a basis record XX% XX% to a we up average to points conversion million, we to our $XXX.XX, $X.XX, revenue and four quarterly increased $XX increased penetration our from increase payer increased XX%. monthly last XX% payer X.X% saw of year million, mobile As to quarterly to $XXX result, per XX% XX record.

KPIs position our and in. record level these all of represent of incredible games the demonstrate All are a

portfolio we Looking games, at Gold Hit, and results Jackpot our Quick strong drive also of growth Fish saw outstanding saw Party, Monopoly. and from

We in us have are enable growth strength all momentum our industry to we confident and in XXXX. of games that outpace very will

the amazing we acquired quarter. these to second ComeXPlay addition results, also during In game casual developer

to to us the genre to able team and player perfect in game grow leverage product as extremely Adding enabled title. growth evergreen ComeXPlay significant analytics, engagement and the be technology work drive and will user apps, team our are and support it our expands excited We revenue. culture. in strategies casino a market comes immediately drive and portfolio, is expertise Sciplay, unique beyond ops, of our to we believe welcome ComeXPlay social live this together to acquisition, with to our a and incredibly casual both to We match new when and to talented

acquisition to the plan model success XXXX. utilize the acquisition revenue. the mentioned, portfolio our supercharge in to this into with We ComeXPlay it game, one incredible into game's the by popular As core tripling more Showdown to We than been Bingo support. A strategies great drove our our Bingo of example bring best content our was our has last results following the bring and portfolio. which of same brought SpiceRack,

expanded to multiple On Monopoly UA the international with run front, we testing continue have to countries. and

organic seen installs efforts App Store some success. optimization to undertaken We attract have and have

markets. and organic future. player Other with friction monetization games technology results more traditional begin We the implement international will of and spend levels first, of experiment paid to in to lessen monitor varying both solutions will our similar continue to installs

possibilities, us and organizational all across game actively leverage ops, player allow about to our M&A seamless all we have experience structure implementation, experience, broaden We game enhanced our updates, of wrap-up, significant design our our of acquisition, to us of games. execute to several With continue our growth team data-driven the design will continue team decisions strategy, faster and games, We to for players. same deeper tech excited developed support implementation further and allow team also drive and to opportunities, more we and our meta updated to drive teams learnings teams. from structure improving have dedicated new believe our surrounding this this which exciting and a deliver of user The finally, team are portfolio that key And led capabilities To we have us grow. across will improvement. live alignment, Jackpot feature implement eager will is winning to to enhanced keep incredible Party explore the success quality engagement around results. new monetization and our

in continue and our we couldn't And cycle a by early we and future pipeline. prospects more our be are of expansion to very stages earnings We believe opportunity. excited growth multiyear revenue

Cody Mike? Mike Now, detail. call turn in I'll walk the information over through to more financial to the

Michael Cody

generated record Thanks million. revenue of the second we In Josh. quarter, $XXX.X

down expense saw with saw our basis quarter prior The $XX.X was represented and XX.X% the quarter. which trends our XXX $XX.X benefit million of margin XX.X%. revenue leverage Net operating to model. growth driven largest million the million in and prior marketing UA quarter, up million. points $XX.X strong XXX growth significant our in a versus throughout in revenue, stay-at-home points leverage spent increased and spend. $XX.X increased $XX.X represents the CPIs over we year, and games, a the from was XX% of income strong the income was basis by in nearly business of to AEBITDA of million portfolio XX% dynamic, Our down we to dollar in the Sales the The and

topline June including in our undrawn The end, was our financial spend by variability our prior from increase of channel the to in to and liquidity expect to annual related and very agreement outpacing closed market acquisition driven XXnd. $XXX.X million cash proven look led $XX.X grow receivable some quarter, available quarter an a as will new our the given our tax quarter. percentage rates. well-positioned opportunities year. games We $XX in well and to for to addition payments. increase growth activities, approach and $XX.X first our far million XXX% ComeXPlay into strong ComeXPlay continue the At second We which returns. existing continue with by roadmaps, from IP, the the results includes entering continue provided portfolio spending generated operating million in of we highest achieved KPIs an the We $XX games over revolver and to of large of with the a our ComeXPlay. cash, finance ended revenue feature portfolio or quarter-to-quarter was we growth of all million. combined game We're $XXX.X categories quarter our metrics record the perspective million have million, We see essentially on for from library leverage acquisition as where in which from to strong as This

half to we As to that, in the exceed happy With your year. we're of questions. back market growth take the expect previously stated,

Operator

We JPMorgan. begin from our [Operator will of now session. the comes And first go Alexia Instructions] question-and-answer question ahead. Quadrani Please

Alexia Quadrani

maybe orders? And revenues the you. specifically you within on stay-at-home color think Thank a looking bit of us think whether by you And how a provide second that trended the you sustainable Can forward? quarter? bit is how would more influence

Michael Cody

Hi this Certainly. Alexia, is Mike.

back to the we year, implemented really the feature we a QX. on And to to growth enhancements saw good for previously, story the we've think about into prepare expected QX position for of QX, COVID a tell I you which what quality, economy, March properly when when back our be so of half occurred have growth month. the as record in in in So, to April back talked of we ourselves to go talked and we it being about again start based half continued the spike and fortunately,

the was everybody of their a of April, with lot really out impact While on hands. peak and peak with May outpaced time free the stay-at-home

June relative that now bit with me, baseline higher a pre-COVID will at a remained we've softened to So, relative period. little but stay-at-home has motors the lifted,

confident the and we're So, the because will planned. strong good be strong that second year a half we feature releases of roadmap have

forward good And this our positions. in going for about hard here, end talking predict know, So, changing COVID where us all the it's you from up ever as to will really really all games situation. of are

get to -- chance succeed, put really in to we've hard answer. to really, ourselves good think but we a So, good it's position real a

Alexia Quadrani

base? ComeXPlay on just it potentially And on how you I Okay. the if color can follow-up the player any think a could acquisition, expand

Joshua Wilson

Alexia. is whole. very are we're Yes, us gain those large causal market as acquisition Josh of one. so gets The solid it on Both about board DAU care of a the and into markets game this market also most the immediately the as very ComeXPlay day excited

of we game tech that it, one game This We hit a running. now, fit around a today. Klondike about the in are Solitaire in they market ground really on Adventure. metal the But the super-excited is that is Pets the they kind great; are first right a Sciplay amazing and team is which really, launch which day excited is have the with

we're And potential now. would grow, the I right XXXX. so that. we mentioned, very, mobile we in as start games world, expect the And be ramp very have assumption first-to-market that all to the seeing sorry about the be in would tech to games -- as My phase know, in

Alexia Quadrani

Okay. very Thank much. you

Operator

question Khajuria Please ahead. next RBC Capital go comes Markets. of from Our Shweta

Shweta Khajuria

you. Okay, thank

please. two try me Let

to particular there First monetize on on very on basis love can you. July far? what seen of are hear and players that ARPDUA you thoughts please in in a on sustainability drove Thank the improvement go What terms that any just of second, you you've or to was -- talk then your seeing XX% really And and continue feature drove strong your about ability the forward growth also that to product growth? DA was improvement that at that strength? in so what

Joshua Wilson

is Shweta, Josh. Okay. this

where I think to days a this. work more quarter. ARPDAU But -- game the are monetization of focus day be were Part of was and the side the it week. week from was had handle are of as all the our a a in up. entire player low. We Basically, home kind Mike saw able on this, is our throughout Sunday. week, the team like are large of more it to of a play. days part Almost Yes. during portfolio I I'll and And Saturday, able seven engage great increase ops peak people monetization that tag that we it. they live are because the shift if the across entire get to every weekends a looks where the to weekdays came the everything happen and to going normally

We these have, they we're overall. going retain to June. are all to come earlier, which a But be pre-COVID, that us as inside their for this KPIs did the in most does was above to of confident part, baseline higher what Mike baseline little start original mentioned down make able

Michael Cody

And in off, than mentioned, July than -- pre-COVID for to are the as other higher a from that left picking terms period. prepared where not numbers up Josh we're of to baseline July say give seeing we today, Josh any so

Shweta Khajuria

Okay. you, Thanks Thank Josh. Mike.

Joshua Wilson

Shweta. you, Thank

Operator

Morgan of Our next Cost question Matthew Stanley. ahead. Please comes go from

Matthew Cost

questions. the taking for I Thanks guys. if Two can. Hey,

that your we obviously, through a from So, driven opening strength in you just then about are and might you you the engagement perhaps see you terms might country? channeling lot one reopening think then in you have time affect otherwise consumer up. is into And and casinos gone saw across some that engagement now. pair that have over second extraordinary a of up closed some various what quarter, talk periods, portfolio, across Can bit country a of your see the trajectory. specifically of ratio scale the casinos saw margin levers been portfolio on impact little the this have maybe as that, had reversal in of friction spending the the just come Obviously, by on lot large a

has to You've year result over kind this? of accelerated of three XX% target Thanks, a that year a a about all, spoken at timeframe margin, as maybe five last

Joshua Wilson

Matthew.

may the United not once team I in tightness have the first is of that think, and jurisdictions of question. across news Mike The on would even just countries of kind the all and States, I'll again, really handle tag other country I great here. casinos outside we the saw states, part also.

now we benefit we of So, that was may is play major not great news a have in that the casinos did gives back really it to a and The from which up at closed, believe good there chance us titles, in games to retaining good got been world quarter. casino, opens future. come our of amazing mover the where a the chance they the ones our our them being amazing do the look as

Michael Cody

to Matt margins, obviously, on we're three happy year we're And stated to that your quite goal of XX%. question our AEBITDA exceed to able five

as future, However, don't pace. increase we have you to about do the the as we at class you think the the see can to revenues, scale same

out play this forward. around you we the not COVID, that's So, sure expansion. about as uncertainty got is we're how But how to and this think future going going the

XX%. our same to five of now, So, target maintain three that I will year for we think

Matthew Cost

Great. Thank you.

Operator

question next Davidson. Franco comes Granda go from of D.A. Our ahead. Please

Franco Granda

the guys. each player little afternoon, existing in thank dollar surprised given the was spend particularly for me your or on a enhancement the strong good payout levels. base of UA better question. you ask on simply results spent function I you on this I and as at Congratulations guess in Hi, the revenue was letting how quarter, quarter?

Michael Cody

the State I drop guess starting where beginning yeah, Franco, early a prior Fair then at quarter, hardening help and so did And most back So, we May revenue. in of will the started prior kind they -- in the in June. the of drive we first, March, were COVID. that late favorable, were to and into CPIs QX, the spent to and to late overspent into

and six issue, and LTV our kind levels we're level. lower to about at the how past. to original spend able we same spend the -- months really us record we grow much math were And -- our channels really quickly positive revenue AEBITDA approach a It's For of record revenue better look to to with and the ultimately, at maintained being so spiked it's happy that across a you kind revenue we've percent of also a We or of our portfolio games. when than the across in targets grow of result. the and and talked

our be dollar. again, and So, best really than to spend we've the mix trying positive got may a rather think good we revenue with not chase UA

Franco Granda

you one terms that second player for the in your Okay. Particularly, spending quarter? more new habits player color. you Thank for the And base? for you then are on me. What saying the base acquired in

Joshua Wilson

looked our still to I'd a of increase said, quarter the and No, higher in spend, $X Really, marketing curve which the that's months, allowed previous bring a person I the percentage they the us each day, way if a they The Mike major similar individual had in and over way be Yes. to like the came difference that person a extremely question. it six the way in we payers going more. want say player, got been LTV as today, that year was as if to the great were LTV before. looked at looks

Franco Granda

Thank you.

Operator

Bank Our comes next from ahead. question America. go of Ryan of Gee Please

Ryan Gee

suggest business all -- would spending Hey, good more home really to at players, of part that help but like for look we you Thanks expected, -- question. the in away seems has afternoon, kind be guys. patterns when leisure that end both COVID is to is time, growth it help mean transformed and of idle sitting and versus us unchanged this the the which your idle, what ARPU I Can in take strong growth and disconnect audience thoughts of I of of thinking, not revenue audience you in with So, a that get to payers. any just sure between the you that. then of agree if but terms terms all playing and the understand year-over-year this hey, at big follow-up. can wanted have a whatnot? your on games, And time

Joshua Wilson

Ryan. Okay. Thanks

think a may other piggyback here each Mike little I bit. on I and actually

it start and look actually year-over-year, does across grow did very when portfolio I MAU DAU. in it both to at and but quarter-over-quarter with -- So, want you did look the flat, yes, it entire grew

focused and and This progressed GAU. because getting time which payers As increase year, non-payer during for of value is seen we you the revenue monthly the does more converting our valuable really to looking per are our keeping cause spend we past have on and more what over more portfolio. course the average payer us last game GAU why had in spend year; less our this DAU also payers over long-term, the we in looking high for have

Michael Cody

Josh just quarter more. mean, prior -- back they And it's think up to add spike audience a I Yes. really from did I were well, the QX it on spending to said in and

a So, other kind those are on jumped it kept flywheel just two and each of things forward. going

our a try and job every new these forward going is audience. So, then forward play this found obviously, part going day people's with habits to maintain and of and that make games

And but is so know there at some don't we what think yet. level, is that just sustainability some we

Ryan Gee

sort hold feel casino casino I would helpful. seen forward seen super change be market prevalent? just you've mean from you that and for the internationally that's is you've could bigger of And Has Okay, to outside much in U.S., be where U.S. do like really much uplift the more follow-up a does compared social here? going looking social a that the how taken then the uplift here. transformational has

Joshua Wilson

saw is see installs. the the caveat; first-world user of per didn't we the number the that -- other U.S. of in spike see answer is we as in as amount increase, installs see did so, your Unfortunately, did of including section social revenue the will what the with casino to I growth largest countries largest the U.S. happen We yes. way question we their like think But I players. the

the So, us, optimize opportunity to their where in the may it game definitely in an behavior we to change order for is have future.

Ryan Gee

Right, great. Thank you guys.

Operator

Thornton comes Our Matt SunTrust. next of Please question go from ahead.

Matthew Thornton

could. for Hey Josh, I good Mike. if afternoon, Maybe question. taking two the Thanks

features the First, you talked into of content little new and launched bit some about that XQ XQ.

kind able back Just and XQ, least those you could. the new kind we we what we or or XQ? in? maybe came through curious of in just titles of of is I say if lift of take new got about trajectory steady got a new follow-up one the we do maybe some content acceleration step tease in the to an to Are terms content, kind at apart what from of kind when fairly features, cadence and of have quantify do then expect features, And you're year on delivery upward a if looking And forward? I've of linearity

Joshua Wilson

I well, tag question. start of so kind a Okay, Mike -- actually, team again. and once will second I'll with

half back feature We entire across live have did COVID, roadmap news an our to the more keep much the The coming is we now moving even be ops, extremely able this year, this of great teams development of to we our exciting during were the time. into of on portfolio. pivot time during

So, a the of on we quarter of year. doing third meta release all of and this fourth plan in full

Michael Cody

when stay Jackpot Party, game to and for often. caused features the impact, games for we come really quantifying a longer period first Champions players hard about what in back how in I certain And to it's of and on the those COVID break can we longer out of Tournament apart. kind and time the your question say play is, like more launch that perhaps of game versus example, features features, mean play

in those see so some behavior occur. do we when And change features

and kind at that's of part for we'll don't confident really point think that that a that be I do of mix. we're the so to this It's to break able out year. So, hard

Matthew Thornton

Fair enough. is of quick ability September. right. too. Maybe Obviously, ready All some could. starting kind in track here I just changes to getting to one follow-up if Apple in-app make The

impact? but on, your you case, in or where have your you the on might thoughts just that any any potential an acquisition if advertising any guys thoughts have either business, given impact have curious on user any Just advertising,

Joshua Wilson

to will we to performance, question with to make are external to rules have be how marketing out. to spending be you to great us us our and dealing solution their all today. this here's whatever going pivot regulations money and measure partners Yes, when internally to to that new -- we confident have you're toes on do get change able continue Matt platforms always have cause we will feel choices, Where change we on very come that like allow and effectively a that are your

Matthew Thornton

Thanks guys. Great.

Joshua Wilson

Matt. Thanks

Operator

of Brian Our Bank. Deutsche go question Kraft from ahead. Please next comes

Benjamin Soff

for these the the Thanks. on bit when costs can Hey Ben Thanks for organizational love to more of are start I the guys, associated and a in get terms there, you changes, this My changes? there is question. seeing we'd with guess is Brian. taking structure impact color first think any making both we little

Joshua Wilson

Yes, That's thanks, Ben. a great question.

So, I move I'm want to as can, as timing. into and you going give to on the I then because try to that fast get why color

at changes XXXX, was swim to the these at we focus made inside able team we as allow were areas with Jackpot lanes Party, what the would that once. on to a individual team of end, multiple do So, create in

which run game on -- team, created a the day-to-day is technology or basically a is user. we the team customer of which app team, faster, making not team So, the a monetization all feature a focused and

between Now, we games or at choose this, this that our time. time had done lanes two first was of of one had basically inside other to our company those the of a all

to early next We year investment model. in our into have two made this games largest move the June this

a was new it up all of take lot going people, Some to which internal moving it is hires, will be time. of

and can things into start teams won't features the game. we running impact until slowly, probably to see the releasing moving, when team XXXX up building be starting we'll believe we where So, the get that

Michael Cody

And plan a stuff trajectory within exactly terms Ben of cost, this our of material. in not spends, so fits is this

Benjamin Soff

one then costs more And sense. makes it, on Got really.

from investment quarter, very how by guys growth to more guys. more about strong on just information which spend, get returns? you wanted mean, much obviously do you generate you costs this think think are I is? How you what the I spending guys on right clearly higher level is balancing more to about would a how marketing, So, up and

Joshua Wilson

Yes.

of on been all day we spend So, today is since six ours true to -- spend. up one, this a ROI and month all

that cost is us within to be XXX% going want the cap. whatever spend that CPI we that to and individual, So, to we breakeven to months, up six

down So, it inflection on does up goes. go based and mainly CPI how

example, go So, January, in we of tend up, on year, we're a less. to normal down, February, CPIs CPIs for flip the all go December spending a lot side more, spend it,

is Do give to it So, any? fluid. want very you

Michael Cody

across Yes, I of talked manage the mean, the would games. is we've only in past, as portfolio I other add our we part this a as about all

And performing kind we're CPI. are been shift money of games what what so and one. that's and based versus the consistent around we'll how on done monetization with And from move certain seeing day we've

Benjamin Soff

the for guys. questions Thanks

Joshua Wilson

Ben. you, Thank

Operator

Macquarie. of [Operator Chad go ahead. Beynon will from Instructions] the question come next Please And

Chad Beynon

for afternoon. question. taking Hi, Thanks good my

roadmap. ask wanted Just product on to a one the general

core a some bringing able and producing just to really to this up that as some guys You that organic launch? the Gold what is Thanks. your growth, do focus it's the Fish of path standpoint success within know for organic you another the in for guess quarter. there the particularly think Or mainly given strong for room as metrics Is to best portfolio, I been monetization aren't on strong from you've do achieve quarter games others? continue

Joshua Wilson

Yes.

some game, all So, absolutely including by of our opportunities for that of we the have in part huge Jackpot the Party. last way,

there lot in games all that Jackpot industry like are mixture have now games the that a know, than Organically, Party ARPDAU and probably significant we give room ComeXPlay for a we of confidence seven have the As too. including that all does the does, it's even us people which a higher us.

that a this any basically cost and from acquisition which game where of price the we comes. organic new game, invest we're game an then into a us that's which us internally that organic ComeXPlay kind the we -- stop as a in is tech where we would got process it, game resources It is do, launch, launch has doesn't the of growth. a similar is purchase doing then future Some very tech at look built

We that that team will it, there confident we definitely continue to loop, on the our that the have can opportunities we simple out look look it do we core be roadmap. and at feel and skillset something the if that all will for

Chad Beynon

make on on Mike the And we sheet your back you're acquisition. think then to strong, is strong this with over balance position this even How extremely the about after just sheet, cash how making should balance use this Okay, of sense. accretive going wait leverage just years? dry you comfortable right Is couple it would and opportunities? of other a see kind around is or there next approach Or some a kind keep of powder up? feel analyze leveraging and that amount

Michael Cody

more M&A. team to Yes, business, whether this means acquisition, or I members think, as cash build we've user the talked about, we're going that use to continue out to

small ComeXPlay talked did more size the continue acquisitions. we've for across As to acquisition; just about, we look a we spectrum

to being rebuilding continue certainly So, all the that's -- play. build it's again, out business. it's wherever about can something But in we to

Right that's so now targets there. an think I and that's In off time. kind right at hold of we'll leverage, issue us for on discuss terms any the we'll of something giving

Chad Beynon

Okay. Thanks. Congrats the results on guys.

Joshua Wilson

Thank you.

Michael Cody

you, Thank Chad.

Operator

from Sigdahl Our next Craig-Hallum Please question comes Ryan go Group. of Capital ahead.

Ryan Sigdahl

Good my questions. thanks guys and for afternoon taking

Joshua Wilson

Thanks Ryan.

Ryan Sigdahl

players DAUs. focus mentioned you on and value So, adding the higher keeping paying

overall that DAU, declining more base? flattish to could of assume that but to is ARPDAU user flat and increasing going to and kind offsetting it than MAU conversion forward, reasonable be So, down

Joshua Wilson

is this -- think Yes, so Ryan, I Josh.

focusing user always to we're also foremost, optimizing retention, continue and monetization, first new So, and going on CPI.

that, of So, growth we're does there. keep able happen to create focusing new the on users. long And potential and we as as is

very not will us to we that good chance you don't do there's say see want So, I grow because a grow. that

side. -- On on side the we to the monetization the that, or live are going ops flip continually of focus focus

to week day, them by week. our to get getting And more and long a many and more more in how players, during often continue that's times the time for us week to during engage find opportunities they days gives come into they a increasing given our ways is more how it we As monetization chance the monetization really loop play. a more secret sauce

Michael Cody

And I also individual their would add to lifecycle. and games on and about products to that think have you our

a will DAU as users Solitaire it acquire about Pets game, needs we in think you So, launch, MAU tech as it matures. grow it's such and certainly believe Adventure and that to it is

And further different in bit some so games for are little of the a lifecycle. that their it's along

Ryan Sigdahl

outsize just of help year-over-year think in are Then, growth? small there growth is ComeXPlay could international, quarter. of but acquisition then you that the elements primary the accelerate expansion? nearly was on driver Great. relatively the that XXX% What that And do

Joshua Wilson

So, growth a of a help that international. good throughout installs and in is of efforts actually throughout we drive new to part lot [ph] get portfolio our ASO people that

also and have that forward which servers also. our test, give experience from more international to our Monopoly first to uses a that our frictionless we positive with customers is pushed game We results saw

I--. as far second -- the was sorry question? sorry, what that I'm part As of

Ryan Sigdahl

the Yes, just infrastructure accelerate, if ComeXPlay -- on there's if there's--

Joshua Wilson

worldwide is for Certainly. huge DAU any the that news a Klondike us opportunity is Klondike Solitaire place and is game. it Yes, here well, Solitaire a good is played,

it DAU to it, at this internationally look we grow because So, played game as opportunity a generally on game is anywhere. the this the

Ryan Sigdahl

luck. Good guys. Thanks, Great.

Joshua Wilson

you. Thank

Operator

Stifel. question next Please of Crum will Our ahead. Drew come go from

Andrew Crum

Thanks. Good afternoon. Hey Okay. guys.

performance. your want to comment expecting a in Bingo in mid-single-digits Mike, in Thanks. and range? the market clarification is as introduced There's that a half. unity and you well. just number or And for some still second Showdown conversion enhancements on get its growth on and So, just the a to for exceed the beginning the Are Josh, then earlier year meet comment

Michael Cody

Hey Drew.

this So, is Mike.

we've beat to on question I've and XX% year recent updates always market we -- for roughly market, the to some the being on So, XX%. stated, expect full seen for the as XX% half, market second

terms able we market changed. So, of in hasn't expectation that's and beat our the be should that to

Joshua Wilson

And Drew for Bingo, move Bingo, it's since yes, continue also free, right. to so forward

As the beginning the we version year. released this know, towards you Unity of

to changes. point technology on new now back get we're the ops, focusing time, to During were where get we live the now that all we able sewed and features, technology to is to finished that up economy and believe able or

the is more months nine the over the would So, reason the a game six, customers technology giving focus to longer. shift expect play to what of team in I next from

Andrew Crum

Got it.

Okay. Thanks, guys.

Joshua Wilson

Thank you.

Operator

I session. Josh closing back over for Wilson turn question-and-answer conference like to our concludes the This any would remarks. to

Joshua Wilson

today. results and the We record-breaking future growth about the The your opportunities strength our gains and second given is excited Thanks at support. us the quarter for team of joining our of appreciate in incredibly us. for Sciplay have ahead we untapped

continued delivering and returns on XXXX forward you. look results I and you for during We the strong Thank to to updating call. are beyond. next shareholders our committed our progress in

Operator

and disconnect. now concluded. The you Thank has may for conference presentation attending today's now you

SciPlay (SCPL) 23 Jul 202020 Q2 Earnings call transcript